Helen asks…
How accurate is the fafsa on the web submission confirmation?
My daughter applied for fafsa online and submission confirmation shows EFT =3489
a federal pell grant of up to $2100.
is this mean she will deffinitly get some amount of grants either $2100 or less?
Also, how often can she apply for fafsa? can she apply again in Janually 2011 for school year of 2010~2011?
Michelle answers:
Careers.scienceontheweb.net – it has detailed info how to apply for financial aid and scholarships to get more cash.
Charles asks…
How does my parents financial information effect my financial aid on my FAFSA?
This year I had to estimate my parent’s tax information on my FAFSA and correct it later because i needed to meet my FAFSA priority deadline and they file late. Now that I have their actual information, their earnings are much higher then what I estimated. Will this reduce any aid I may already have? Also, what can happen if the values on my FAFSA do not match the numbers on their federal return?
Michelle answers:
Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.
Http://financial–aid.blogspot.com/2008/07/financial-aid-and-student-loan.html
http://financial–aid.blogspot.com/2008/07/financial-aid-calendar.html
Mandy asks…
What is the difference between Ford loans and FAFSA?
I know they are both federal loans but what makes them different? I have already applied and recieved acceptance for my fafsa but will I get more money if I apply for a Ford Loan?
Also will the ford loan be more expensive than FAFSA?
Michelle answers:
The FAFSA is merely a FORM from which the Department of Education assesses your eligibility for Federal Financial Aid. Yes, all FEDERAL and most STATE aid in the form of either grants or loans come from that form!
REPEAT: The FAFSA is a form that your FA Office will send to the DOE to see whether or not you are eligible for any grants or loans. Grants are NEED-BASED and never have to be paid back. Any LOANS you have to take out will go into repayment mode 6 months after you leave school or drop below 1/2 time.
David asks…
What is the absolute latest time I can apply for financial aid from FAFSA?
I’m a senior in high school, and I desperately need money for college. I’m planning on applying for financial aid from FAFSA, but I’m worried it may be too late. Does anyone know when the absolute latest time to apply is?
Michelle answers:
The March 2nd deadline is for really so you can get ALL the available aid to you, it is referred to as the “priority deadline”. You can apply for financial aid through out the school year but the amount of aid available is limited and if you wait until after March 2nd you aren’t in the running for all of the grants. I HIGHLY recommend you apply soon before the March 2nd deadline since you are graduating, new college freshmen have Cal-Grants that you may qualify for through the FAFSA application. Once you’re in college and the school year end approaches and you still haven’t applied then you may not get all the paper work in on time to qualify for that year and you’re out of luck so don’t wait. Good luck, hope this helped!
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