College Financial Aid / AAS arrest

[Immortal Soldier]

Kudos bro, that's a great help thank you so much! You just took a huge load of my chest bro! Not sure if you know this either, but have you heard of students using financial aid to cover living expenses?

A friend of mine took out an extra 6k to pay his for his lease at an apartment 10 miles away from campus for his last year of college. If that's a possibility I'd definitely do that...it would be nice to take a slight breather this year after doing full time work and full time school and just do part time work.

Edit: I was going to submit this tonight just to get it started....GLAD I DIDN'T!!! If I am convicted of selling or possessing drugs after submission I will become ineligible more than likely. I should probably wait until this case is over with lol

You can use the fiancial aid for just about everything.

What they do is either:

A) Mail you a check

B) Transfer the money to your bank account

Grants = Free money

Federal loans = gotta pay it back

But they both work the same way they pay you the money and you spend it on whatever you need to (food, books, gas, classes, housing, laptop, etc.) The money is usually divided and given to you per semester. So if you get 3,000 dollars of aid for a year they give you 1,500 at the beginning of Fall semester and 1,500 at the beginning of spring.

It's not like they monitor what you do with the money once you get.

[RyanRoss]

You can use the fiancial aid for just about everything.

What they do is either:

A) Mail you a check

B) Transfer the money to your bank account

Grants = Free money

Federal loans = gotta pay it back

But they both work the same way they pay you the money and you spend it on whatever you need to (food, books, gas, classes, housing, laptop, etc.) The money is usually divided and given to you per semester. So if you get 3,000 dollars of aid for a year they give you 1,500 at the beginning of Fall semester and 1,500 at the beginning of spring.

It's not like they monitor what you do with the money once you get.

Thanks for all of the info man its greatly appreciated. I never knew how it worked because I just used my savings. I didn't want to have a huge lump of debt to pay off after graduating. I found out I'm eligible for a pell grant too. My family makes less than 20k in a year. My mother inherited her home and only pulls in about $800 a month. She's well off to where she doesn't have to work. Home and vehicle are paid for, but she's on a tight budget of $800 a month. Crazy I know. I read they give them out to people who's families make 40k or less, but they prefer less than 20k. Maybe I'll get lucky and get one of those too

[Immortal Soldier]

Thanks for all of the info man its greatly appreciated. I never knew how it worked because I just used my savings. I didn't want to have a huge lump of debt to pay off after graduating. I found out I'm eligible for a pell grant too. My family makes less than 20k in a year. My mother inherited her home and only pulls in about $800 a month. She's well off to where she doesn't have to work. Home and vehicle are paid for, but she's on a tight budget of $800 a month. Crazy I know. I read they give them out to people who's families make 40k or less, but they prefer less than 20k. Maybe I'll get lucky and get one of those too

You're probably gonna get maximum amount of aid in both grants and loans because I know people who's parents made less than 40K and they got maximum grant money and the maximum amount offered on loans..

[RyanRoss]

You're probably gonna get maximum amount of aid in both grants and loans because I know people who's parents made less than 40K and they got maximum grant money and the maximum amount offered on loans..

Do they look at savings and assets? My mother and fathers home is paid for because she inherited it, and owns her vehicle. She's a nice chunk of money saved, but shite income. Just wondering if they take that into consideration or if its solely just income

[Immortal Soldier]

Do they look at savings and assets? My mother and fathers home is paid for because she inherited it, and owns her vehicle. She's a nice chunk of money saved, but shite income. Just wondering if they take that into consideration or if its solely just income

It is based off your parent's tax return for that year (ie. 2008, 2009 tax return) so if savings and assets are included on a tax return than I assume it will affect it, but I am not certain. Either way you should get some money.

[RyanRoss]

It is based off your parent's tax return for that year (ie. 2008, 2009 tax return) so if savings and assets are included on a tax return than I assume it will affect it, but I am not certain. Either way you should get some money.

I wish I could give you some rep points or something. Or a bottle of test, bag of chicken, or tub of protein. You've been more than helpful bro. I owe you!!