Fin Aid - Bonus?

  1. Heya Folks,
    I ran into a rather odd siuation yesterday. Almost a year ago when I applied for Fin Aid I was informed that because I made $25k/yr and am single with no dependents, I am elligible for student loans lonly, no grants of any kind. I was fine with that and simply took out the loans I was elligible for.

    Yesterday, a full semester and a half after my first day back to school I found a rather interresting thing in the mail - a check for just shy of $1500! It was addressed properly, had my correct SSN and clearly stated it was a Pell Grant.

    Sigh, I find myself in the difficult situation of knowing what I should do... go to Fin Aid and ask about it. I know that likely it was a mix up and somone is wondering where his/her check is.

    Anyone else run into anything like this?

    Also, anyone know about Uncle Sam's extra fund for nursing students? (grants, etc?)
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  2. 23 Comments

  3. by   essarge
    HMMMMM......Moral question. Do you keep it or do you send it back. I myself would contact my financial aid advisor and ask if there was a mistake made or if it really was mine. If there was a mistake done...no harm done...you give it back. If it is yours, pick up the nearest sale paper and have fun (or put it aside for future school expenses!).
  4. by   Robin61970
    I also would contact Fin Aid and ask about it....if they made a mistake and catch it you would be expected to pay it back.

    Also, anyone know about Uncle Sam's extra fund for nursing students? (grants, etc?)

    I don't know anything about this.....
  5. by   CountrifiedRN
    Well it could go either way, maybe they made a mistake in telling you that you were ineligible. My guess is that they don't often give away money by accident. I'll bet it's really yours! Good luck, I'll keep my fingers crossed for you!
  6. by   Hidi74
    OOOOOH I want one!!
  7. by   Angella Walker
    Wern't you sent an award letter stating what aid was being offered. Let me tell you the FEDS don't make mistakes. If they sent you a check, there was no mistake.
  8. by   LauraF, RN
    At our school we have census day. They use that day to direct monies to the different accounts. Anything unused gets turned into a check and mailed out to students. They consider travel expenses, supplies and such. More then likely since you filled out your FAFSA, there was money left over for your school and you got the award. This has happened to me a couple of times.
  9. by   vettech
    Originally posted by RN2BLPN4NOW
    At our school we have census day. They use that day to direct monies to the different accounts. Anything unused gets turned into a check and mailed out to students. They consider travel expenses, supplies and such. More then likely since you filled out your FAFSA, there was money left over for your school and you got the award. This has happened to me a couple of times.
    Not sure if I completely follow you. You're saying that when I applied, based on Fin Aid's budget, I basically didn't make the cut. But now that the census day has passed, they found they had extra and changed the minimum critera for grants?
  10. by   emily_mom
    Did you call the school yet?

    Ya know, I'd keep it. But then I'm kind of like that.
  11. by   vettech
    Originally posted by emily_mom
    Did you call the school yet?

    Ya know, I'd keep it. But then I'm kind of like that.
    Nope, its Spring Break. I'll be back in class on Tues and will go by Fin Aid afterward. If its mine, umm, any Houston-area nurses who wanna go for a drink? I'll buy!
  12. by   colleen10
    I have had this happen to me when I accidentally requested more loan than was necessary. Whatever money was left over after the school has been paid was put into a check addressed to me and could be used for books, school supplies etc. I cashed the check and put it into savings and then a little while later I used it as a down payment for a car, which I don't feel guilty about because I used the car to get around for internships and work and I still have that car and its 10 years old. Make no doubt though, I am paying it back as part of my Student Loan.

    Is it possible that you requested a loan for more than is needed by the school for tuition and fees?

    Or, is it possible that you did indeed get some sort of State or Federal grant or even a Scholarship after all?

    My understanding of State and Federal Grants and Loans is that a certain amount of money is set aside for all students and then based on need and how many apply the money is divided among those students. So, if some students put in for aid and drop out and don't use it, the amount delegated to each student can go up because there are less students requiring money.

    Could this have possibly happened to you?

    About the Nursing Loans and grants, I live in PA and have been investigating these options for nursing school within my state and have found that there are programs for nurses, not necessarily nursing students. All of the programs I have found so far are "Loan Forgiveness" and "Grants" to those that allready have passed their RN licensing exam and are working in PA full-time. So, it will be helpful after you graduate if you are a person who will be taking out a lot of loans, but right now while you are a student it won't help because you have to get through your nursing program and then get your license and start practicing.

    There are also some other stipulations like the school you went to has to be on a pre-approved nursing school list and you have to be working full time for a whole year, etc. etc.

    I would be interested though, if anyone has heard of a loan given to students to keep them in PA? It works this way, you are in school, you get a loan (I think $3,000.00), if you stay in Pennsylvania for 3 years and work after you graduate you don't have to pay it back.

    If anyone has heard of this let me know.

    Col
  13. by   Cynthiann
    I got a check for $40 last week, probably same reason you got a check too. I just wished mine was $1500 too. But I did have $1700 a few days before that that was left from my grant.
  14. by   LauraF, RN
    Originally posted by vettech
    Not sure if I completely follow you. You're saying that when I applied, based on Fin Aid's budget, I basically didn't make the cut. But now that the census day has passed, they found they had extra and changed the minimum critera for grants?
    That is the way I have been told it goes at our school. Different schools handle things different. But I sure think that you got it because you qualified somewhere. And as I always say Don't look a gift horse in the mouth!:chuckle

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