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re: Operation Red Dog II
Posted on 2/15/13 at 3:42 pm to Bellabama
Posted on 2/15/13 at 3:42 pm to Bellabama
quote:
It's NOT hard to qualify for student loans. And you can get them to write you a check directly to you. Nothing about a student loan requires that you use the money for tuition. So you can just get a check at the beginning of the semester for a few thousand dollars to do with what you want, and not have to worry about paying it back until after college.
If its federally guaranteed, it goes through the school first through, right?
And the school refunds to the student any parts of the loan not used on tuition and fees?
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Posted on 2/15/13 at 3:47 pm to beatbammer
quote:
And the school refunds to the student any parts of the loan not used on tuition and fees?
That's how I got paid in college. Full ride plus Pell/SMART grants because my family is poor and putting 3 kids through college.
Posted on 2/15/13 at 3:48 pm to beatbammer
Pell grants are wierd on the rules, but can be used for other stuff. Athletes can get around 17k-19k a year with schollies available. But that is also based upon need and includes housing and food money as well. You have to have a pretty poor family to get it all. That's a decent amount of money but you also have to live off that because you can't get a job.
Posted on 2/15/13 at 3:50 pm to beatbammer
quote:
If its federally guaranteed, it goes through the school first through, right?
And the school refunds to the student any parts of the loan not used on tuition and fees?
Some loans do.
Pell Grants don't. Basically, the gov. just gives a $5k check to the player each year and he spends it on whatever he wants (a new Dodge Charger, new set of rims, etc.)
Posted on 2/15/13 at 3:51 pm to beatbammer
quote:Yes, any parts not used on tuition, fees, and remaining balances on your student account. If you paid any part of your student account with a credit card prior to disbursment, they will also credit that amount back to the credit card.
If its federally guaranteed, it goes through the school first through, right?
And the school refunds to the student any parts of the loan not used on tuition and fees?
Technically, the loan agreement says that you won't use the money for anything not related to school and school-related living expenses. To be honest, I used a portion of one of my loans to go to a bowl game one year and to put new tires on my truck another year. Technically, those weren't strictly school-related expenses and I wasn't supposed to do that.
I don't know what all the scholarships cover besides dorm fees, tuition, and books, but there are a good many other associated costs that any student athlete would have to pay and, therefore, need a student loan to cover: parking fees, activity fees, user fees, and even food (they're limited on how many school-purchased meals they can have), for example.
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