Private College Student Loan

If I've gotten student loans before, can I get any more in the future?

Actually my question is a little more complex than that in the title. I've been accepted into a college, and in order to go, I need some financial aid. So, the school sent me a financial aid form to fill out and send back to them. At the end of the form, there is a terms & conditions section that I have to agree to in order to be eligible for aid. One of the the terms is as follows: "I certify that I AM NOT in default or owe a refund at ANY institution of post secondary education for a Student Loan, PLUS loan, Federal Insured Student Loan, PELL or FSEOG Grants, College Work Study or National Direct Student Loan." I know what it means to be in default with a loan, but what I'm not completely certain of is what it means to owe a "refund" to a loan. Does that mean if I am making payments on a loan (or loans) as of right now, I can't apply for any more loans? I presently do owe on some loans, and I just want to make sure that the whole "owing a refund" thing doesn't mean that I won't be eligible for more aid. Anyways, if anybody out there can help me with this, it would be greatly appreciated. I don't want to sign the form and lie to my school... Just wanna make sure if I sign it, I understand completely the terms and conditions. Thank you much! :-)

Public Comments

1. I would speak to the financial aid office, they will be able to help u
2. You would owe a refund for a student loan if you had borrowed, gone to school, dropped out, but not turned back any funds that the school gave back to you, to the original source of the funding. The loans are assumed to carry you to graduation or to the next year of you program...so if you bailed, you owe the unused tuition and materials money back. You should verify your situation with the school to be sure, but from the wording you have here, 'refund' is not the same as making payments on past loans.