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Pell Grant Direct Loan Unsub - 1 Direct Loan Sub - 1

cal00712cal00712 Posts: 585Registered User Member
I was awarded these three.

Would I have to pay the direct loans back??

I need help asap. My pell grant was only 5500... and I have 0 EFC. Did they calculate wrong?
Post edited by cal00712 on
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Replies to: Pell Grant Direct Loan Unsub - 1 Direct Loan Sub - 1

  • CharlottemomCharlottemom Posts: 171Registered User Junior Member
    I believe anything called a 'loan' has to be paid back.
    Grants do not have to be paid back.
  • cal00712cal00712 Posts: 585Registered User Member
    Thanks charlottemom. I think I have to cancel my dorm then. Dorm cost 10000 and no way I can afford to pay that....
  • swimcatsmomswimcatsmom Posts: 15,052Registered User Senior Member
    $5500 is the maximum Pell grant you can get so no it was not miscalculated.

    Yes loans have to be paid back. The sub loan the govt pays the interest until you graduate or drop below half time. The unsub you are responsible for the interest from day 1.

    Did you only now get your FA award?
  • cal00712cal00712 Posts: 585Registered User Member
    I got it a few weeks ago... I applied for a school and they rejected me and then accepted me late June... and my FA just processed a few weeks ago because of that.

    Both my parents make very very little money... 0 EFC ... shouldnt I be getting a bigger grant?
  • cptofthehousecptofthehouse Posts: 25,348Registered User Senior Member
    You did not get ANY money from the school. This is just what the government gives. It is not intended to pay for more than a state school for a commuter.
  • swimcatsmomswimcatsmom Posts: 15,052Registered User Senior Member
    No. $5550 is the maximum Pell anyone can get.
    0 EFC = $5550. >0 EFC = <$5550 Pell.
  • mom2collegekidsmom2collegekids Posts: 64,114Registered User Senior Member
    What school is this?

    Can you commute to it?


    edited to add.....I see this is Cal Poly Pomona. Can you commute to it?
  • GardnaGardna Posts: 1,013Registered User Senior Member
    0 EFC = $5550. >0 EFC = <$5550 Pell.

    For those of us who don't parler les mathematiques, she means that if you have an EFC of 0 then you will receive the maximum Pell Grant of $5550; if you have an EFC greater than 0, then you will receive a Pell Grant smaller than $5550.
  • cal00712cal00712 Posts: 585Registered User Member
    @ mom2collegekids: Yea Cal Poly Pomona. Yeah I can commute to it. Since I was "out of area", they forced me to sign up for a housing contract and dorm. But I just filed for exemption since I thought I thought I could keep the loan...

    @ cptofthehouse, swimcatsmom, and gardna: Thanks.

    So whatever is left off the 5550 after tuition, I can keep that money?
  • DLOCAPDLOCAP Posts: 7Registered User New Member
    Yes the school will forward to you whatever balance is remaining after the money is applied to tuition and anything else the school deems to be part of their cost of attendance.
  • cal00712cal00712 Posts: 585Registered User Member
    @ DLOCAP: Thanks. So if I went to a CC and since they're classes are so much cheaper, I could have kept more of that money??

    Thanks for the quick responses everyone. I appreciate it a lot.
  • DLOCAPDLOCAP Posts: 7Registered User New Member
    It all depends on the cost of attendance of the school, if the CC you would have went to has a COA that is lower than the one you are going too, you would be getting more money back.
  • cal00712cal00712 Posts: 585Registered User Member
    @ DLOCAP: Oh ok. I understand now. Thanks. I wish I would have understood this earlier before I made my decision... smh
  • mom2collegekidsmom2collegekids Posts: 64,114Registered User Senior Member

    So whatever is left off the 5550 after tuition, I can keep that money?



    That money will be divided into 3 parts because CPP is on the quarter system. The first part will go towards the first quarter.

    Tuition and fees for the whole year are about $4800. The first quarter will cost about $1600. You'll get $1850 from Pell. That will leave you with about $250. I don't know if you can get that money in time to pay for your books.
  • cal00712cal00712 Posts: 585Registered User Member
    @ mom2collegekids: Thanks for the clarification. Wow $250 will get me like two books. haha Im eligible for Cal Grant B... when do I get that?
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