Lizzie asks…
FAFSA Financial Aid Question?
Hi,
I am deciding if I would like to apply for grad. school or not. Still have yet to make up my mind. I went to the University and they told me to apply for FAFSA first.
So here’s my question. If I were to submit my fafsa application online and later on after they approved it or whatnot, I then decide I no longer want to attend grad. school. Would there be a penalty of any sort for applying for fafsa and at the end, no longer apply for school?
Or do I need to contact fafsa telling them I am no longer interested in applying for grad. school?
Thank you for your time and help. Appreciate it.
Michelle answers:
FAFSA would only come in to play if and when you got accepted to grad school and had to pay for classes. If you apply for FAFSA and don’t end up going to school, I would let your school know that you are not needing the financial assistance so that the money isn’t accidentally used to pay tuition or fees. But I would apply for FAFSA just in case.
Helen asks…
When should I apply for FAFSA ?
I’m going into my senior year of high school in Sept . I Graduate in June 2011, I plan to attend college in fall 2011 but I don’t know when I should apply for FAFSA ? Help please !
Michelle answers:
FAFSA doesn’t open up for you until January 1, 2011 so as soon as you can after that. You should ask your parents to get their taxes done sooner rather than later because you need that information for the FAFSA.
Donna asks…
In regards to the FAFSA…?
If I submit mine this summer,but don’t start college till Fall 2013,will I need to resubmit the FAFSA before then?
Michelle answers:
As Nancy and PETA pointed out, if you will not be applying to college for acceptance until the 2013-14, school year, then there is no reason for you complete the FAFSA now, since that is for the 2012-13 school year only.
Only if you think you might wish to start your college studies during the Summer session in 2013, should you complete and submit the 2012-13 FAFSA, since Summer 2013 classes will be considered part of the 2012-13 school year.
If you would like to get an idea of what questions are asked on the FAFSA and what information you will need to have to complete it early in 2013, then you can see a PDF version of this year’s FAFSA (2012-13) here:
* http://www.fafsa.ed.gov/fotw1213/pdf/PdfFafsa12-13.pdf
You can also use the FAFSA4Caster to get an idea of the amount and type (grant, loans) of Federal student aid you may be offered through the Financial Aid Office of the school you will be attending Fall 2013 (unless the rules for Federal student funding change in 2013.) This is the link to the FAFSA4Caster:
* https://fafsa.ed.gov/FAFSA/app/f4cForm?execution=e1s1
For completing/submitting the 2013-14 FAFSA, be sure to go to the official Free Application for Federal Student Aid web site:
http://www.fafsa.ed.gov
Also, I recommend filing Federal 2012 income taxes (filed in 2013 on 2012 earnings) that you and your parents file your income tax returns electronically, early in February, after receiving W-2 forms from employers and other 2012 income documents. About 2-3 weeks after the 2012 Federal income tax returns are filed, you and your parents can complete your 2013-14 FAFSA and use the IRS income tax data retrieval tool to transfer Federal income tax info onto the FAFSA. It will help you by being an automatic verification of your and your parents’ income.
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Best wishes
Chris asks…
what is a FAFSA?????????????????????/?
can anyone tell me what is a FAFSA?
Michelle answers:
FAFSA is something that is required to fill out in order to get aid 🙂
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