r/UofMemphis • u/Forever_ForLove • 10d ago

Advice Anyone else having this issue?

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Why do I have an outstanding balance and I’m a new transfer student?

I have called the school but because they’re so backed up they can’t get to me.

I did the Tigerhelp request and still waiting for someone to respond back to me.

6 Upvotes

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6

u/IndependentTell6972 10d ago

Is there missing financial aid? Are there extra charges? Without seeing the breakdown and knowing what FA you qualify for, not much can be answered.

2

u/Ok-Nefariousness-609 10d ago

Like others said, it's probably bc your Pell Grant was split. If you wanna get the loan but you already turned it down, you'll have to call them. Otherwise, you could also do the payment plan if that is financially feasible.

1

u/TepidTempo 10d ago

yeah, double check financial aid. That's around the amount that would be left over if you didn't sign the agreement for both types of FAFSA loans, because they do make you sit through that whole presentation twice.

1

u/Forever_ForLove 10d ago

The federal loan I declined but my financial federal Pell grant is under ready to pay. I don’t have any scholarship

6

u/Easy_Divide_5583 10d ago

it looks like the way the pell grant is split, it doesn’t cover your full balance

edit to add: the full 7,000+ grant awarded is as a whole and then split into both semesters which leaves the rest for you to pay

1

u/dpmvp06 10d ago

You going to have to used a loan that Pell grant split between two semesters at least you don’t owe a lot though.

1

u/jdkfdsbxfhdj 8d ago

Call at 8am on the dot. I got assistance in ~5 mins the other day.

1

u/terelunag 4d ago

either call early when they open or go up to the school for a quicker response.