<p>I got my UConn financial aid packet.
I am recieveing the following aid for my first year, both semesters:
Fed Sub Stafford Loan 3,500
Carl Perkins Federal Loan 1,600
Undergrad Work Study 1,800
Tuition Remission Grant 5,000
University Grant 2,000</p>
<p>The total is $13,900.</p>
<p>I know grants and work study is aid but how are the two loans aid since i have to pay them back anyway?</p>
<p>Linkin, what did you expect? When people were helping you choose schools you said money was not as issue. It stood out because money matters for all but the very wealthy and very few on CC claim to be that. Loans will be part of your package at 99.9% of schools (Princeton being an exception) and out of state publics are a terrible choice for low EFC out of state kids.</p>
<p>I know, I was just asking how they are aid kid, chill out.</p>
<p>The Stafford Loan is aid because the interest is subsidized (i.e., it is paid while you are in school). Interest does not start to accrue until 6 months after you graduate.</p>
<p>Basic types of financial aid can be divided into three categories: gift aid (grants, scholarships, and fellowships), loans, and employment.</p>