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Archive for April 15th, 2010


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Can College Scholarships pay off prior student debt?

Josh F asked:


I just graduated from Penn State (Main Campus) with a Bachelor’s Degree in Kinesiology and have about $25,000 in student loans. I am currently a part-time Penn State Graduate Student and luckily I am having my company pay for 75 % of it. I was wondering; if I obtain any scholarships for Graduate School (say a $5,000 one); if I only have $1,000 of current tuition bills as a Grad Student, can that other $4,000 go towards paying off loans from my undergraduate work?

Thanks for your responses : )

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