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Question by Serendipity: financial aid?
I am applying for financial aid and it is asking me on the form for the school code and i am not sure wich school i want to go to yet because i am trying to do it all online. I haven’t decided yet. what can i do?

Best answer:

Answer by srs2teach
You can put several schools on there. And you can always go back later and take some off to add others. Go ahead and put the school codes of several schools you are considering. This way, the different schools will be able to send you a “financial aid package.” You can use this information to help you determine where to attend school. Some schools will be able to offer you more money then others.

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Question by Ash1227: financial aid?
I started online school, because i have two kids one vehical and my husband has it all day to work. Anyway, if i were to have attended my community college it would have been paid for me because of my financial situation. i was granted financial aid through university of pheonix, but i have to pay it back, what is the difference?Maybe im just confused.

Best answer:

Answer by future marriage therapist
The difference is probably the type of financial aid that was offered. For Univ. of Pheonix you probably got a loan and not a grant or scholarship. Loans you do have to payback. But most grants and all scholarships you don’t have to payback. Also just an fyi, did you check to see if your community college offers classes around your husband’s schedule. Usually they have day, evening and night classes.

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Question by jasonmedly: Financial aid?
What kind of financial aid is available for school or anything else if i move out of the house and live on my own? My perents are not gona pay for my college so there for i have to move out and be on my own to recive financial aid. I just want to know how does it all work, and what kind of financial aid could i recive?

Best answer:

Answer by FinAidGuy
Below is a list of common types of financial aid for college. This is not a full and complete list of every single type of college financial aid out there. I have provided links to several sites with information about the type of aid listed, some are links to government websites and some are links to private sites not affiliated with the government in any way. Please do your own additional research on the type of aid and its eligibility requirements.

The FAFSA Application (The application that must be filled out to get any federal financial aid)

http://www.fafsa.ed.gov

The PIN Site (If you want to sign your FAFSA electronically, then you must have a PIN. If you are dependent, your parent needs a PIN too).

http://www.pin.ed.gov

Federal Grants:

The Pell Grant (The largest and most common federal grant). The Maximum amount for the 08-09 school year is ~4700. http://studentaid.ed.gov/PORTALSWebApp/students/english/PellGrants.jsp?tab=funding

Federal Supplemental Educational Opportunity Grant (FSEOG). Rages from $ 100-$ 4000 a year. This is limited and is awarded on a first come, first served basis. http://www.fseog.com

Academic Competitiveness Grant (ACG Grant). For freshmen it is up to $ 750 and sophomores up to $ 1300. You must be Pell eligible to receive this grant.

http://studentaid.ed.gov/PORTALSWebApp/students/english/AcademicGrants.jsp?tab=funding

Teacher Education Assistance for College and Higher Education (TEACH Grant)
Up to $ 4000 a year for student who are going to become teachers. This grant has LOTS of eligibility requirements, read carefully.

http://studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp

The National Science & Mathematics Access to Retain Talent Grant (SMART Grant)
This is up to $ 4000 a year for Juniors & Seniors who are majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security.

http://www.smart-grant.com/

FEDERAL LOANS

Stafford Loans – The most common student loan for college. There are limits based on dependency status and grade level.

http://www.staffordloan.com/

Perkins Loan – $ 4000 a year for undergrads. The school is your lender and interest is capped at 5%.

http://www.perkinsloan.net/

Parent Loan for Undergraduate Students (PLUS Loan) – This is a loan that your parents take out for your education. Unlike the stafford, your parents generally start paying on it 60 days after it is disbursed.

http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp

Other Aid

Scholarships – The MOST sought after aid there is. You don;t have to pay it back and eligibility is not need based on some scholarships. They are also usually the hardest to get. There are several scholarship database sites that list tons.

http://www.fastweb.com

http://www.scholarships.com

http://www.studentscholarshipsearch.com/

http://www.petersons.com/ss/code/checksurvey.asp

State Aid – Most states in the USA do offer some sort of financial aid for college. Each state has different programs. Some have just a few, some have tons. These might include states that have big lotteries and such.
http://www.easyaid.com/states/ – Has information about almost every state and what aid they give out.

Work Study – Funds are earned through part time employment at the school or connected with the school.

http://www.ed.gov/programs/fws/index.html

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Question by one2three: financial aid?
I recently got a job and earning less than 40k. I currently go to college and am receiving financial aid and pell grant. my question is…. will financial aid drop me next semester because i obtained a job? also if i open a CD account at a bank would they know how much i have in there and drop my financial aid at that point as well? please help..

Best answer:

Answer by TB
Your level of financial assistance from your college this year is based on the FAFSA that you completed which looks at your earnings from 2005. When you complete your FAFSA for the 2007-2008 academic year, it will be based on your earnings from 2006. So, depending on when you started your new job, your financial aid may not change until the 2008-2009 academic year, when you complete the FAFSA with your 2007 earnings. The financial aid office bases your financial aid package solely on the information from the FAFSA and any other forms that they may require.

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Question by lex: financial aid??
I just received a financial aid packet from my top choice college. Its a pretty good deal and I was wondering since my parents finances will probably stay the same, will I get the same amount for four years? That college is extremely expensive and if they lower the financial aid I get, I will drown in debt.

Best answer:

Answer by Belie
Possibly, but you have to also remember that YOU will most likely not remain as predictable as your parents. You will probably get a job or participate in work-study and that will change your FAFSA report.

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Question by CJ: Financial Aid?
I have recently recieved countless letters and brochures for colleges following my taking of the PSAT’s. I am very new to the college search and don’t know whether or not more expensive colleges are realistic. From experience or statistics, what would be an average annual financial aid package be for a private university w/ tuition of $ 25k for a middle income family?

Best answer:

Answer by C on the L
You can do it all with federal loans, but I don’t advise it unless you expect to win the lottery or you have a map to burried treasure. Go for the scholarships and grants. There is a book published annually with that title (Scholarships and Grants). Most book stores carry it, but you can usually find it a public libraries too. You may want your own copy though. Libraries may not let it out.

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Question by Caitlin B: financial aid?
ok so in order to get financial aid or grants for being a single mother in school do you need to attend school fulltime?

Best answer:

Answer by erica12161982
You do not have to go full time to get grants. The more hours per semester you put in, the more money you get. Go to http://www.fafsa.ed.gov/ to apply for the pell grant. With scholarships, it all depends on the individual scholarship’s requirements. Go to www.fastweb.com to learn about scholarships.

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Question by coll c: Financial aid?
I was wondering about how much financial aid am I eligible for.

I want to get in to a good school (Emory). The tuition there is about, 35000/year, and since i live in driving distance i dont have to worry about room and board.

I am of Asian descent. My parents (married) have a combined income of 40,000/year and there are 6 people in my household. I will be the only one attending college of my siblings, and be the first in my family to attend. My parents have paid off the hous, valued at 250K.

I am a senior and have gotten all A’s in highschool (4.0 GPA). I am taking 2 AP classes (English 4, and Euro. History) 2 Honors (Trig. and physics), and 2 regular (Human Anatomy, and Intro. to Engineering).

I have not taken the SAT/ACT, but plan to next month. From my PSAT, I expect my scores to e about:
Math: 750
Reading: 680
Writing: 650

So of the 35,000$ tuition, how much do you think financial aid might cover?

Best answer:

Answer by JRome1
Well lets just say that your EFC (estimated family contribution) will be 0, which it may not be…your FAFSA will determine that. Max Pell for the 07/08 award year is $ 4310 and if you are going to be a 1st year student then your base loan will be $ 3500 and since your a going to be dependent it looks like, your parents will need to apply for the Parent plus loan….if they don’t want one…make them ask for a ridiculous amount, as plus loans are based on credit. If they get denied then YOU will have the option to borrow and additional $ 4000, independent students can borrow this without having to have parents info, cause they are independent.

So with everything above as it is, you could potentially receive $ 11,810. Now the school may choose to offer you some campus based funds, your state may offer some grants, you may be eligible for scholarships, etc. It all depends, but you should be eligible for the amount above, assuming you fit the criteria I used .

I hope this helps in your college choices.

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Question by EMMA: How much financial aid will I get for out of state?
My EFC is 0. I am planning on attending University at Buffalo SUNY for the fall 2011. How much financial aid can I expect? I’ve always had to pay for my college books.

Best answer:

Answer by Gaara’s
That depends on the school. To my understanding, that school is a public school, which means they are tun by the state. With the conditions of the economy, state schools do not have that much money to give their students who need it.= so don’t expect much. If it is a private school with a large endowment than you can expect a lot.

If you don’t understand, look at the other questions I answered recently where I explain this in depth or email thru Y! answers profile.

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Question by : What are the consequences of financial aid fraud?
One of my spouse’s friends goes to the same college as i do and they recently received $ 3000.00 in financial aid. None of which they spent on school. I need a little info so i can explain to them what they are looking at.
note: the person is currently not attending classes, nor are they planning on it. and i’ve checked our school’s website. It IS fraud.

Best answer:

Answer by Kristen
That person can use the financial aid money for whatever they want! They can use it to pay bills, buy clothes or even party every night. That money is given to help get through college irregardless of what they spend it on, its not fraud! They don’t care what you spend it on, I spend mine on childcare every semester it would only be fraud if the person was lying during the application process!

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