I have a Q about the Financial Aid docs in the mail

Colleges and Universities A-Z University of Illinois - Urbana-Champaign
1

<p>I'm assuming everyone that applied got their "Student Aid Award Letter" in the mail? I have a couple Q's because it isn't clear about some things:</p>

<ul>
<li>For Student Awards > "Fed Direct Loan Unsubsidized" it says the total = 3,500. Now, I don't know if I've been awared this i.e. a scholarship, or if it's just a regular loan that I have to pay back. </li>
<li>On the bottom it says to fax the form on the back to recieve "Unsubsidized Loan funds" so this means that if I fax it, I get 3,500 even though I don't remember doing anything for it?</li>
</ul>

<p>Because "loan" = must repay it
and "awards" = do not repay it</p>

<p>So I'm a bit confused -_- I did apply for a Study Abroad scholarship though, didn't recieve anything back that was specific to it though.</p>

2

<p>that's a loan.</p>

3

<p>Are you sure... because I applied for a scholarship from the school, for 3,500.
And that is how much that "loan" is - that can't be a coincidence!!</p>

<p>But it bugs me that they didn't notify me personally about winning it.</p>

4

<p>....well in my opinion it says LOAN so it has to be a loan. a scholarship is something you don't pay back. a loan you pay back. contact the financial aid office.</p>

5

<p>"Fed Direct Loan Unsubsidized" is a straight up loan. you must accept or reject it on the back of your award letter. it has nothing to do with the scholarship you applied for.</p>