Confused First Generation Senior

chaospaladin
Sat, 26 Mar 2011 00:21:20 +0000

Are you a USA citizen?
What country did you immigrated from?
When you say “first generation,” do you mean you are a 1st generation college student or a first generation immigrant?
For loans, if they are subsidized, the government pays interest while you are in school and up to 6 months after you get out of school.
For unsubsidized (you should always avoid taking these out anyways), the interest accrues even while you are in school and you are responsible for those interest.
Yeah, HS counselors suck. You should get all of your information on CC.
Are you officially graduating from HS in Spring 2011 for sure?
What college are you going to?
For loans, you can pay back more than the minimum amount. Some people make so much money, that they just pay the whole amount of loans in one sweep and don’t have to pay interest (I’m actually trying to do this myself).
Yes, it is possible for you to get less financial aid your 2nd, 3rd, and 4th years due to budget cuts. They are cutting National SMART Grant and ACG next year. :(
Yes, they automatically deduct straight from your account. Any money that is left over gets sent to you as a check where you can use the check for housing, travel, books, food, etc.
The money is automatically transferred to the college.
How much financial aid money are you getting this year?