So, I wanted to start back to school because I didn’t take college seriously when I was younger. I got the Pell Grant, but dropped out before completing anything. When I went to apply for college again, they informed me that I could not attend until the IRS received full payment. I now have the money to pay the IRS, but the deadline for application for Spring semester is December 25. I plan on making the payment tomorrow, but I’m scared that the payment won’t post in enough time for me to fill out the application, etc. before the 25th and to get enrolled in time.
Anyone been through this or know how quickly the IRS lets the school know the money has been paid? I really don’t want to wait until the Fall to start.
Are you sure that pay back tge IRS or do you have to repay the school who then has to repay the federal government (the department of education not the IRS)
This is not a tax issue so I don’t understand how the irs is involved. Go to your butsar’s/financial aid office today before you make the payment
Now if you owe the IRS and you must pay them to get a tax transcript, then that is a different issue.
It sounds like this is a federal overpayment that you owe, so @sybbie719 would be correct - you most likely owe the Department of Education (ED). If you have a federal overpayment, you cannot regain federal student aid eligibility until you have repaid the entire amount owed. Once you do that, you have to obtain proof that you have regained Title IV aid eligibility & give the letter to your school’s financial aid office. No aid until then. You’ll want to drop off or fax the letter to the school as soon as you get it, because they can’t disburse any aid before they get the letter.