financial aide...?

Question

just wanted to know if u have to pay that back at one point in time. wanted to go to school, but don't want to have to worry about payin loans back. so is this some sort of loan?

Answer 1

There are different types of financial aid: grants, scholarships, loans, tuition waivers, tuition exemption...

Normally, the only thing that needs to be repaid are any loans (federal, state, or institutional) that you receive in your financial aid package.

If you know what school you would like to attend, go ahead and talk to a financial aid officer there for more information. Good luck!

Answer 2

If you get scholarships and grants, you do not have to pay back the college tuition. However, if you receive any student loans, you will have a grace period of six months after you stop attending school, and then you will have to start making payments on them. Outside scholarships can be used to minimalize the need for student loans. Also, select the school which gives you the best financial aid package that has the least amount of student loans. Sign up for the work study program on campus when you fill out the FAFSA form. You should be searching for scholarships now if you will be attending college next fall. I will include some places to locate scholarships and list some websites below.

First, current high school students can locate a list of local scholarships at the high school guidance office. These are typically the easiest to get compared to national ones.

Second, search Google.com and Yahoo.com for college grants from your state. Some do offer it for good grades or particular college majors such as nursing. However, a number of them are need based grants.

Third, the local public library has a book listing scholarships with some not even listed on the web.

Finally, join several free membership scholarship search websites. You enter a profile, and it will then search for scholarships matching your profile. There is a scholarship for almost anything including wearing duct tape to the prom.

Good luck!

Answer 3

Most people will have to take out some form of loan for college. Most grants/scholarships will not cover the entire cost of tuition/fees (not to mention living expenses if you will need to move to the university to attend). Loans will have to be paid back after graduation, usually beginning 6 months after graduation date, although you can get deferrals if you are attending graduate school, alternative teacher certification, etc.

Good luck!

Answer 4

No, financial aide is not a loan. I'm a financial aide student myself. Financial aide works the same way as a discount. Universities offer financial aide just like they offer scholarships. Scholarships are awarded to high achievers. Financial aides are awarded to those who need the aid. In other words, to those who the costs of studying are higher than what they would normally afford.
When you get financial aide, it means that your school has agreed to help you by paying a part of the tuition fees, and the school will never ask you for its money back.
To sum up, financial aide is a system that decreases your anual tuition fees to a more affordable level.
And I say go for it!
Hope this information helps!