StudentFinAidInfo - Financial Aid For Dependent Vs Independent, Tuition, Child Support Aid, EFC

Financial Aid FAQ

Resources

Welcome to StudentFinAidInfo

1 2 3 4 5 6 7 8 9 10 Page: 11 12 13 14 15 16 17

Question: Financial aid dependent vs independent?
I'm 21 and a dependent, mother makes little to no money (and I have one sibling) so I qualify for aid. If I become pregnant do I need to change status to independent or only once the baby is born? If I have a child must I file independently (I think I make too much to qualify alone)? What can I do?

Answer: When you apply for financial aid, it's for the entire ...

When you apply for financial aid, it's for the entire year. (Fall, spring and summer) When you apply for financial aid for the next year you would go through the dependency status questions again and if you answer yes to any of them, you'd not report the folks income.

Answer: When you have your child, you may want to file your taxes ...

When you have your child, you may want to file your taxes independently, since you will be eligible for certain tax breaks. You might as well take advantage of them. However being a dependent for financial aid is totally separate from being a dependent on your mother's taxes. Until you are age 24, married, or in the military, you will be considered a dependent student, whether you file your taxes independently or not. Whether you file independent or not, you still have income from working, and you are still responsible for reporting it when it comes to financial aid.

Answer: If you are going to provide more than 50% of the childs ...

If you are going to provide more than 50% of the childs support you go by when the baby will be born. For the 08/09 FAFSA: The FAFSA, in Step 5, asks for the number in the household, you will answer this question as 2 (you and the baby). The question is asking "how many in your household" that you WILL support between July 1, 2008 and June 30, 2009. So if the baby is going to be born between those dates and you are going to provide more than half of the support, you answer yes in Step 3 "Do you have children who will receive half their support from you". Since you are asking "if I become pregnant" I hope this is not something you are considering. Get your college degree first. Being a single parent and going to school is doable, but hard.

Answer: once you have the baby, you will be classified as an ...

once you have the baby, you will be classified as an independent just on those grounds...you would be surprised at how much you can qualify for just by having a child. you should not have to change your status until the baby is born though.

Question: Financial Aid???????
When a person applay's for FASA and they choose a major will the financial pay all classes untill th person finish his or her major? or not? Thanks for answers

Answer: Hi. I am Clara and I saw your question about needing a ...

Answer: no. if you get a zero EFC (expected family contribution) ...

no. if you get a zero EFC (expected family contribution) then you will get about 2500 a semester assuming your full time. the higher you EFC, the less money you will get.

Answer: Spectacular info about your Question ...

Spectacular info about your Question HERE: http://all-student-loan-consolidation.blogspot.com (student loans, scholarships, gov aid footer & partime jobs) Good luck!

Question: My Tuition is 32000 and EFC 18000 - How much in financial aid will I receive?
I am going to a private college with tuition of 32000. The dorms cost and extra $10000 per year. My EFC is 18000. If I understand, the money I can receive from financial aid (loans) is the tuition price minus the efc... in this case 14000. Is this correct? Can I get more loans so I can live in the dorms? Will loans be subsidized or unsubsidized? Thanks!

Answer: Your school will offer you a financial aid package that ...

Your school will offer you a financial aid package that helps close the gap between your EFC and the cost of attendance. If you are a good student or athlete you may receive scholarship or grant aid from your school that does not need to be repaid for some of this. You may also qualify for government grants that do not need to be repaid. You may be offered a work study position for some of the cost. The rest of the gap may be filled with offers of subsidized and unsubsidized loans. There are limits on how much you can borrow of each loan type, but it rises each year you are in school. Just know that it takes a combination of different loans to cover your costs. A lot of this depends on where you are going to school and how much money they have available to offer you. If you indicated on your FAFSA form that you will need to live on campus, allowances will be made to help you pay housing costs. Go back and edit your FAFSA form to show that you want to live on campus if you didn't indicate that already. Whatever you do, try to stay away from private unsubsidized loans. The interest rates and repayment terms are worse than Federal loans.

Answer: Your EFC is a number your school used to determine what ...

Your EFC is a number your school used to determine what kinds and how much financial aid you are eligible to receive. The lower your efc is the more likely you are to get grants. With an efc this high, you will likely qualify for Unsubsidized Stafford loans and PLUS (parent) loans, plus any scholarships you might earn from outside sources like the school. With a school this expensive you need to ignore what your EFC is and find out exactly what the maximum amounts you are able to borrow at this school. The maximum amount of Stafford loan YOU can get if you are dependent is $3,500 a year as a freshman. Your parents can take out a PLUS loan to come up with the difference... but they have to pass a credit check, be willing to start making payments immediately, and pay interest of around 7.9 %. Do not do private student loans to pay for college, if you find yourself considering this, go to a less expensive school for the first two years and transfer to this one after saving some cash. Private loans are evil. Here is an OUTSTANDING book on student loans and what you and the foks can borrow.

Answer: Hi. I am Clara and I saw your question about needing a ...

Hi. I am Clara and I saw your question about needing a loan,In the internet they are alot of scams out there.I decided to answer your question to prevent you being scammed. I got a loan of $150,000 from an agency online and I was lucky not be scammed. Contact them at email:globaly_aquinted_org@yahoo.com interest rate of 0.2% is simply great.they use a yahoo email account on our request because its makes contacting them easier

Question: Financial aid and child support?
I'm currently going to a community college and get full financial aid. I live with mother and father pays child support. We are extremely poor and I REALLY need financial aid to get through. My question is: I'm going to apply for private college, they ask if I receive child support on the financial aid portion of the application. My financial aid office told me to not put that down on fafsa because it isn't on the tax forms. Should I leave that question blank?

Answer: Im not sure but help me get up to 1000+ views =] its ...

Im not sure but help me get up to 1000+ views =] its worth ur time I promise! http://www.youtube.com/watch?v=BCk4a8xdtQ4

Answer: google it.

google it.

Answer: There should be a financial aid officer at your community ...

There should be a financial aid officer at your community college who will help you with this question. One note: from experience, the financial aid officer is the best friend you can have in administration...they really like helping people get their money.

Answer: They are most likely talking about either 1) support that ...

They are most likely talking about either 1) support that was awarded by a court to be paid for by your spouse or 2) government programs like WIC. Don't put any money your parents are giving you down for child support, but if it asks for parental support then you may want to put that money down under that.

Answer: If your financial aid office told you not to put it ...

If your financial aid office told you not to put it don't put it. The would not tell you something that is going to harm you in any way because they are there to help. So do what they say and you will be OK

Answer: There are things that go on your FAFSA that aren't on ...

There are things that go on your FAFSA that aren't on your or your parents tax forms. Example: Worksheet B - (Page 8) "Enter yearly amounts - Child support received for all children. Don?t include foster care or adoption payments." Perhaps you misunderstood, sometimes there is a difference between what Dad is "suppose" to pay and what he actually pays. You would include here what he actually paid in 2007 on worksheet B. You can't leave it blank if your mother receives child support. That would be illegal.

Answer: You should ask what will happen if the private college finds ...

You should ask what will happen if the private college finds out you falsified the application -- will you have to pay back all the aid you've received -- will they bar you from any financial aid in the future? Is this risk worth it? I question the integrity of a college financial aid office who suggests you lie on your application -- after all, if you get caught, he/she doesn't have to pay; and, they have left you out to dry by yourself. Do you get enough child support to really make a difference in the amount you will receive? You may be worrying about a very small amount of financial aid in return for not having to always make sure your "story" is straight, and fear of getting caught.

Question: How much can usually be expected from Financial aid?
as question says, I just did mine and in 3-4 days I should know they said.... but I have 0 estimated expected family contribution.. and family is pretty darn poor... how much could I expect to get? I know there are many factors but a range would be neat.

Answer: With an EFC of 0, you can expect to receive a maximum of ...

With an EFC of 0, you can expect to receive a maximum of $4,310 in Pell Grant and then depending on your grade level, you will receive the maximum amount of Federal Stafford Loans (Freshmen $7,500, Sophomore $8,500, and Junior and above $10,500)

Answer: well, it depends on how much your college costs. If you are ...

well, it depends on how much your college costs. If you are going to community college, you would prob get somewhere in the range of $3-5K but if you are going to major public university, it will prob give you $13-18K and you'll be offered subsidized loans to cover the rest of the cost. In private universities, you might be offered more fin aid. But usually, in universities, they'll try to cover the tuition and if you are living in the apartments, for that, they'd prob offer you some loans. So don't worry, EFC of 0 should get you lots of FinAid. Good Luck

Answer: If you qualify for the full Pell grant (and those with EFC ...

If you qualify for the full Pell grant (and those with EFC 's of 0 usually do.. you would get about 4,500 for the full year next year). Don't count your chickens yet, however, you have to meet about a million other qualifications like no estimated info on your fafsa, all the information is correct, attending school full time, no bachelors degree, good college grades, not to many attempted hours... the school will issue you an "Award Letter" with the exact amounts and types of financial aid on it.

Answer: Spectacular info about your Question ...

Spectacular info about your Question HERE: http://all-student-loan-consolidation.blogspot.com (student loans, scholarships, gov aid footer & partime jobs) Good luck!

Financial Aid FAQ 1 2 3 4 5 6 7 8 9 10 Page: 11 12 13 14 15 16 17