Understanding your Financial Aid Award Letter (financial aid offer)

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  • เผยแพร่เมื่อ 1 ม.ค. 2025

ความคิดเห็น • 88

  • @myrao819
    @myrao819 7 ปีที่แล้ว +65

    I SOOOOOOOO NEEDED THIS VIDEO!!!!! THANK YOU!!

    • @Edspira
      @Edspira  7 ปีที่แล้ว +3

      Awesome. Thanks for watching Myra!

    • @guardiandogoargentinos1385
      @guardiandogoargentinos1385 4 ปีที่แล้ว

      @@Edspira can i get some one on one help via email? I have brain damage and I just want to take these beekeeping courses and try to make some money off of grants simultaneously so I can get a car but it's hard for me to figure out simple things like paperwork....Things that stress me out kind of black out my consciousness. I've been trying to figure all this out for a few years believe it or not. Everyone i ask for help doesn't know how to help and I'm not gettin too far on my own sadly...

  • @jerryspann8713
    @jerryspann8713 6 ปีที่แล้ว +41

    But how do you accept these grants.

    • @cloudgamer178
      @cloudgamer178 4 ปีที่แล้ว +21

      You click accept

    • @realballer6106
      @realballer6106 3 ปีที่แล้ว +1

      @@cloudgamer178 😂

    • @2kelhadj215
      @2kelhadj215 3 ปีที่แล้ว

      @@cloudgamer178 😭😭😭

    • @AnthonySmith-tz3kh
      @AnthonySmith-tz3kh 3 ปีที่แล้ว +7

      Grants are normally accepted automatically since they are “free money” you don’t have to do anything

  • @krishpatel9873
    @krishpatel9873 4 ปีที่แล้ว +8

    I have millennial parents that dont know anything this was very helpful

    • @jordanconstantino10
      @jordanconstantino10 4 ปีที่แล้ว +6

      Try explaining this to my boomer parents that didn’t finish high school. Ughhh

  • @Gserrano27
    @Gserrano27 5 ปีที่แล้ว +45

    *REJECTS SCHOLARSHIPS TO ASSERT DOMINANCE*

  • @glittergoldandglam
    @glittergoldandglam 6 ปีที่แล้ว +8

    This helped a lot. Thank you for posting this. It answered a lot of my questions.

  • @ceca1113
    @ceca1113 6 ปีที่แล้ว +8

    When you just starting collage did financial aid pay first payment or I should pay then they send me money??

  • @jillh1731
    @jillh1731 6 ปีที่แล้ว +6

    Great video, thank you!!! Question...what are the options for the unmet needs, besides the parent loan?

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      In some cases you may be eligible for a PLUS loan (check with your financial aid office to verify). But the most common option if for the student to get a part-time job

  • @Dermetsu
    @Dermetsu 5 ปีที่แล้ว +20

    I really wish I got 25k in grants and scholarships for two terms hahaha.

  • @justjesss9051
    @justjesss9051 5 ปีที่แล้ว +6

    Wow this is really informative. Thank you so much for this video

  • @taybandssss
    @taybandssss 6 หลายเดือนก่อน

    Thank you for this financial aid break down

  • @kanwalshahzadi2991
    @kanwalshahzadi2991 5 ปีที่แล้ว +3

    What does no pending aid mean even i registered for classes and i dont have any charges but still why my facsa is not in pwnding

  • @dmeads5663
    @dmeads5663 5 ปีที่แล้ว +7

    I’m still kinda confused about the federal work study loan.

    • @Edspira
      @Edspira  5 ปีที่แล้ว +4

      Here's a video that covers that topic in more depth:
      www.edspira.com/topic/federal-work-study/

    • @casswright9189
      @casswright9189 4 ปีที่แล้ว +3

      Work-Study is not a loan. It's an opportunity for you to work on either the campus or the community. You have to check with the financial aid office to see if you qualify for a work-study job.

    • @dmeads5663
      @dmeads5663 4 ปีที่แล้ว

      Cass Wright bro you’re way late, I’ve known this for a while now.

  • @i.c.stupidpeople4590
    @i.c.stupidpeople4590 6 ปีที่แล้ว +4

    Federal Perkins loan is no more...

  • @nicole8578
    @nicole8578 4 ปีที่แล้ว +2

    accepting doesn’t mean you’re committing to the school right?

  • @tiptip5491
    @tiptip5491 6 ปีที่แล้ว +4

    This information was so helpful. Thank you!😊

  • @_danieljr
    @_danieljr 6 ปีที่แล้ว +17

    Ok so I accepted 11k in grants specifically. I’m nervous if there’s a catch because I find it so unreal to have 11k for free. I’m enrolled in 12 units and my CSU does quarter system. If I wanted to drop for winter quarter before classes started. Will I have to pay back?

    • @yaboycody4633
      @yaboycody4633 6 ปีที่แล้ว +9

      Grants are free my guy

    • @noelblackwell1908
      @noelblackwell1908 5 ปีที่แล้ว +3

      If they applied the money to the quarter you are enrolled in and want to drop then yes, u will have to pay that portion back. And if you don’t they will not offer you any more grants until you do. But once you do they freely offer it to you again. Hope that helps!

    • @christianstadler6099
      @christianstadler6099 3 ปีที่แล้ว

      Don’t drop

  • @mikelowry5061
    @mikelowry5061 6 ปีที่แล้ว +6

    you say if you "accept" these grants... yet how do you accept them or know what you're being offered?

  • @mixtapemania6769
    @mixtapemania6769 5 ปีที่แล้ว +1

    So nothing bad happens if you reject, right? They won't stop offering you aid for following semesters?

  • @a1fraydough
    @a1fraydough 5 ปีที่แล้ว +1

    Bro so simply explained. Thank you!

  • @DestinySerrano
    @DestinySerrano 5 ปีที่แล้ว +4

    Does anyone know how to accept the Pell Grant? I have no idea about any of this. I got offered a cal grant and a Pell Grant! But I don’t know how to accept them!!!

    • @Edspira
      @Edspira  5 ปีที่แล้ว +2

      You should receive a financial aid award letter from your university, with options to accept or reject each type of aid you are being offered. If you haven't received this, contact your university's financial aid office to ask for your financial aid award letter

    • @lovedallas2112
      @lovedallas2112 4 ปีที่แล้ว +1

      You need to log in to your schools app. You should have recieved and ID number to create your account. Then you log in and go from there.

    • @DestinySerrano
      @DestinySerrano 4 ปีที่แล้ว +1

      Chloe Love I got it lol, with my school you just automatically get it unless you reject it. Thank you!

    • @lovedallas2112
      @lovedallas2112 4 ปีที่แล้ว

      @@DestinySerrano lol..of course you got it! I didn't even realize this was a year ago!!😂
      Goodluck w your school!👍

  • @lauraelshire3725
    @lauraelshire3725 7 ปีที่แล้ว +8

    that's a way to understand it easy

  • @theonegreyjoy7403
    @theonegreyjoy7403 6 ปีที่แล้ว +1

    Thank you so much! This is much needed! Thank you!

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      No problem. I wish you the best!

  • @Lion-og5ey
    @Lion-og5ey 4 ปีที่แล้ว +2

    Do you get the award letter after you say your going to the college

    • @naomimcgregor4409
      @naomimcgregor4409 4 ปีที่แล้ว +1

      Lion 123 normally colleges send your award letter along with your acceptance letter

  • @nicolesanchez9908
    @nicolesanchez9908 5 ปีที่แล้ว +1

    I have a question, when I pay for my tuition with a meal plan and housing what does that mean travel and books I don’t have to pay?

  • @kanwalshahzadi2991
    @kanwalshahzadi2991 5 ปีที่แล้ว

    I did took off fall smester amd since i m freshman i m starting my college this spring smester

  • @Robert-dx7rj
    @Robert-dx7rj 3 ปีที่แล้ว

    I received a letter from Dept. of ED. saying my school intends to distribute this net amount on May 19th 2021. It's not in my account and their negative signs where positive signs should be. Help!

  • @hughballs
    @hughballs 5 ปีที่แล้ว

    Please reply , I filled out the other fafsa for dreamers when will I get results

  • @moonchildx389
    @moonchildx389 5 ปีที่แล้ว +2

    if i already got my award letter but i applied to scholarships that won't be awarded until the summer, will they be added later on or did I need to wait before accepting the initial awards?

    • @jungkookthegoldenmaknae1237
      @jungkookthegoldenmaknae1237 4 ปีที่แล้ว +1

      hi, so do you know?

    • @moonchildx389
      @moonchildx389 4 ปีที่แล้ว +1

      @@jungkookthegoldenmaknae1237 they would be awarded to you for the fall term and should be automatically added. If there's any issue you just need to show the financial aid office at your uni your award letter and they should fix it.
      But my scholarships were automatically added (:

    • @jungkookthegoldenmaknae1237
      @jungkookthegoldenmaknae1237 4 ปีที่แล้ว +1

      @@moonchildx389 thanks

  • @erickpeculiar823
    @erickpeculiar823 4 ปีที่แล้ว

    Thank you for making this video. It was very helpful

  • @clarisse2410
    @clarisse2410 5 ปีที่แล้ว +2

    THANK YOU SOOOO MUCH FOR THIS !!!

  • @soylayazz12
    @soylayazz12 3 ปีที่แล้ว

    Thank you so so so so much for this information, I greatly appreciate it!

  • @estefanyrobles957
    @estefanyrobles957 5 ปีที่แล้ว

    If you reject the loans will they offer you more aid

  • @soylayazz12
    @soylayazz12 3 ปีที่แล้ว

    I got confused on the last 10 seconds.... So, if my need is not fully met... I pay the left over plus EFC???? wasn't EFC already deducted from the total need???? Please answer me... Thanks so much!

    • @maryanngomes2949
      @maryanngomes2949 3 ปีที่แล้ว +1

      That’s what I’m confused about

    • @soylayazz12
      @soylayazz12 3 ปีที่แล้ว

      @@maryanngomes2949 I was looking for more information and I am pretty sure that's how it goes. Leftover plus EFC needs to be pay. If no leftovers than EFC is the only amount to pay. Let's hope they answer us.

  • @luceroblume
    @luceroblume 4 ปีที่แล้ว

    What about for a grad student?

  • @kimberlyjohnston8099
    @kimberlyjohnston8099 5 ปีที่แล้ว +1

    As per U.S. News & World Report Arianne Hutchins (July 24, 2019) the Perkins loan no longer exist.

  • @shomoy7396
    @shomoy7396 5 ปีที่แล้ว +4

    Yo can someone help me. The school website on financial aid is telling me that for fall 2019 I got amount awarded $3097 but amount Disbursed $1549 . So is the school going to keep the rest of the money or what.

    • @Pinkbubble
      @Pinkbubble 5 ปีที่แล้ว

      Shomoy Scott same situation happen to me did you find out why that happened if so could
      You inform me too

    • @nellyhatesjelly
      @nellyhatesjelly 5 ปีที่แล้ว +4

      The award is separated per semester!

    • @heavensangel21.
      @heavensangel21. 3 ปีที่แล้ว

      Did you figure it out?

  • @rjtheripper931
    @rjtheripper931 6 ปีที่แล้ว +3

    Why do they base your financial aid on your parents income and not your own?

    • @tajfoushee9693
      @tajfoushee9693 6 ปีที่แล้ว +4

      Until your 25 or independent situation you are under your parents responsibility. Check with your college to see there rules.

    • @cdh0879
      @cdh0879 6 ปีที่แล้ว +6

      To give you the least amount of aid possible

  • @majorslav8138
    @majorslav8138 3 ปีที่แล้ว +1

    I got a presidents scholarship, academic excellence. 84k, 21k per year.

  • @aafx3083
    @aafx3083 3 ปีที่แล้ว +2

    I’m very confused, my letter says the cost for me to attend the school is $25,000 but direct costs payable to my school is $22,604. So does that mean they’re covering that portion or i have to with the help of student loans ?

  • @Meow-cm7cx
    @Meow-cm7cx 5 ปีที่แล้ว

    Good video

  • @jvazquez_jjv
    @jvazquez_jjv 6 ปีที่แล้ว +2

    Thanks a lot

    • @Edspira
      @Edspira  6 ปีที่แล้ว +1

      No problem!

  • @ignauciowitherspoon1618
    @ignauciowitherspoon1618 5 ปีที่แล้ว +1

    play at 1.25x

  • @glitznailsbazaar3023
    @glitznailsbazaar3023 6 ปีที่แล้ว

    Does work study affect loans?

  • @amytru3606
    @amytru3606 ปีที่แล้ว

    If you dont graduate you WILl have to pay it back!!

  • @jcorrea6892
    @jcorrea6892 2 ปีที่แล้ว

    Can I hire you for an hour ? XD

  • @heavensangel21.
    @heavensangel21. 3 ปีที่แล้ว +2

    I’m so excited for my refund check, anyone else getting one? 😛

    • @thelifeofro5946
      @thelifeofro5946 3 ปีที่แล้ว

      I’m getting like 1k 😩. Can’t wait for that

    • @ppharaoh5421
      @ppharaoh5421 3 ปีที่แล้ว

      @@thelifeofro5946 how do you know how much you get

    • @thelifeofro5946
      @thelifeofro5946 3 ปีที่แล้ว

      @@ppharaoh5421 It shows a negative number in your student account. Also in your bank account, once they send it, it shows you the amount deposited

  • @servinxo
    @servinxo 2 ปีที่แล้ว

    If I was returned grant money and decided to do a work study is that classified as overpayment/overaward?