<p>can someone please help me with what these things mean?</p>
<p>Federal Direct Loan Sub-NH Offered - Will Not Pay </p>
<p>Federal Perkins Loan-NH Download Perkins Promissory Note Offered - Will Not Pay </p>
<p>Entering UG Scholarship - NH Accepted - Will Pay </p>
<p>Cal Grant A Estimated-NH</p>
<p>The first two on your list are subsidized loans, which means you'll be borrowing that money but won't have to start paying back until 6 months after you graduate. </p>
<p>The UG Scholarship is money UCD offers to you to aid the cost of attending a UC</p>
<p>The Cal Grant is money from the state used to aid your tuition.</p>
<p>When you see "Will Not Pay", assuming that you accepted the financial aid package, it means you haven't filled out the forms required to accept the loan. Look at that same page and read the red smileys. It will tell you what you need to do. Once those smileys are all gone, the "Will Not Pay" will change to "Will pay".</p>
<p>I recommend doing this when you have some spare time, even though it's not due for a long while. It's pretty simple and you might as well get it over with instead of waiting last-minute.</p>
<p>Do I have to pay back more than I borrow for those first two?
At what rate/when does it have to get paid back?</p>
<p>Thanks!</p>
<p>They won't start charging you interest until 6 months after you graduate. I believe the interest rate is about 7%. Most people don't worry about it until they graduate, but if you start paying it off by working during school, you'll be paying less interest. =]</p>
<p>Is it possible to get both Cal Grant A and Cal Grant B? On the financial summary, it only includes my Cal Grant B amount, but I eligible for Cal Grant A also. If it is possible, how do I get it? Thanks. =)</p>
<p>Nope, you can only get one or the other. From what I hear, Cal Grant B is better because the university gives you more money, but I honestly don't see the difference between getting money from the state and the university.</p>
<p>
[quote]
They won't start charging you interest until 6 months after you graduate. I believe the interest rate is about 7%. Most people don't worry about it until they graduate, but if you start paying it off by working during school, you'll be paying less interest. =]
[/quote]
Can I pay it off DURING school at any times I want w/o interest?</p>
<p>Most definitely.</p>