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Do you pay per quarter or per year for financial aid?

My financial aid net costs shows a certain price. Do I pay for that 3 times (there are 3 quarters in one school year) or is that price just one school yer already? #financial-planning #loans #college #debt

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Angelique’s Answer

When you receive your award letter from your college, your aid will be listed for two or three semesters determined by what your school uses. Therefore, your aid is divided among those two or three semesters. I hope this answers your question.

Angelique recommends the following next steps:

Review your award letter
Determine how many semesters/terms is included in an academic year.
Speak to your financial aid office.
Thank you comment icon Review your award letter Ricardo M Savage
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Simeon’s Answer

Each college's policies will be different, but what I'm familiar with from my experience is that you have to have your outstanding balance paid below a particular amount to be able to register for classes the following semester.
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Courtney’s Answer

If using student loans, your full loans for that academic year is approved for the year but disbursed per quarter.

Courtney recommends the following next steps:

Review your award letter and it will show you the amount disbursed per quarter.
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Ricardo’s Answer

Per quarter
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