Robert asks…
When should I apply for FAFSA?
I’m going to college next year (Fall 2011)
When should I apply for FAFSA?
Michelle answers:
The new FAFSA for the 2011-2012 school year comes out January 1st, 2011. File it ASAP, even if you and your parents do not have your W2’s or your taxes completed yet. You can file it as an estimate by using the last pay stub(s) of the 2010 year.
When you have your taxes completed you can return to the FAFSA and edit it. DO NOT wait for your taxes to be filed before completing a FAFSA as a lot of financial aid money is ‘first come fist serve’ and if you wait until March to file a FAFSA then you could potentially lose out on thousands of dollars..
Ruth asks…
Question about FAFSA?
i just apply to FAFSA before the FALL semester starts i submit all the paper works and finally i got my pell grant. but my cousin said i have to do the FAFSA again next semester (Spring) which means i have to resubmit my paper works fill out those paper works and take those seminars again from the school. if thats the case when should i resubmit the paper works? what month? please help
i go on a community collage (DVC)
Michelle answers:
FAFSA awards last for two semesters.
However, the FAFSA application for the next two semesters (so fall 2010 and spring 2011) will become available starting January first and you’ll need to fill them out as soon as possible. But this FAFSA will require your 2009 tax returns (while the one you just did required the 2008), so it’s not the exact same paperwork.
Sandra asks…
fafsa help plz very fast !!!!!!?
im plaing to study at a university and live at campes but im not sure will the fafsa cover everything even the classes
Michelle answers:
FAFSA only covers tuition. Which means they will only pay for your classes, they don’t pay for room and board, or books. FAFSA only pays out a certain amount for each semesster, so it depends how much per semester that your college costs if you will get anything back from your FAFSA. Usually I have about $300 left from my FAFSA that I spend on books. Student loans are what will cover your living expenses.
John asks…
fafsa and college aid?
i am confused about the whole financial aid thing. i know that the fafsa is how much the federal and your state decide to give you, right? so i also see some colleges have their own aid, is that mean you have to apply separately or…?
Michelle answers:
No. The FAFSA is just a standardized application that is sent to the schools of your choice. The Schools have their own aid funds and standards for handing out the money. The FAFSA just gives them a standard set of information to help the schools assess who needs the money the most. Because the schools are handing out the money, you should get your FAFSA application in as soon as you can before all the money is gone.
Any dollar amounts given by FAFSA are estimates based on averages and are no guarantee of anything.
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