Hey all,
I'm relatively unfamiliar with the whole loan process, so I apologize in advance for the naive question. But, as the title says, when do I get my aid?
The school I will attend has not contacted me with a package, despite my filling out the FAFSA and their form well over 3 months ago. Regardless, as my family and I are not wealthy, I am assuming that I will qualify for the $37,500 in Stafford loans, which should cover my total state school costs. How is this paid to me? Is it in one big chunk? Or, is it given evenly over a period of 12 months?
The reason I ask is, I want to move into my apartment in about a month. My parents will loan me the money for the security deposit, but I'm gonna have to come up with about $1000-1200 a month for rent, which I can do for about a month by my job, but not much more than that. How will this be possible if I've not received any aid?
I appreciate your help.
I'm relatively unfamiliar with the whole loan process, so I apologize in advance for the naive question. But, as the title says, when do I get my aid?
The school I will attend has not contacted me with a package, despite my filling out the FAFSA and their form well over 3 months ago. Regardless, as my family and I are not wealthy, I am assuming that I will qualify for the $37,500 in Stafford loans, which should cover my total state school costs. How is this paid to me? Is it in one big chunk? Or, is it given evenly over a period of 12 months?
The reason I ask is, I want to move into my apartment in about a month. My parents will loan me the money for the security deposit, but I'm gonna have to come up with about $1000-1200 a month for rent, which I can do for about a month by my job, but not much more than that. How will this be possible if I've not received any aid?
I appreciate your help.