Repaying a Grant Overpayment Debt

Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Academic Competitiveness Grants and National Science and Mathematics Access to Retain Talent Grant (National SMART Grants). Once a school notifies you that you must repay part of a grant, you will have 45 days [...]

Posted on January 22, 2010 at 4:48 pm by admin · Permalink · Leave a comment
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Why You May Have to Repay Part of a Grant

Unlike loans, grants do not usually have to be repaid. However, there are two reasons why you may have to repay part of a Federal grant:
1) The amount given to you was more than you were eligible to receive (this is called an over-award). This can happen if the school makes an error when calculating [...]

Posted on January 22, 2010 at 4:46 pm by admin · Permalink · Leave a comment
In: Student Loans · Tagged with: ,