Loans = unsub $2,000
sub $5,500
total = $7500
Unpaid tuition =$2,859.30
Reaminder from loans = $4,640.70
How much of the remainder will I actually receive though? This is my first time receiving loans. I used Pell Grants for everything when I was in CC now I’m at a University.
Your sub and unsub loan totals sound like the annual amount, for the entire aid year.
Is the unpaid tuition amount for just the fall term?
If so, then the semester/term loan amount would be $3,750, and after tuition you would be due $890.07. You would have $3,750 in loans available for the spring term.
It depends on your school how they will disburse your refund - some have automatic deposit available, others cut a check you can deposit. Many schools also wait for a specific date to do refunds (sometimes after an add/drop period). Your school’s bursar or business office should have information on their website, or be available to help you.