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Welcome to StudentFinAidInfo
Question: Is FAFSA one in the same as SAR?
Answer: Yes, the FAFSA is the same as the SAR. First, you fill out ...
Yes, the FAFSA is the same as the SAR. First, you fill out the FAFSA, then it is processed, then you receive a SAR. make sure you don't forget to fill out your FAFSA every year, by the deadline, or you might not get financial aid!
Answer: To know about College and university!
log on to ...
To know about College and university!
log on to http://alumne.net/
Answer: Yes, and if you need to produce any documentation for your ...
Yes, and if you need to produce any documentation for your finanacial aid do so before school or you can run into trouble enrolling in your classes.First fill out fafsa then you get sar.
Question: filling out fafsa with divorced parents?
if dad claims me as a dependent but I live with mom (who earns less than dad and claims brother is dependent on her), should I be using dad for the parents' financial info or mom's? also, brother and I will both be in college this fall.
Answer: Use your dad, since he is the one claiming you, not your ...
use your dad, since he is the one claiming you, not your mom.
Answer: You report the income of the parent who provides the most ...
You report the income of the parent who provides the most support to you. This is usually the one you live with. You would also list that biological parents spouse income (your step parents) if they are currently married. Who claims you on thier taxes doesn't really matter. See attached book for more detail.
Question: I just submitted my fafsa and my efc is 298. What does that mean? Will they provide aid and if so How much?
Answer: Expected Family Contribution is how much you are supposed to ...
Expected Family Contribution is how much you are supposed to contribute to your education. The rest of based off of loans really.
Answer: It means you will get aid, grants, and a Pell Grant.
It means you will get aid, grants, and a Pell Grant.
Answer: Check with your school's financial aid office. Usually, ...
Check with your school's financial aid office. Usually, if you are accepted to the school and have filed all your forms they will issue you an awards letter detailing what you are eligible for.
We can tell you "generally" what you can be eligible for, but they will give you the best answer of all. You are a candidate to receive a fair amount of need-based aid most likely with that low of a score.
Answer: If you check your student aid report (SAR) on ...
If you check your student aid report (SAR) on www.fafsa.ed.gov it will tell you if you qualify for the Pell grant. If you qualify for the Pell grant chances are you will also get the FSEOG (grant) and depending on your major there is also the TEACH grant and SMART grant.
Question: How do you pay back loans on FAFSA?
I didn't get any grants, I only got Unsubsidized and Subsidized Stafford and then Perkins loan. How do I pay them back? Do I have to apply for all these loans to pay them back?
Answer: You don't have to "apply" for the loans. ...
You don't have to "apply" for the loans. Working with FAFSA and your college financial aid office should help you through the process.
Once you have been out of school for six months or longer the bank that loaned you the money (or owns the loan) will contact you about repayment. There are many options and student loans are flexible with payments.
I've provided details on the loans you indicated you were eligible for. More details can be found at the FAFSA website.
Federal Stafford Loans are student loans that must be repaid and are available to both undergraduate and graduate students. There are two types: Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL).
If it is a subsidized Stafford loan (demonstrated need for the loan), you are not responsible for interest while attending at least half-time and the principle is deferred.
If it is an unsubsidized Stafford loan (financial need was not demonstrated) the principle is still deferred but you are responsible for paying interest on the loan.
Federal Perkins Loans are low-interest (5 percent) loans that must be repaid; the maximum annual loan amount is $4,000 for undergraduate students and $6,000 for graduate students.
Answer: If you are out of school, they will start sending payment ...
If you are out of school, they will start sending payment notices. Make sure your address on file with the loan companies is correct, getting behind and in default on unforgivable student loans is one of the absolute worst things you can do in all of life! The simpliest thing to do is hook it up to your bank account for auto-pay every month. You can go to the site that holds your loan (like Sallie Mae) and review payment options, there are usually like 5 options that can make your payments higher to pay off sooner or lower which results in more overall interest paid. Once interest rates finally come back down to around 6 or 7%, consolidate all your loans into one and lock in that rate. Right now it is still too high to consolidate and you can only consolidate once, so don't do it until the rates are right.
Question: fafsa a loan?
my counselor at phoenix helping me with fafsa but he says im paying back this money isnt fafsa suppose to be a goverment
money for those who qualify? and dont have to pay back
?
Answer: FAFSA stands for free application for student aide. It just ...
FAFSA stands for free application for student aide. It just sets you up for different financial aid options. The main thing that people try to get is the Pell grant, and you don't have to pay that back, but if you don't get Pell then you may qualify for other grants, that you will not have to pay back. But if there are not enough grants to pay your tuition, fees, and other needs, then you can take out student loans, which are government funded, and you pay back at a government rate. Example if you fill out fafsa, you may not qualify for Pell, so they may give you a state or school grant, but its not enough for tuition, so then you may take out a stafford loan, and pay it back at, I think the rate is 5% or something like that now. Good luck with your education. You will love it!!!!!!
Answer: After you graduate you'll pay it ...
after you graduate you'll pay it back..............they're just lending it to you...get it??
Answer: The FAFSA tells the government what type of aid you qualify ...
The FAFSA tells the government what type of aid you qualify for. The lowest incomes get grants (like the pell grant) which you don't have to pay back, but you will probably also get a Perkins and Stafford loan. Don't worry though, you don't have to pay these while you're in school and you can defer payment on them until you get a job. The colleges you apply to may also give you grants and scholarships based on what the FAFSA says, so maybe you won't need loans at all. It depends.
Answer: No, FAFSA is simply the application form for loans and some ...
No, FAFSA is simply the application form for loans and some grants. Loans have to be paid back, grants do not. Once you submit the application, you will receive a report that tells you what you qualify for and you then select if you want to accept each item. You may be offered a Pell Grant, which is free money. You may be offered a subsidized loan, which is no interest until after you graduate, or unsubsidized loan, which starts accruing compounded interest right away.
If you take loans, take only what you absolutely need as you will have to pay them back, most likely with 50% interest, and because they are government loans, they are unforgivable, which means if you are starving on the street you still cannot write them off.
Make sure the person at your school is also advising you on how to locate and apply for potential scholarship opportunities. There are a lot out there for lots of different reasons, some not even income based. The FAFSA does not apply you for scholarships. You have to do that yourself. Scholarships are free money.
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