02-25-2012, 10:17 PM
xxx Wrote:A friend of mine claimed to recieve finaid for living expences while enrolled in an online school. I find that hard to believe but he swears by it. Anyone else heard of that or done it?
If Im assuming correctly what your friend is doing is this.
Lets say tuition is 4500 per semester 2 semesters to the year. Thats 9k for the year. Fafsa,grants, scholarships gives her 8k she has 1k left. She then is taking out secured loans from the government. Financial aid usually does this for the student to help them because it gives a student less of a chance to back out. Which means the school has a cap they are allowed to ask for in loans. If there is 10k left the student gets it. What the student does it is up to them return or use. But they have to repay it.
Now for docs and law students its different they are allowed a larger portion of loans because for example law students are not allowed to work more than pt, some law schools do not allow work at all.
[SIZE="3"][SIZE="2"][SIZE="1"][SIZE="1"][SIZE="4"][SIZE="4"][FONT="Arial Narrow"]"Oh, get a job? Just get a job? Why don't I strap on my job helmet, and squeeze down into a job cannon and fire off into job land, where jobs grow on jobbies!" Its always sunny in Philadelphia.
[SIZE="1"][FONT="Arial Narrow"]tesc credit banked
FEMA IS courses- alot
Aleks completed-many of them
Cleps:Spanish 67
Associates in psychology UOP
TESC BA in psychology[/SIZE][/SIZE][/SIZE][/SIZE][/SIZE][/SIZE]
attempting currently
Masters in counseling
[SIZE="1"][FONT="Arial Narrow"]tesc credit banked
FEMA IS courses- alot
Aleks completed-many of them
Cleps:Spanish 67
Associates in psychology UOP
TESC BA in psychology[/SIZE][/SIZE][/SIZE][/SIZE][/SIZE][/SIZE]
attempting currently
Masters in counseling
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