question about financial aid for college?

Mr. Q

New member
Hello everyone!

I graduated college this december (fall 2010). However, I received a financial aid package for both Fall 2010 and Spring 2011.

For SPRING 2011, I will not be attending school, because I graduated. However I have been awarded $3795 in loans, and $4900 in grants (all from FAFSA).

My question is....will I be getting a check for all of this financial aid? Or would I just get the money from the loans (and not grants)? Or would I get nothing?

I only ask this because technically I "accepted" the full amount on the loans, not realizing I had enough credits to graduate already. I used half of my financial aid for the fall, and I have the amount above remaining for the spring.

Thanks!
Aw man...so what happens to the loan money I accepted? Do they just "subtract" that from the total amount I took out?
 
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