James asks…
Question about FAFSA?
My mom was recently unemployed about a month ago. It’s hard to find a job nowadays so just in case she can’t find a job by the time I file for FAFSA for the next school year – I was wondering if that would affect my ability to receive aid from my school? I’m 22 and I currently have a job – but I am still considered a dependent under her.
Nagesh answers:
The FAFSA asks for last years earnings so that is what is put on the FAFSA, however, once you complete it and choose a college award, call them and the FA office and tell them how she lost her job and they may consider that information and you would then qualify for more financial aid. You should do the FAFSA now to maximize your award. Http://bellarminearc.wordpress.com/2011/01/10/file-your-fafsa-early-this-year-and-heres-why/
http://studentaid.ed.gov/
http://www.finaid.org/
Nancy asks…
help???? on fafsa…independent or dependent?
ok so im really confused with this whole fafsa thing
on my income taxes i was told i had to claim myself as independent due to my age (im 19)
my cousin helped me with my fafsa application and put that i was dependent( she said you can be dependent until you 23 or 24)
that makes no sense cause on my income tax it says independent and on fafsa it was dependnt can i change this??? did i do the fafsa wrong was i supposed to put independent???
for the record i claimed myself as independent on my 2009 income taxes
i still live at home im 19 and my parent pay for everything
i just pay car insurance(i do not own a car i pay insurance for using moms car) and my phone bill sometimes but its under moms name
Nagesh answers:
FAFSA and the IRS have different definitions of the world “independent.” On your tax return, you are independent so long as you have your own income, are over 18 (or legally emancipated), and support yourself financially. On the FAFSA, you are only independent if you are:
1.) 24 or older
2.) Enrolled in GRADUATE school
3.) Married
4.) A Parent or Guardian
5.) Homeless
6.) On Active Duty or A Veteran of the U.S. Armed Forced
7.) Were a Foster Child (after the age of 13)
8.) The Child of TWO Deceased Parents
9.) Legally Emancipated by a Judge
So, unless you have kids, get married, join the army, turn 24, enter graduate school, or (god forbid) lose both your parents, you HAVE to state that you are a dependent on the FAFSA.
Carol asks…
FAFSA!!!!!!!!!??????????????
I filled out fafsa application online and received and email three days later about my fafsa been processed. I’m from Texas but want to study at LASC or LACC, what should I do next? I’m new to fafsa so if you have more information about fafsa and out of state tuition I would appreciate it.
Nagesh answers:
On the FAFSA you should have listed the federal school codes for LASC and LACC. The financial aid office from these schools will be notifying you of any additional requirements that they need and/or when you have been awarded a financial aid award package.
If you did not list the federal school codes for those schools on your FAFSA, you will need to go back on to your FAFSA to make a correction to add them. Then resubmit your FAFSA.
Laura asks…
will i qualify for fafsa?
both my parents do not have a job… my dad is laid off and my mom is also. we stay with my grandparents nd the only one that works is my sister who pays for the rent and all that. will i qualify for fafsa???
Nagesh answers:
Fafsa is an application for student aid. You need to complete one to see what your expected family contribution (efc) is. It’s based on 2008 income among other things. But i’m guessing you will qualify for a Pell Grant…but there are other things you may qualify for such as loans and grants and scholarships through your school but you need to get the ball rolling with the fafsa.
Here are some links.
Http://www.fafsa.ed.gov/
http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
Lisa asks…
Apply for Fafsa!!!?
hi guys this is my question
Im going to college in the next semester and i going apply for fafsa
My parents both make 49K, they bought a house so its a loan of 190 000$(Debt)
would i apply for fafsa with this ?
Nagesh answers:
Yes- apply for FAFSA even if you think their income is too high. Families with higher income than that get financial aid. Even if it turns out that you do not qualify for a Pell grant, you will qualify for federal loans (which are at lower interest rates than anywhere else).
But aside from that, each state has its own financial aid and the income limits might be higher than the federal ones. They require the FAFSA. The school you choose will also have institutional financial aid available that needs the FAFSA completed, too.
If any circumstances (provable loss of income) arise between the time you fill out the FAFSA and the following year’s FAFSA, you can get adjustments made by a financial aid administrator. The bottom line is, you never know what’s going to happen in the future so look at filing the FAFSA as a kind of insurance, just in case bad things happen.
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