How permanent is the FAFSA money for college?
Question by Katie: How permanent is the FAFSA money for college?
I got into Northeastern University (in Boston), my number one choice school, and I got my FAFSA back and they gave me a lot of money but I literally have NO money for college so it isn’t really enough. When my brother got accepted at DePaul and they gave him his FAFSA stuff, my mom called and convinced them to give us more. Can she do that again for Northeastern so I’ll be able to go? I want to go so bad but it’s just so expensive. :/
Best answer:
Answer by Judy
Your mom can try. I am from Boston and I know that Northeastern is expensive and aid doesn’t always cover it. You might be able to get private loans to help pay for tuition.
Know better? Leave your own answer in the comments!
October 14th, 2011 at 10:09 am
It wouldn’t hurt for your mom to try and talk to a financial aid person at the school. They might be willing to give you more.
However, I will tell you that Financial Aid is there to “help” and in most cases does not cover all of tuition unless you attend a really cheap school.
October 14th, 2011 at 10:41 am
It really depends on how much you were awarded. If you’re already receiving the maximum in Pell grant ($ 5,550/year) or in federal stafford loans ($ 5,500/freshman year), then there’s nothing more to receive from fafsa. There are a few other smaller grants that you may have qualified for, or you may have qualified for some school grants, but that’s information that will be in your awards letter. If you qualified for school grants, then you may be able to ask for an increase in those grants – but you won’t be given an increase in federal grants. In addition, your parents can take out a parentPLUS loan (if they are willing) to help cover the cost of tuition, you can take out private loans (may need a cosigner), or you can apply for tons of scholarships and try to win some money from those. Be advised that financial aid is not guaranteed to be the same from year to year, so if you qualified for the full Pell grant this year, next year your information may change and you may only get $ 1,000 in grant money – or none at all. Good luck to you.