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High School Study Abroad loans?

2008-2009 FAFSA renewal question about loans and work study?

  • I'm in the process of renewing my FAFSA for the 2008-2009 school year, and I just received an ROTC scholarship that covers full tuition and partial room and board. My Expected Family Contribution is always $0.00 Since I have everything paid for, I would only need money (grants) to pay for the other part of my room and board. There is a question on the FAFSA that asks if I would be interested in Work Study or Loans or both. How should I answer it? I would only need a grant to cover the other part of my room and board, and I usually receive a Pell Grant every year, and that would cover my room and board. If I answer "yes" to the question, will they distribute work study and loans first or do they distribute grants first? If I answer "no, I'm not interested in Work Study or loans" will that effect my chance of getting grants? Thanks in advance!

  • Answer:

    i answer no to that question, i answer that i wasn't interested on a work and study grant or on a loan, i got my financial aid anyways

yum_yum_... at Yahoo! Answers Visit the source

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Only answer "Yes" to this question if you are interested in taking out a loan or/and are interested in getting a part time job on campus (work study job). If you are not interested (which it sounds like you wont need them, but what do I know) then put no. Work study is money you earn through working, usually you are awarded a max amount you can earn... and you work 15 to 20 hours a week to get it. It's just like a regular job when you get a paycheck every couple of weeks. They don't give it to you or credit your account up front normally. Loans are money that you have to pay back and should only be utilized if you can't come up with any other alternatives. You can "max out" in financial aid, but his happens very rarely... as school is so expensive. If you are not sure, you can answer "YES" and they will offer. You can still decline later if you get enough from other sources to pay. (some people get the max Pell every year and some don't) Good luck.

Found-1

I would answer YES to this question as this answer doesn't obligate you to using them. This is another 'tracking' question for statistics. While it sounds like you probably won't need them, unforeseen circumstances always have a way of raising their ugly heads. Keep your options open. Good Luck and congrats on the scholarship!

beut_els_guese

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