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PenCapChewerOnner

Financial Aid

I have never had financial aid and am getting some now for the first time. However, I am confused at which ones are loans and which ones are grants. I have one called Federal Plus Parent Loan for 6000, but it is not listed on my loan page. Do any of you know anything about financial aid?
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chrisfaithalin

Yeah

It's a loan for the parents. If your parents can't afford it or don't want to take it out, I think you can talk the financial aid office at your school and see if you can take out more loans for yourself. Although the parent loans are pretty easy to pay off. I don't know what kind of payment plans your parents will be offered, but right now my family is paying $25 a month.
PenCapChewerOnner

Soooooo,,

So it is a loan for my parents to pay off or for me to pay off? I don't see the fairness in having them pay off my loans. Like, it seems odd to me.
chrisfaithalin

I think...

That should be a loan. That is what my parents have exactly, except for a smaller amount. That is a loan, and your parents should have to start paying it off after the first year of college is over. Like my parents just got their bill for the first payment a couple of days ago because the school year is over. Hope that helps a little.
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