I successfully got my financial aid reinstated for this semester but I figured that I wouldn't be able to receive financial aid until the fall so I registered for one class and was going to pay out of pocket because that's all I can afford. I was fine with that since that is how it's been since my financial aid was suspended.
I get an e-mail saying that I'm eligible for state loans and a pell grant for about 2500 dollars. I was excited to take more than one class at a time so I accepted the pell grant and registered for four classes. That was about 1700 dollars and I spent 300 hundred more dollars on books. So I spent 2000 dollars all together. While this is going on I am trying to fix my student loans so that they don't go into default.
I am now a month into classes when my efforts failed and my loans went into default. The school immediately took back the financial aid and hit me with the 2000 dollar bill. I have already made plans to rehabilitate my loans but that's not going to help me right now.
I've read the federal financial aid refund policy several times and for the amount of time I've had class I can't understand why I owe the whole two thousand dollars. Shouldn't it be a fraction of it? I'm just disheartened by this turn of events and I'm not sure what can be done if anything to dig myself out of this hole.