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Question by Carrie!: Financial Aid?
Do you have to live in the same state for atleast 1 year to receive financial aid?

Best answer:

Answer by PrettyBrown85
I don’t think so

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Question by Killa Billa: Financial Aid….?
I applied for financial aid and was approved. However, it says things about Subsidized and UnSubsidized loans.

I do not want a loan it tells me how much I can get. I wanted the tuition to go down. I though financial aid was a way of asking the school to help by not charging me so much.

I only plan on doing this my first year of college because the rest is paid for. I am struggling to make the tuition and so I thought financial aid paid it for me.

Can someone explain what ways there are that I can reduce the ammount I owe or remove it completely.

Yeah making payments is the answer so no smart aXX answers.

You get the idea explain financial aid and all the ways it is available.
I qualify for the first kid in the family to go to college or graduate whatever it is. I don’t know ho to get that though.

Best answer:

Answer by Bobby L
financial aid doesn’t mean that someone will pay it for you, it just means that they will assist to make it easier. the loans you got are a good thing because now you dont have to worry about paying that amount out of pocket right now. if you need more aid, call 1-800-522-7562 and they can point you in the right direction. if you didn’t qualify for any grants by the fafsa, then there is no more free money, sorry. you gotta pay it yourself now.

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Question by Taylor F: Financial Aid?
I am a little confused as to how financial aid works at colleges. I know you fill out FASFA and CSS/PROFILE. However, if a college costs $ 40,000 and you cannot afford that, will you qualify for aid? Is that when need based scholarships, grants, and loans are used? Thanks.

Best answer:

Answer by heyonah
FAFSA takes many factors into consideration when deciding how much you are awarded. Some factors include you age, the college you with to attend, your student standing, your (and if your a dependant, your parents) income and living situation.

It also looks at whether you plan to attend full or part time. It is pretty much impossible for anyone to predict how much you will be awarded since available governmental funds change according to year and time of year.

Using your example, if your college costs 40,000 a year, you might get grants, loans, or a combination of the two, depending the supply and demand of funds at the time of your application.

I started my associates after I was no longer considered a dependant of my parent’s, making me eligible for more money. For my associates, I had all of my school paid for with grants, which I did not have to pay back. Once I reached the bachelors level, I received grants for about half my tuition and loands (which I do have to pay back) for my other half. Now that I am going for my masters, I am only receiving loans.

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Question by Tara M: Financial Aid?
I applied for financial aid by the April 1st deadline or whenever it is. My school then sent me a letter saying they had received my application for financial aid. Also with the letter there was a list of documents I needed to send in to the school. Some of the documents being my w-2s and my mom’s. This will be my 2nd year at this school and I didn’t have to turn all of that in prior to my 1st year. Will I still get financial aid if I’m this late turning in all of that information?

Best answer:

Answer by Found-1
You won’t get any financial aid until you turn in everything they ask and they process the results of your documents. (This takes some time so don’t turn in your stuff two weeks before classes start and expect to have money the week school starts.)

You were selected for verification. This occurs to about 30% of the fafsa apps. Apparently you were not selected last year.

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Question by Jessica D: financial aid?
I am a single mother but im living @ my parents house… Will i still be able to get financial aid for being a single mother?

Best answer:

Answer by Money Power R
I believe you can get it based on your income and marriage status. Chec k with your local government offices as well as the fafsa website. or speak to one of their representatives. Good luck and enjoy the rest of your day.

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Question by xo_preciouscharm: financial aid?!?
If im planning to go to an out of state school and i have a sister going off to college next year would they gave her more financial aid?? Its either UF or UCDavis for me and my parents are always worried about money money money this and that.

Best answer:

Answer by zzmama
You have to apply to the schools to find out. The only people who can tell you how much aid a college can give you is that college!

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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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