Received financial aid award but I am wait listed?

[thumper1]

@thomas4881

You wrote this:

I wouldn’t accept any of the money I didn’t have to because you’ll have to pay it back and they don’t allow you to get out of it in bankruptcy. $30,000 student debt can easily turn into $90,000 in a matter of years because of compound interest

You are talking about LOANS. If this student got $12,000 or more in aid, it probably all was NOT loans. For all we know, it was all grant money. If that is the case, and he got accepted! It would be foolish with a capital F not to accept the full award. Grant money does not have to be paid back. Neither do monies earned through work study.