I'm a little confused. Can you have loans and aid at the same time? What's the difference? Can the Pell cover all of your tuition?
I'm a little confused. Can you have loans and aid at the same time? What's the difference? Can the Pell cover all of your tuition?
You can have loans and financial aid at the same time.
Government grants, such as Pell Grants - are given out based on your need. Need is defined by your age and your income level from the previous year. No, they don't come close to covering college tuition at a four year college but help a lot in a two year.
Loans are a separate thing which you must pay back. Since you are a student the government makes a deal with the bank to cover your loan if you default. However, if you do default, you will be chased like a motherfucker by the government until you pay it off. (I don't believe you can declare bankruptcy to get rid of the loans either under the new laws so know what you are getting into.)
Student loans tend to have a max you can ask for over a given time period.
There are "private" loans also. Know the difference because the government WON'T pay them back and they will be on your butt too. Private loans tend to rip people off. Unfortunately, these days FA departments steer students into private loans. Best to go to the bank yourself for a student loan if you need one.
Private loans are only limited by what they think they can get back from you.
My advice, go to a two year school and transfer credits to a four year if you want to go that far.





also don't forget that, for college students under age 24 ( = unemancipated), gov't student grant and student loan eligibility is based on total 'family' income. Thus when the parents fill out the student grant / loan paperwork the girl's dancing income must be included as well as the parents' incomes.
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