Comments on: If I have been approved for a federal grant, do I need a loan in order to recieve the grant money? http://federalrelayonline.com/if-i-have-been-approved-for-a-federal-grant-do-i-need-a-loan-in-order-to-recieve-the-grant-money/214/ Government Info for Consumers Fri, 10 Sep 2010 08:59:52 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Woelfe http://federalrelayonline.com/if-i-have-been-approved-for-a-federal-grant-do-i-need-a-loan-in-order-to-recieve-the-grant-money/214/comment-page-1/#comment-102 Woelfe Wed, 29 Apr 2009 07:01:05 +0000 http://federalrelayonline.com/if-i-have-been-approved-for-a-federal-grant-do-i-need-a-loan-in-order-to-recieve-the-grant-money/214/#comment-102 Only in rare circumstances will a loan be tied to a grant requiring you to take out both. If this was the case it would have been explained to you in detail. Double check with your aid office to be sure. You don't mention what type of grant or loan you have so it is going to be hard for us to tell. If it is a Pell grant and a Stafford loan, then NO, you do not have to take the loan to get the grant. Only in rare circumstances will a loan be tied to a grant requiring you to take out both. If this was the case it would have been explained to you in detail. Double check with your aid office to be sure. You don’t mention what type of grant or loan you have so it is going to be hard for us to tell. If it is a Pell grant and a Stafford loan, then NO, you do not have to take the loan to get the grant.

]]> By: ★★★ Katharine ♥♥♥♥ http://federalrelayonline.com/if-i-have-been-approved-for-a-federal-grant-do-i-need-a-loan-in-order-to-recieve-the-grant-money/214/comment-page-1/#comment-101 ★★★ Katharine ♥♥♥♥ Mon, 27 Apr 2009 16:12:12 +0000 http://federalrelayonline.com/if-i-have-been-approved-for-a-federal-grant-do-i-need-a-loan-in-order-to-recieve-the-grant-money/214/#comment-101 No - you don't need a loan - they just figure how much of a grant you can get - If you get the loan - and choose not to use all the money - let them know beforehand (the loan company) that you don't need that much money.. So - the school is just figuring how much they think you will need for school - so, they give you so much grant - and tell you how much of a loan you CAN get if you need it. No - you don’t need a loan - they just figure how much of a grant you can get - If you get the loan - and choose not to use all the money - let them know beforehand (the loan company) that you don’t need that much money..

So - the school is just figuring how much they think you will need for school - so, they give you so much grant - and tell you how much of a loan you CAN get if you need it.

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