Financial Aid.. Student Loan & Grant question (UofP)?

Oct 06

Mark SingleyStudent Loans Q&A , , , , , , , , , , 1 Comment

I’m a new student at the University of Phoenix I started there May 25th and got loans and a grant to pay for all my schooling. I received a check for my remainder of my loan that was left over and I’ve been expecting a check for my grant which hasn’t come yet. I live in Seattle, WA and the check was mailed Friday June 5th and today is Friday June 12th. For those of you who have gotten grant checks before how long does it usually take? I got my loan check on Monday in the mail. I figured my grant should of been here by now since its only being sent from Arizona.
I was told by my adivsor that I have ,366 check coming to me for the remainder of my money for the semster or quarter whatever UofP goes by.
If it helps at all my loan covered my schooling for the this disbursement I got under 0 back out of the ,000 i got for it plus an extra ,366 for my grant according to my letter from FSFA. And on teh site it says I have a refund of ,366 which is my grant under my account info on my school site.

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One Comment (+add yours?)

  1. Suddenly Human
    Oct 06, 2009 @ 01:33:54

    Your money goes to the school (grants, loans, alternative loans, etc) and applied to your tuition and fees for that semester or quarter or whatever in the heck UoP does. All the money is placed into your account and applied to your balance. So you don’t get a separate loan check and a seperate grant check you just get what is left over each semester or quarter or whatever.

    One check, per quarter. You do not get a separate amount for each kind of fin aid you get. So your grant I’m sure was used to pay for the tuition and fees you owe… as was part or most of the loans. Example: you get a Pell grant of 2,000 and a loan of 3,000 per semester/quarter, whatever, but the school only sends you a check for 900 dollars because the other 4,100 dollars went to your classes and fees.

    Personally, I’d look into going to a cheaper school. You can attend a perfectly good school at about the 10th of the cost (even attend online). Those for profit schools have a way of confusing their students into thinking they are getting a good deal, because they don’t realize they can attend practically FREE at a NOT FOR PROFIT school if they qualify for the full Pell grant. No loans!!

    Did you know it costs more to attend UoP than it does Harvard? Wouldn’t you rather have your degree from Harvard if you can truly afford harvard?

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