Your Questions About Fafsa

James asks…

fafsa………?

Okay, I’ve already started my fafsa application. But, I didn’t finish cause I had to wait for them to email me my pins. Now, I have my pin number but, everytime I go back to continue my fafsa application that page takes a super long time to load… (and this is before I enter my pin number)….Right now, I have the page loading and Its been like an hour or soo….

Is fafsa really that busy…or is my computer that slow?? And how am I going to finish my application if the page takes long to load???

Nagesh answers:

Must be your computer, are you on Dial? I just tried, typed in FAFSA application and got one right away. The next time you get it down load it, print it out and fill it in manually. Thousand of dollars in aid were not used last year because students never finished filling out their applications. It would be worth it to go to your library to get the application.
Remember to apply for as many college grants as you can. You could end up with enough college grants for all your tuition fees and maybe more. Good Luck

George asks…

Fafsa???????????????

Hi am i eligible for the fafsa If I’m a Canadian student in high school,with divorced parents, pretty poor, and planning to go to the university of Manitoba?

Nagesh answers:

Schools.medianewsonline.com – it has detailed info how to apply for financial aid and scholarships to get more cash.

William asks…

FAFSA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?

HI, what should i do if i put in an email into the fafsa application for last year, that i dont currently have, will they send all of the renewal information to the wrong one? what is the best way to notify them as soon as possible, and have them send it to the right email adresss? i only have a few days till jan 1, and thats when i need to send it in.
thanks

Nagesh answers:

Go to the fafsa website online and complete a new application or you can change information online. However if you don’t have your code you will have to request it online and they will send it to an email address or by mail you get to choose. Just go online to change it.

Steven asks…

I am filling out my FAFSA and was wondering how to calculate income tax?

When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2’s for another few weeks and I want to get my FAFSA done now. Help?

Nagesh answers:

It’s better if you wait until you receive your W-2 but if not, just look at your last pay stub it will be there. Your total wages for the year, it must be your LAST paystub of 2007. If more then one job just add them together.

Make sure you use whole dollar amounts, FAFSA won’t accept cents, so round it up if needed!

Richard asks…

How does FAFSA figure the financial aid you should receive?

I just completed my FAFSA. I’ve lived on my own for two years but I still need my parents tax information, which I think is ridiculous. Does anybody know how they figure what you are able to receive in financial aid?
Well, I’ve already done all this. I’ve done my parents tax information, and mine. I just don’t understand how they assume that if you’re under 25, you still need your parents tax information.

Nagesh answers:

The dependency requirements were decided on by Congress when they originally built the financial aid model. They believe that parents have a responsibility toward helping their children attain their first degree. That is why it is ridiculous. Ridiculous to think that your parents should help! I agree it does hurt a small faction of students though where the parents are ridiculous and refuse to cooperate with the FAFSA information.

Anyhow. The FAFSA collects information about your family size, number of people attending college, income earned and investment values and spits out a number called the EFC (Estimated Family Contribution). This is the number that decides whether you are Pell grant eligible, and is used by the Aid office to determine your overall need and awards. I’m not going to get into the formula… It makes my head hurt and its been a long week.

Give your Aid office a week after you have filed your FAFSA then talk to them about when you can expect an awards letter. If you have already been accepted, or deposited with admissions, the award letter should come pretty soon after they have a chance to process it.

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