Can you answer me about “Federal Loan” ?
Well, this is my information:
My Estimate need is $7688.00
Total aid: $3711.
Remaining need is **$3977**
But I don’t get the Pell Grant yet, which may be around $2500 more into my total aid. (There is computer error, they guarantee me for the Pell Grant)
I got $2500.00 private scholarship but I dont see it in my total Aid.
For question is, if my remaining need is $2000.00,
>>Will I be eligible for the Federal Loan?
>>Federal Loan send us the check/cash? or what sort of distribution would it be?
Thanks….
Favorite Answer
There is never a guarantee you will qualify for Pell. Some qualify, some don’t, some qualify one year and then not the next. Go figure. Even if some clerk behind a desk says yes, there is no guarantee till the money is in your or the schools hands.
Loans are usually sent to the school where they pay all your tuition and fees and such. If there is money left over, then the remainder will be given to you. (each semester) To be paid back over a 10 year period.
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles