Lizzie asks…
help! is fafsa.com a scam?
so I am kinda freaking out right now. I had a question regarding my fafsa application and I called what I thought was the fafsa hotline number. then I realized, after I had given them my social security number over the phone, that it wasnt even the real fafsa website. I dont know that much about this website. are they gonna steal my identity? I am freaking out. thanks for your help!
Nagesh answers:
Fafsa.com is not the actual government operated FAFSA. However, they are legitimate and not out to steal your identity. They are not a scam because they are providing the service that they advertise. However, you can complete the FAFSA for free at www.fafsa.ed.gov and because they charge for basically “helping” you complete the FAFSA some people think of them as a scam. Their site is secure though and they won’t use or sell your SSN.
Robert asks…
FAFSA information please????
HELLO I WANT TO KNOW WHAT TIME IS THE LATEST YOU REALLY NEED TO TURN IN YOUR FAFSA APPLICATION IS IT REALLY THE DATE THAT IS MENTIONED IS THERE NO OTHER DATE AT ALL??
Nagesh answers:
The FAFSA has many deadlines. You should first find out from the financial aid office from the colleges that you are applying to what their FAFSA deadline is; the date that you need to have completed the FAFSA by and had the information sent to the school. Also, many state grant programs have a deadlines for the FAFSA, too.
The Federal deadline on the FAFSA application of June 30, 2008 is the last date that the federal government will process your 2007-2008 FAFSA. The state deadlines listed are the deadlines that the individual states need the FAFSA information by for those students applying for state aid. College FAFSA deadlines are the dates that the schools need the FAFSA information by for the students who are applying for financial aid at their school.
James asks…
FAFSA info, any guesstimates?
I have a friend who is planning to apply for FAFSA. It’s pretty much his only chance at paying for college. If his parents, combined, make under $30,000 per year, don’t you think he’ll qualify for quite a bit of aid? Anyone with similar situations willing to share how much FAFSA helped them? Thanks!
Nagesh answers:
FAFSA could work. I was always warded FAFSA when I applied, but it takes a pretty good while fr the money to be sent to the university. Like if you dont get your FAFSA form turned in on time, and it takes FAFSA a while to process the paper work, and the university has not recieved a payment from your friend then they will purge him from the roll..( purge is a nice way of saying get your ass out of the classroom until you pay).. But if both parents make combines total of 30,000 then your friend DEFINATLY needs to apply for pell grant.. It is free money, that does not need to be paid back and it is for those with lower incomes.. Your friend can actually apply for both of these…
There is also TAG money.. What this is is money set aside by the state that they GIVE to students .. But the catch is that not veryone gets the TAG money.. Its like a first come first serve, and when we run out better luck next year kinda thing.. This is also free money your friend will not have to pay back… TAG money goes by the state.. For example I live in Mississipp so our TAG money is calle M-TAG.. And I went to school in Texas and applied for T-TAG… So if you want to searc what your state tag funding is called google “name of your state” tag money..
Everything i suggested here are not loans, they are simply good ways for those less fortunate to pursue their education without the hassel of student loans…
BUT if all else fails and your friend oesnt get any of these then your friend should apply for the SALLE MAE loan.. If your gonna geta student loan this ( in my opinion ) in my opinion is the best one.. It was listed in Fortune 500 of the best loan program tat helps students with all types of cases…
GOOD LUCK..
Jenny asks…
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
?
Nagesh answers:
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!!!!!!
Paul asks…
FAFSA????????????????
I filled out an application for FAFSA online about 3 months ago and haven’t heard anything yet….. Is this normal?
Nagesh answers:
Did you get an email that your SAR was available to view. If not, then something is wrong. Did you submit your FAFSA? Save means to save your information where it is and submit means to send it to them.
How it works: Once you finish the FAFSA you have to wait for it to be processed. This means they are taking in your information, seeing if anything is missing. It can take up to 2 weeks if you did it online (usually less). You can log onto your FAFSA and it will say processed when it has been processed. You wont get an email about the processing status, just check daily yourself. Then you wait while they put that information into a formula they used which the result will be your EFC, estimated family contribution. This number is not how much you get or how much you pay. This is just a result of the formula they use and a measure of your financial strength. They will then put this EFC and a recap of your FAFSA in a report called SAR, student aid report. From the time your FAFSA says processed to the time your SAR is ready will be up to 2 weeks (usually less). You will get an email saying our SAR is ready. You just log into FAFSA to view it. They will also send this SAR directly to the colleges you listed on your FAFSA. Those colleges which you applied to who offer you admittance will then create a financial aid award offer for you based on your EFC. The lower the EFC the more financial aid you need based on your FAFSA results. They will then create a financial aid award offer for you. This can include grants, student loans, parent loans, federal work study and aid your college offers and state offers. Usually for fall the award offers will get to you by early mid april by email, snail mail or both. Then you look over the offers from the different colleges, choose a college to attend, and then you will accept and deny each type of aid they may offer you. The way you receive the aid differs per school but federal aid is most always deposited into your college account. My daughter gets hers per semester on the disbursement dates which is about 2 weeks before the semester. These dates she knows because they are posted on her account she logs into. The college will automatically take out their charges like tuition, fees, housing and meal plan and any left over is your refund. They could mail it or my daughters college uses a debit card visa
Contact them: http://www.fafsa.ed.gov/contact.htm
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