A few days ago
If you are set to recieve a federal student loan do yu still have to pay tuition and just wait to get it back?
Because of my income they say I dont qualify for grants but they did say that I will be recieving federal student loans but I just want to know if I have to pay first and then wait to get paid back or if once they know I am recieving student loans if they just wait the thirty days till they release it or if I still have to pay it and jsut wait to get it back.
Top 5 Answers
A few days ago
Favorite Answer
this all depends how long before classes start that you applied and were approved for the loan. if it were after the classes started you would have to make payments to the school until they received your loan money. since classes typically start late aug for the fall semester you probably have enough time to wait for the loan to be dispursed. check with your financial aid office to be sure though. they would be able to give you a more specific answer to your situation.
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A few days ago
Depends on your school. I know the school I’m going to, you don’t have to pay anything as long as you have filled out all the paperwork for finanical aid or a loan. They even let you charge books to your loan or finanical aid account. I would just call the financial aid office and ask.
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A few days ago
I guess it depends on your school… However, at my school we have to pay for classes by th 14th (tomorrow!) if we have financial aid (or loans) or not! I don’t get my aid/loan money until the 20th! So, I’m trying to find other options to pay now for some up with $3000 by tomorrow!!!!
I have not clue why they do that to us! If I had $3000 to give them why would I be getting aid and loans!!!!
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A few days ago
Check with the financial aid office of your specific school to make sure. Recently found same problem. Paid the school a “deferral fee” of $150.00. This guaranteed my seat for September, while awaiting loan funding to arrive.
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A few days ago
Been there, done that, still paying for it.
The money comes directly to the school in time for tuition to be paid. (Supposed to, anyway.) If the loan is for the same amount as the tuition, the school just keeps it.
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