0
You typically do not have to pay back a grant, as it is considered "free money" awarded based on financial need or other criteria. In contrast, a student loan must be repaid, usually with interest, after you graduate or drop below half-time enrollment. Therefore, grants are more advantageous for students seeking financial assistance for their education.
What else can I help you with?
What difference does it make if you get a grant or a loan?
You have to pay back the loan with interest.
When do you have to pay back money you received from a grant?
You don't ! A grant is a 'gift' - not a loan.
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
When do you have to pay back a private student loan?
Since private student loans are given by various private companies, the time available to pay them back is going to vary by the company holding the loan as well as the amount borrowed and other terms within the contract of the loan.
If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?
If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.
How does a loan and a grant are different?
A loan you usually have to pay back and with a grant as long as you stay within the criteria to have it, you don't have to pay it back.
Can you have a student loan but not pay it back?
None. The definition of loan is something that is only yours temporarily and has to be returned. If you are asking what kind of FUNDING is available that doesn't need repayment - then you are looking for GRANTS - such as a Pell Grant or GI BIll Grant or other grant - OR SCHOLARSHIPS - such as those given to particular people, you can search for them and may get them based on you and or your circumstances.
What difference does it make if you get a grant or a loan?
You have to pay back the loan with interest.
Can you get a grant to pay off a student loan?
Yes, some grants can be used for that.
What is a cash grant?
a cash grant is like a loan but you don't have to pay them back
When do you have to pay back money you received from a grant?
You don't ! A grant is a 'gift' - not a loan.
What is cash grant?
a cash grant is like a loan but you don't have to pay them back
Do you have to pay back my student loan if a forget to defer it and now in arrears?
dude...I'M not paying back YOUR student loan...cheapskate.
What are the disadvantages of having a student loan?
You have to pay it back, with interest.
Do you have to pay back student loan if you withdraw passing?
Regardless of academic status, if someone gives you money in the form of a loan, you must pay them back.
If you live overseas do you still have to pay back your student loan?
yes.
