Fill out the FAFSA?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
ivantheterbl
Posts: 83
Joined: Sat Jun 26, 2010 10:04 am

Fill out the FAFSA?

Postby ivantheterbl » Thu Jan 20, 2011 12:36 pm

So I am still claimed by my parents on their income taxes as a dependent, and knowing their income I am 99% sure I will receive no need based aid from any schools. I definitely want to be considered for merit based aid at all schools, but iirc the FAFSA is not needed in order to be considered. Basically my questions is whether or not there would be any reason to fill out the FAFSA if there is essentially no chance of receiving need based aid (idk if it is still needed for anything else, does it help with merit based aid, etc)

duckmoney
Posts: 886
Joined: Sun Jun 13, 2010 2:21 pm

Re: Fill out the FAFSA?

Postby duckmoney » Thu Jan 20, 2011 12:44 pm

I'm in same situation. If you will take loans, fill out the FAFSA. If not, don't. I plan to not take out any loans, so I'm not going to fool with it.

ivantheterbl
Posts: 83
Joined: Sat Jun 26, 2010 10:04 am

Re: Fill out the FAFSA?

Postby ivantheterbl » Thu Jan 20, 2011 3:27 pm

So if you end up having to take out loans you need to have it filled out?

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tgir
Posts: 314
Joined: Wed Jul 14, 2010 7:01 pm

Re: Fill out the FAFSA?

Postby tgir » Thu Jan 20, 2011 3:28 pm

ivantheterbl wrote:So if you end up having to take out loans you need to have it filled out?


For federal loans, yes, you need to fill out FAFSA.

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northwood
Posts: 4872
Joined: Fri May 14, 2010 7:29 pm

Re: Fill out the FAFSA?

Postby northwood » Thu Jan 20, 2011 3:33 pm

If you want federal loans you will have to fill it out.

for merit based aid, you dont.




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