Finanacial Aid and Need Based Grants

OHMomof2
Mon, 02 Dec 2013 11:54:31 +0000

You will have to worry about the interest on the sub loans if you don’t pay them off within, I believe, 6 months after graduation. They just don’t accumulate interest while you are in school.

I think the big question - one for your financial aid office - is what would you qualify for next year? Are there grants that you will get next year if finances are the same or might you be in the same boat, with $3,000 Pell and $6500+ Staffords for the full year next year? If there aren’t, it might make sense to keep working this semester and apply elsewhere as a freshman for fall. Depending on your stats there might be great deals out there for you, though deadlines for merit scholarships are past or coming up soon.