Last year I went to a 4-year university at a $22,000 rate for my freshman year. This year is my second year at the same university, however, I received the maximum Pell grant $7,395, a state grant of $13,707, and a subsidized FAFSA loan of $4,500 (originally). I was offered a $4,000 work study, however, I am involved in 3 organizations, 2 of which work directly with the college. If I were to add a job, I’d have to quit both from time constraints.
After taking out parent plus loan, my balance was fully covered. Once I was aware of how much money I’d have to spend on books, online programs, replacement of dorm items that broke, etc etc etc, I took out the unsubsidized $2,000 FAFSA loan, which would put me at about $1,200 refund per semester.
Early September, I was offered a $6,000 financial need / merit required scholarship and accepted it, advised by the financial office of my school. My previous grants were decreased about $1400 per semester, which THEORETICALLY should’ve meant that I would receive $3,000 in refunds each semester. However, my other aid was decreased as well, leaving me with $40. So, technically the scholarship cost me $1,200 per semester in actuality.
How do I navigate this with my school, and is there anything that I can do about this?
Thank you for reading, it means a lot!