The CafeMom Newcomers Club

alexhuntercody
college moms help me decide. i dont know what to do!
April 7, 2010 at 11:15 AM

I am taking 2 classes in the summer. They cost 642. That doesn't include books. I checked my online account and  I was awarded 1337 in federal pell grant money and was given a 500.00 student loan for summer 2010 only. that does not include fall; they haven't done falls online thing yet.

Would it be plan stupid to deny the student loan? because 1. the pell covers the tuition and then some and 2. if i do go over i have 500 in the bank i could use. (i can't see it happeneing though with how much i was given in pell)

I dont' want to take out that loan and NOT need it. Seems like a waste to me. ya know?

btw i am starting in summer. I haven't used pell for the 2009-2010 school year that is why i got pell in summer.

 

Replies

  • oboe_chik
    April 7, 2010 at 11:32 AM

     

    Quoting alexhuntercody:

     

    Quoting oboe_chik:

     

    Quoting alexhuntercody:

     

    Quoting oboe_chik:

     You got a pell grant for over 2 times as much as what your tuition will cost. Why would you need to take out the loan? Just to have spending money?

    i didnt take it out. the school automatically gave it to me. I dont' want it. But the college was trying to talk me out of denying it. I denied it now though. So i don't have it anymore on my records. :)

     Ok I thought you had already gotten the money from the sound of your post. Yeah I got a few loans for college that were above the cost of tuition and I bought books with them and gave the rest back. I am still about 47K in debt from school.

    no everything is managed online. So i had to log into their system to accept the awards offered to me. I accepted the pell grant but was unsure about the loan so that is why i called them; they tried to talk me out of it and then i posted here. But before i got any responses i went ahead and denied it. I have 500 in the bank i could use if i have to. SO it makes no sense to take it out.

     Yeah that makes sense. Sounds like you have a good head on your shoulders mama. Good luck in school!

The CafeMom Newcomers Club

Active Posts in All Groups
More Active Posts
Featured Posts in All Groups
More Featured Posts
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN