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Office of Financial Aid & Educational Financing Form
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People also ask
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Do you have to pay back financial aid if you don't finish college?
You're on the hook for repayment whether you complete or not. Scholarships and grants are scholarships and grants. They don't have to be repaid and it doesn't matter whether you complete or not since they are awarded on an academic year (sometimes semester) basis. -
How do I check my FAFSA debt?
StudentAid.gov is the U.S. Department of Education's comprehensive database for all federal student aid information. This is one-stop-shopping for all of your federal student loan information. At StudentAid.gov, you can find: Your student loan amounts and balances. -
Is FAFSA an educational loan?
The FAFSA is not a loan. It is an application form. However, you can use the FAFSA to apply for financial aid and federal student loans. The FAFSA, or Free Application for Federal Student Aid, is used to apply for several types of financial aid, including grants, student employment and federal student loans. -
Do I have to pay back FAFSA refund?
This depends on whether the refund comes from a loan or a source of free money, like a grant or scholarship. Loan refunds are extra debt, and you don't want extra debt. Work with your school's financial aid office to return the excess to minimize your student loan debt later. -
How do I know if my student loans are Department of Education loans?
If the name of your servicer starts with “Dept. of Ed” or “Default Management Collection System,” your FFEL or Perkins loan is federally managed (i.e., held by ED). The “My Aid” section will also show you the servicer(s) for your loans. -
What type of financial aid must not be paid back?
A grant is a form of financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don't complete your service obligation). -
Is FAFSA free money or a loan?
However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid. -
Do you have to pay back financial aid?
Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments.
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