Hey guys, I’m trying to figure out what’s gonna happen with my financial aid and was wondering if anyone here has been in a similar situation.
I was originally taking 9 credits this semester and owed around $550. I added a 3-credit class, so now I’m at 12 credits, but my balance jumped up to around $1,600 😭
My financial aid had already been awarded before I added the class. On Goldmine it shows:
Fall Pell Grant: $3,698 accepted / $2,773 paid
UTEP Institutional Grant: $702 accepted / $0 paid
Since $2,773 is basically 75% of the $3,698, I’m wondering if that’s because I was only taking 9 credits. If I’m at 12 credits now, would they potentially recalculate my Pell and give me the other ~$925?
Also, does anyone know what happens with the $702 UTEP Institutional Grant? It says accepted but hasn’t been paid yet.
I also got an email from Financial Aid recently saying I’m still eligible for financial aid, but warning me about my progress toward my degree since I’ve accumulated a lot of credits. I’m graduating after this semester, so now I’m kinda scared to drop anything and mess up my financial aid/SAP 😭
So basically, I’m wondering if anyone knows:
-Will going from 9 to 12 credits potentially increase my Pell?
-Could the $702 grant still disburse?
-How long does it usually take UTEP to recalculate aid after adding a class?
-If I end up dropping the class before the Sept. 9 census date, would that affect my financial aid/SAP?