What can you do with the Pell Grant?

What else ,besides "Pell Grant" and "Federal Loans" can I apply for?

  • I will take ON Line College in about 3 weeks,I am already enrolled and was approved of the Pell Grant and Federal Loans.Is there anything else I could apply for,(besides Scholarships) that would help me with the expenses for college? The Loans I applied for cover the College Tuition, but nothing else I may be in need of.School materials or supplies if needed. I've heard of people going to on line colleges and receive payment for going to college as long as they don't fall below a "C" in their grades. Is there such an option? and where would I be able to apply for such loan?

  • Answer:

    There's always private college loans. There are two problems with them though, they are unsubsidized, meaning you still won't have to pay back anything until after college, BUT the interests still gets charged to the account every so often. Then that is part of the loan amount and it will get interest on top of it. For instance, a $1000 loan that is charged interest at 10% every quarter. At the first quarter the loan amount becomes $1100. At the second quarter it then becomes $1210 etc. The other problem is the interests rates are higher. I have some federal loans at 5% and 8%. My private loans are 11%. I applied for mine through http://www.salliemae.com/ If you haven't talked to a Financial Aid Advisor at the school you really should. If they don't have one or they aren't much help seeking out someone else like that might be of help.

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Marc G

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