I am enrolled in an Associates of Applied Science degree at community college. My grants have been enough to pay for the credit hours, so I have not taken out direct loans.
Conversation wise, people are lumping FAFSA, grants and loans together.
But, am I correct in thinking that since I have not borrowed loans, I have not started my timing on how long I can use loans? People seem to be saying that grants start the timing of grants/loans lumped together.
I did sign the loans online, but never bothered to take any out.
Am I correct in thinking that I can finish my associates using just grants, and then when I use loans for a four year undergraduate or masters degree, that starts the timing limit on how long I can use loans?