Just got my financial aid offer

epicremy
Tue, 09 Apr 2013 01:08:50 +0000

When you do work study the government will pay a certain amount of your check and the employer will pay the rest. So say they were paying half of it & you were being payed 10$'s an hour, after making 1532$'s in total the government would stop paying for any income afterwards. The employer then wouldn’t get the benefits of having hired you. Also when filing income taxes you don’t have to put down the 766$'s because it was a grant.

This is my first year getting full fasfa also, but from what I’ve heard you should be pretty much set. School cost 14k (The conditional uni grant) and books and transportation another two to three thousand. If you don’t need to pay rent then it’s even better. When they’re deciding how much money to give you they look at everything; how much is school, books, housing, food, having fun and then decide how much to give you. My income was pretty much 0$ and they only have me 3k more so you almost got completely covered : )

FYI:
Pell grant- regular fafsa grant
Grant A/B/C- for having good grades and needing the money
subsidized loan- you don’t have to pay back till after school (my sister just enrolls into community college classes so she can put off paying these -.-)
unsubsidized- you have to pay back while in school
work study- you work to earn that money
uni grant- The blue & gold program which pays tuition
parent loan- your parent can take out a loan to help them pay for your college expenses