Financial Aid Disbursement Question!?

well since the school determined your financial need at the beginning of the year when you filed a fafsa, then you should get your money. For example, at UCLA loans and grants go through our system and they pay off any debt I owe, units, health fees, ect. then any money left over is returned to me in the form of a check. If I we to owe nothing, I would get all the money in loans(or aid) back. Long story short, they should give you al the money since the amount of aid for the year has already been determined, and I assume you've already signed some kind of promissory note right? (Like they sent you something so you could accept the amount) I don't think it's the norm for them to just change the amount because you don't need it all. oh by the way my loan lender is also Sallie Mae

What will happen is the school will determine how much you have left over after the 3,000 tuition.. say 1183+4500+3804 (-3000)= $6,487 and then divide it in half. so you would get roughly 3,200 in october and 3,200 in November. However, you need to double check those loan amounts... because I think they are not the amount for the quarter, but the amounts for the whole school year. I'm not positive, but worth a look. Your refunds looks like way too much money!! So, you seriously need to reconsider all those loans. if your subsidized loan is covering all of the costs, I think you should decline the unsub loan. The interest will acru and acru the entire time you are in school and not paying on the loan (meaning the balance on the loan by the time you graduate will be WAY more than 3804.00). The subsidized loan will stay at 4,500.00 Good luck.