Laura asks…
How do I transfer my FAFSA money from one school to another?
I already accepted my money from FAFSA for the Fall 2012/Spring 2013 school year however I will be transferring schools for the Spring 2013 semester. I only got loans no grants, so what do I have to do to get the money from the school I am transferring to?
Thanks.
Nagesh answers:
1. Visit the FA deparment at your present school to determine what you need to do to formally withdraw (usually you will have to complete a form and an exit counseling session).
2. Add the new school’s code to your FAFSA.
3. Contact the new school to determine what steps you need to take and follow them.
For the most part, they’ll take it from there. However, it does take time to process all this and some schools are much more efficient about it than others. Because it is so close to the start of the Spring semester, it’s possible that the process won’t be completed in time for you to receive your funds before the semester starts.
Donald asks…
What happens if I fill out a FAFSA and decide not to attend school?
I filled out a fafsa because I was thinking about returning to college, but decided its a bad time in my life to do so. Needless to say, I don’t want to be receiving grants for school I can’t attend. What should I do?
Nagesh answers:
Don’t worry about it–you don’t have to do anything. You can’t receive aid unless you are enrolled at a school. Students often complete the FAFSA and have the results sent to mulitple schools so they can compare the financial aid packages offered by each school. If you never enroll in a school, then they cannot originate any aid for you, so there would be nothing for you to receive.
Although you are not required to, it would be nice if you let the schools whose codes you submitted on the FAFSA know that you will not be enrolling at this time so they don’t have to go to the trouble to figure out a package for you. A quick email to the FA department is usually all you need.
Mark asks…
When should i start filling out my fafsa?
I just finished my junior year and about to go into my senior year. When would be a good time to apply for fafsa? Do I have to wait until after i have been accepted into a college?
Nagesh answers:
To maximize the amount offered to you you will want to do yuour FAFSA Jan 1 of the year you will attend or closest to that (not earlier). DO NOT wait for your parents and you to do your taxes. You will do your FAFSA and there is a question about did you and your parents file your taxes, filed, will file, filed. You will chose will file. Complete the FAFSA then submit. This tells them that you are doing your FAFSA as an estimate. Then as soon as your parents and you get your W2 tax forms do the taxes ASAP. Then you will log back onto your FAFSA and there will be a box that says make correction, You will click that and then put in the correct tax answers from the taxes and then resubmit. Colleges are given so much of each type of financial aid, some types are not enough for all that qualify for them. The aid is given by original file date so they will hold it for you if you file early, others who file later it will run out before it gets to them, again only certain types. Http://www.fastweb.com/financial-aid/articles/2958-how-do-i-file-the-fafsa-in-january-when-tax-returns-can-t-be-filed-that-early
Remember you file it at the FAFSA .gov not FAFSA .com site.
Here is the govt site about learning about financial aid. Http://studentaid.ed.gov/
check out these checklist so you you know what to do when: http://studentaid.ed.gov/prepare-for-college/checklists
This comes out every year so look for the one when you attend but you can look at this years one to learn: https://studentaid.ed.gov/sites/default/files/2012-13-funding-your-education.pdf
Another great site: http://www.finaid.org/
Note financial aid is very confusing and stressful but it gets better as do it every year. My daughter is a Jr.
Read this SUPER important: http://school.familyeducation.com/college-prep/high-school/56210.html
At my daughters university interview they asked her what her high school involvement was, if she worked outside of high school, and what her volunteering is.
Do some volunteering like one day a month at least.
Nancy asks…
How do I fill out my fafsa? Going to CC and Uni in same school year?
So I’m filling out my Fafsa for college. I’m attending Community College right now in the fall and transferring to Uni in the spring. So how do I do it? Do I fill it out the same way I’ve done before or do i have to do it twice?
Nagesh answers:
No, you only have to do it once. Just make sure you have BOTH federal school codes listed on the application. Just be aware that those who did their fafsas for the fall completed them back in Feb and March. You are incredibly late. If you are a current student and currently getting aid for school… You have already done the 2010-2011 fafsa.
If you haven’t don’t count on getting any aid for the fall anytime soon. Applying for aid is a process that takes weeks, usually months from start to finish.
James asks…
How to fill out FAFSA if your parents don’t want to provide you financial aid in college?
Im a junior and I see my senior friends filling out the FAFSA, I heard it was bases on your households annual income, and that will determine how much financial aid you receive in the form of scholarships when you attend college. But what if your parents choose to not help, and you are independent at 18 years of age, but are in need of financial aid, am I able to receive any financial aid in my position?
Nagesh answers:
Being a legal adult and being an independent student for financial aid are entirely different things. The government requires your parents’ income information even if they do not plan to help you. You are considered a dependent student until you are 24, married, have a child, join the army or earn a bachelor’s degree.
Scholarships are based on merit, and your parents’ income won’t have much of an impact on this. Also, you’ll never know what types of aid you qualify for until you actually fill it out. You will also be offered student loans no matter what.
It doesn’t matter whether you are planning to live with your parents or not. Also, do not search for FAFSA, there are many fake sites out there that will make you pay and they show up at the top of most search engines. The FAFSA is free to fill out and here is the website: http://www.fafsa.ed.gov
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