Can my school charge me interest when i'm waiting for federal financial aid?

Kelly

New member
I have paid off most of my schooling in a lump sum, there is approx 3000 dollars that i havent paid, because i am waiting for federal financial aid (which becomes available in octobor, they say) . every month i get a 30 dollar interest fee. I am wondering if its legal or allowed for the school to charge me that interest fee when the financial aid money is going to be paying my remaining balance.
 
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