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People also ask
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Why do I have to pay back my financial aid?
Students have to pay back financial aid if it is in the form of a loan, but they do not have to pay back grants, scholarships or money awarded through a work-study program. Students eligible for grants or scholarships should exhaust those options before taking out any loans, experts say. -
Do you have to pay back federal student 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. -
Is FAFSA a loan or free money?
It is not the financial aid itself. 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. There are three main types of financial aid. -
How do I contact FAFSA by phone?
For assistance using StudentAid.gov, contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243). -
Do FAFSA grants have to be repaid?
The federal government provides grants for students attending college or career school. Most types of grants, unlike loans, are sources of financial aid that generally do not have to be repaid. -
How do I speak to someone at Pheaa?
Contact Us 1-800-233-0751 Toll-Free (United States, Canada) 717-720-3400 (international) TTY: Dial 711 (for hearing and speech impaired) -
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. -
Is PA State grant first come first serve?
You may also contact your school for more information. Awards will be provided to students who apply and are qualified on a first come, first served basis, based on the date we receive your completed eligible application, until all program funding has been exhausted.
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