Financial Aid (PLEASE HELP)

x_factor · Mar 17, 2013

You have to pay it back, or you'll be denied financial aid until the amount is paid. Pell Grants have stipulations that you must attend a certain period of time (around 66%, or 2/3 of the semester) before withdrawing, otherwise you are responsible for paying back the unused portion that you were awarded. Left unpaid, you are ineligible from financial aid until it's paid. Go long enough without paying, and like a student loan that's left unpaid, you'll go into default and become permanently ineligible for all future financial aid.

shaylah · Mar 17, 2013

Will they still let me attend Concorde and just pay without using financial aid?

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x_factor · Mar 17, 2013

Depends on the individual school, I would contact them and see what they say.

shaylah · Mar 17, 2013

Thanks A Lot.!

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karleeek1992 · Mar 19, 2013

You could probably set up some sort of payment plan

shaylah · Mar 20, 2013

I tried. I have to pay it in full. But I talk to the people at my school and I will let me go without using F aide and just make payments til i can pay the F aid money off. If not if going to have to wait til September. :+(

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rstates84 · Mar 20, 2013

If u cn afford to pay for school without financial aid then do it.....if not set money aside to start going towards paying the school bck.....I owed a Skool and. Couldn't get transcripts or fa till it was paid mines was 800 but Skool said since it was old I could pay 624 and that would be sufficient....no payment plan either......so I sacrificed. Saved 200 from each of the next 3 pay checks and paid it off....it's worth it...once u get in Skool and graduate that money will not matter any more....u will get it bck..... I hope it's not a lot u owe....hopefully this helps. Your education is worth it!

shaylah · Mar 21, 2013

I owe 821. I just got a job so i will do the same. Put money aside to pay it off. Thank you alot for the help.

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shaylah · Mar 22, 2013

They are going to let me start.! Yeahhhh.!

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pnkgirl25 · Mar 23, 2013

I had a problem like this. Attended a community college and had to drop classes. I ended up owing $608. I enrolled at another school a semester later and was issued a pell grant without a problem. The amount you owe is school specific, you wont be able to get a pell grant at that school but you will be fine at another school. I of course ended up paying the money back (took me 8 months) but in the mean time I was able to enroll in another school a few miles away and was fine. The school you own the money to will hold on to your transcripts until the debt is paid. And don't wait too long to pay it or I believe they will report it on your credit and that's not good.

Also, you might be able to petition to be reinstated. Usually what you have to do is petition to be reinstated, go one semester without pell grant, then the following year or semester you will be fine. I have had two friends who did this as they were unable to afford to make payments.

Also I have never heard of then not allowing a payment plan. They will take payments, granted you won't be able to receive a pell grant while you are making payments (at that school) but trust me, they wont turn down a payment.

shaylah · Mar 23, 2013

Thanks alot. That made me feel even better. But idk why they told me that I coulnt do a payment plan.

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