Pell Grant and Stafford Loan?

Paying for College
1

<p>I have been awarded a Pell Grant for my next semester. It won't cover my expenses and I was thinking about a Stafford Loan. If I accept the loan, will my tuition still be paid from the Pell Grant? Would accepting the Stafford Loan be a good decision?</p>

2

<p>

Yes, the school won’t reduce your Pell Grant if you’re getting the Direct Loans.</p>

3

<p>It sounds like you’re starting college in the spring. If so, then the Stafford amount that you get will be misleading for future years. You’ll get $5500 in loan money. But, next year, when you go to school for both semesters, you’ll get your student loan SPLIT in half, so next fall you’ll only get $2750. So, work over the summer and save some of that spring loan money.</p>