well they cover everything and i pay nothing back at all, but since its online school will i recieve any kind of checks or anything?
2006-07-19 05:43:21 · 5 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
If your receiving scholarship money and there is leftover they will usu sally send a balance check per quarter after the last drop date of your class. It is the same if your doing loans.
It usually ends up being about the 3rd week into your class before they send out a check. I would double check with your school's financial aid department to nail down a time. I would also ask them if you will need to claim the balances as income.
2006-07-19 05:56:39 · answer #1 · answered by Lori D 2 · 0⤊ 0⤋
money back all depends on what you receive. Online schooling won't effect your financial aid eligiblity as long as your at a credited university.
The amount of refund also depends on your EFC when you filled out your FAFSA. If you are a dependant student (under 24, not married, no kids) then you have to include your parents income information and that may hurt your chaces of certain grants.
Don't depend on a refund, but talk to your financial aid office. And make sure if you decide to drop classes you find out what the effects are.
2006-07-19 07:33:43 · answer #2 · answered by glassflower 4 · 0⤊ 0⤋
If you get any cash back from a loan, give it back to save your debt or reduce it. If you try for grants or scholarships, you dont have to pay those back but the remaining money goes to your pocket. In a way its like an income for saying thank you for coming to school even tho you work or if you dont work they give you some amount of money anyhow.
If you live in the state of Ohio, you can apply for Pell Grant and automatically get Ohio Instructional Grant before oct 1 of every year ( that is 2 grants depending on the college you go to).
2006-07-19 05:53:17 · answer #3 · answered by deviousbeautifulangel 3 · 0⤊ 0⤋
New rule. Any cash you get from a loan is income. Same way when you default the loan and they give up on collecting it, that will be taxable income also.
I'm pretty sure the school's tuition = max loan.
2006-07-19 05:49:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
They will probably only cover a portion.
http://www.daylon.com/scholarship/
that might help you a bit too.
2006-07-19 06:13:46 · answer #5 · answered by nolyad69 6 · 0⤊ 0⤋