Understand your financial aid

By xblackmindx on Thursday, January 29, 2009
Filled Under: Financial

Your financial aid package is a big deal. Make sure you know what you have to do to keep the money coming! Read the information about your financial aid carefully, and then file it in your “Financial Aid” folder.

Some scholarships, for example, require you to maintain a certain grade point average or to take part in events sponsored by the organization that awarded you the money. If you have a work-study job, there may be a requirement that says you can’t work somewhere else. Loans have very specific obligations. Some lenders will require you or your parents, to start repaying the loan right away. Others will allow you to start payments six months after you graduate. It’s up to you to keep track of these things.