Fed Financial

Financial Aid....?

I applied for financial aid and was approved. However, it says things about Subsidized and UnSubsidized loans. I do not want a loan it tells me how much I can get. I wanted the tuition to go down. I though financial aid was a way of asking the school to help by not charging me so much. I only plan on doing this my first year of college because the rest is paid for. I am struggling to make the tuition and so I thought financial aid paid it for me. Can someone explain what ways there are that I can reduce the ammount I owe or remove it completely. Yeah making payments is the answer so no smart aXX answers. You get the idea explain financial aid and all the ways it is available. I qualify for the first kid in the family to go to college or graduate whatever it is. I don't know ho to get that though.

Public Comments

  1. financial aid doesn't mean that someone will pay it for you, it just means that they will assist to make it easier. the loans you got are a good thing because now you dont have to worry about paying that amount out of pocket right now. if you need more aid, call 1-800-522-7562 and they can point you in the right direction. if you didn't qualify for any grants by the fafsa, then there is no more free money, sorry. you gotta pay it yourself now.
  2. Well if you qualified for financial aid and they are giving you free money it should say what they are offering you aside of the unsubsidized and subsidized loans. If that is all it says well then I would go for the unsubsidized one because if you currently have a loan out at a high interest rate well the unsubsidized loan is at a zero percent and they give you like ten years or so to repay back at a zero interest rate. Double check with financial aid on that.
  3. If you are not satisfied with what they gave you, you can tell them you want a review or ... i do not know exactly what it is called. basically what you do is tell them they need to review it because you feel you should have gotten better. like i said sorry i forgot the official name of what they call it. that should help you though. but you probably will need more help
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