Do you have to pay back college grants when you graduate?
Previous post: Preparing For College: Nine Elements of Effective Outreach
Next post: Chicago college life
Categories
-
Recent Posts
-
Recent Comments
- DoctorWorm01 on Japanese living in American college dorm
- zelflame on Japanese living in American college dorm
- StrawberiiTwili on Japanese living in American college dorm
- dumDDdumDDduiDUI on Japanese living in American college dorm
- ILoveGaaraLOL on Japanese living in American college dorm
Archives
Copyright© 2010 Prepare-for-college.com All Rights Reserved. Visitors are solely responsible for comments left on the site.
{ 5 comments… read them below or add one }
Grants no. Loans yes.
As far as I know, college grants are like rewards given to study, like a scholarship. A college loan has to be paid back.
As far as I know, a grant is a “gift”… you’ve been given the money to use towards your education, and shouldn’t need to be repaid.
Loans, of course, DO need to be repaid, and to keep your credit rating from going into the dumps, do NOT be late with loan payments.
You do not pay back grant money. You only pay back loan money. You can think of grant money like it is a scholarship, it is just given to you without you ever paying a penny for it.
Grants and scholarships you do not have to pay back; loans you do.
Sometimes grants and scholarships are conditional and if you don’t fulfill those conditions, THEN you have to pay them back.