Comments on: grants to pay off college loans ? http://www.collegescholarshipessentials.com/college-grants-and-loans/grants-to-pay-off-college-loans All About scholarships Sun, 18 Sep 2011 18:20:21 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: rachiti http://www.collegescholarshipessentials.com/college-grants-and-loans/grants-to-pay-off-college-loans/comment-page-1#comment-222 rachiti Fri, 07 Aug 2009 00:27:59 +0000 http://www.collegescholarshipessentials.com/college-grants-and-loans/grants-to-pay-off-college-loans#comment-222 Once you've graduated, you're stuck with the bill. Grants are not retro-active since, when you took the credits, you were living at home that's the basis for that loan amount. Also, since you've graduated you're not even eligible for grants period. I know this because I went back to get certified to teach and once you have an undergrad degree, you're not eligible for any grants period (that's according to the financial aid department at my college). It's a shame that your parents aren't willing to help you out, but the government just says, basically, that's the family's problem not theirs. What you can do if you haven't already is: consider consolidating your loans. When you do that you can extend your repayment plan so that you have a longer period to repay the loans and smaller monthly payments. Overall you end up paying more, but it means you'll have more money month to month to help pay for raising your child.<br><b>References : </b><br> Once you’ve graduated, you’re stuck with the bill. Grants are not retro-active since, when you took the credits, you were living at home that’s the basis for that loan amount. Also, since you’ve graduated you’re not even eligible for grants period. I know this because I went back to get certified to teach and once you have an undergrad degree, you’re not eligible for any grants period (that’s according to the financial aid department at my college).

It’s a shame that your parents aren’t willing to help you out, but the government just says, basically, that’s the family’s problem not theirs.

What you can do if you haven’t already is: consider consolidating your loans. When you do that you can extend your repayment plan so that you have a longer period to repay the loans and smaller monthly payments. Overall you end up paying more, but it means you’ll have more money month to month to help pay for raising your child.
References :

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