What does the 20k grant mean?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
GermX
Posts: 562
Joined: Tue Feb 16, 2010 5:24 pm

What does the 20k grant mean?

Postby GermX » Wed Jun 02, 2010 1:32 pm

I got a 20k grant law school tuition grant from George Washington Law School. Does that mean this is 20k I don't need to pay back or anything out of my 70k loan? Because of it is, that is fucking amazing.

GermX
Posts: 562
Joined: Tue Feb 16, 2010 5:24 pm

Re: What does the 20k grant mean?

Postby GermX » Wed Jun 02, 2010 1:50 pm

Anybody?

R4NDM H3RO
Posts: 24
Joined: Mon May 03, 2010 9:25 pm

Re: What does the 20k grant mean?

Postby R4NDM H3RO » Wed Jun 02, 2010 1:53 pm

Yes. That's what a grant is.

User avatar
cardinalandgold
Posts: 554
Joined: Tue Nov 25, 2008 6:00 pm

Re: What does the 20k grant mean?

Postby cardinalandgold » Wed Jun 02, 2010 1:53 pm

I would imagine a grant would be something you didn't need to pay back, at least that was the case for grants I received in undergrad. Just to be sure, I would contact GW Financial Aid to get it straight from them.

GermX
Posts: 562
Joined: Tue Feb 16, 2010 5:24 pm

Re: What does the 20k grant mean?

Postby GermX » Wed Jun 02, 2010 1:54 pm

^ Yeah I will. Man I didn't expect to get this much from them, that's pretty awesome.

Yes. That's what a grant is.


Sweet =D!!!!!

User avatar
StrictlyLiable
Posts: 214
Joined: Tue Dec 29, 2009 1:34 pm

Re: What does the 20k grant mean?

Postby StrictlyLiable » Wed Jun 02, 2010 1:59 pm

Well that doesn't make sense? Is it a scholarship or grant?

03121202698008
Posts: 3002
Joined: Fri Jul 17, 2009 2:07 am

Re: What does the 20k grant mean?

Postby 03121202698008 » Wed Jun 02, 2010 1:59 pm

GermX wrote:I got a 20k grant law school tuition grant from George Washington Law School. Does that mean this is 20k I don't need to pay back or anything out of my 70k loan? Because of it is, that is fucking amazing.


Seriously, you have 500 posts and don't know how a scholarship works? If you have a grant, and meet any stipulations they impose like grades, then it is applied to your student budget and reduces what you have to borrow.

User avatar
Bert
Posts: 458
Joined: Mon Mar 22, 2010 12:37 pm

Re: What does the 20k grant mean?

Postby Bert » Wed Jun 02, 2010 2:02 pm

Another question to ask them is whether the grant will be available for all three years (so that you can plan your future finances) -- some schools do not commit to making "grant money" available for all three years, whereas they commit to making "scholarship money" available so long as the scholarship requirements are met each year.

User avatar
najumobi
Posts: 1111
Joined: Thu Apr 24, 2008 12:36 pm

Re: What does the 20k grant mean?

Postby najumobi » Wed Jun 02, 2010 2:10 pm

StrictlyLiable wrote:Well that doesn't make sense? Is it a scholarship or grant?
grants are usually needbased money you don't have to pay back and scholarships are usually based on merit and also don't have to be paid back.

User avatar
StrictlyLiable
Posts: 214
Joined: Tue Dec 29, 2009 1:34 pm

Re: What does the 20k grant mean?

Postby StrictlyLiable » Wed Jun 02, 2010 2:23 pm

[/quote]grants are usually needbased money you don't have to pay back and scholarships are usually based on merit and also don't have to be paid back.[/quote]

Okay that makes sense now. I haven't read many posts dealing grants separate from scholarships so I wasn't sure. Thanks

JOThompson
Posts: 1311
Joined: Sun Aug 02, 2009 3:16 am

Re: What does the 20k grant mean?

Postby JOThompson » Wed Jun 02, 2010 2:26 pm

Grants need not be repaid. Congrats, GermX.

GermX
Posts: 562
Joined: Tue Feb 16, 2010 5:24 pm

Re: What does the 20k grant mean?

Postby GermX » Wed Jun 02, 2010 2:32 pm

Thanks=)




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest