Loans and Negotiation Timeline

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
User avatar
soca_dancer

Bronze
Posts: 177
Joined: Wed Aug 09, 2017 7:13 am

Loans and Negotiation Timeline

Postby soca_dancer » Sat Nov 25, 2017 7:56 pm

Hi all,

I received a scholarship offer from one of my lower-tiered schools and I would like to negotiate with my higher-tiered schools, so I can increase the amount and make it a more viable option.

However, the lower-tiered school also advises to complete loan application as soon as possible. I received a full scholarship to my undergrad and masters program, so I am unfamiliar with loans. If I submit a loan application does this equal me accepting the current scholarship amount? Can someone please inform me of how both of these processes work - concurrently?

cavalier1138

Gold
Posts: 4954
Joined: Fri Mar 25, 2016 8:01 pm

Re: Loans and Negotiation Timeline

Postby cavalier1138 » Sat Nov 25, 2017 8:11 pm

Your FAFSA is usually totally separate from merit scholarship processing. Unless your paperwork said "By signing this form or by submitting a FAFSA report to [school], you are agreeing to matriculate, etc.," you're fine.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest