What if i dont  what student loans? Please help?

What if I refuse the loans on the fafsa? What if I dont want debt even though their need based loans?

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  • 4 months ago
    Favorite Answer

    You say no.

    Our girls were offered loans. They said no. They got some money in Pell grants, and we and they worked to make sure they graduated debt free.

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    • Quite right. It can happen this way, but remember that every student has their own financial information. Even siblings can differ. The cost of the school matters. Glad you figured this out. No kid needs to be tens of thousands of dollars in debt at age 22. 

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  • 3 months ago

    You don't have to take on any debt you don't want to. Simply pay cash to your university instead of taking out loans. The FAFSA just shows what you qualify for, not what you have to take.

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    • Not true. You don't need to see the FAFSA again. You will get the results via mail and e-mail if desired. The results are called the Student Aid Report (SAR). This will tell you if you may qualify for Pell Grant, an EFC and if you are selected by the government for verification. Need FAO to get #s.

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  • RICK
    Lv 7
    4 months ago

    So don't accept thm

    They are not mandatory

    • martha4 months agoReport

      So can you get a grant instead depending on income?

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  • Anonymous
    4 months ago

    A need based loan is just that...a need based loan. That you still need to repay at some point. BEWARE. You'll probably be paying for the rest of your life and from beyond the grave. Don't be fooled by the word "need". The ones who need them most are the ones who are least likely to be able to repay them and will wind up suffering in a perpetual cycle of hardship and severe poverty...

    • John4 months agoReport

      How long it takes to pay it back depends on the payment plan you choose.  I got mine paid off in 10 years, with no trouble at all.  If you make smaller payments under a different payment plan it would take much longer, for sure.

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  • Pearl
    Lv 7
    4 months ago

    you could try for grants or scholarships

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  • 4 months ago

    Loans aren't mandatory.

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  • .
    Lv 7
    4 months ago

    Then refuse. It's totally your decision. My oldest son takes all the subsidized loans he can get and invests the funds. My younger son simply declines the loans.

    Nobody is forcing you to go into debt.

    • di
      Lv 4
      4 months agoReport

      subsidized loans are for educational expenses, not investment purposes... your son actually signed a statement attesting to the fact that he will use the funds for educational expenses ONLY: his action is in violation of Title IV aid regulations.

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  • Greg
    Lv 7
    4 months ago

    So do not accept the loans. What answer are you seeking?

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    • John4 months agoReport

      You have asked this question about a hundred times. The answer is STILL the same, and will continue to be. You cannot haggle your financial aid. You are offered what you qualify for. If you don't want it, then you figure out a way to come up with tens of thousands of dollars on your own. Period.

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