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 Post subject: FAFSA award amount
PostPosted: Tue May 22, 2012 9:13 am 
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Joined: Mon Feb 20, 2012 6:59 pm
Posts: 48
I filed FAFSA and am eligible for 20,500 in federal loans. I paid my seat deposit for a school I thought i was going to and they accepted the full 20,500. However, I changed my mind and am now going to a school Id previously been waitlisted for (and have received no financial aid info for yet)...

Do schools always approve the full amount that FAFSA has approved you for?


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 Post subject: Re: FAFSA award amount
PostPosted: Tue May 22, 2012 9:31 am 
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Joined: Mon Mar 01, 2010 12:28 am
Posts: 1310
beachy wrote:
I filed FAFSA and am eligible for 20,500 in federal loans. I paid my seat deposit for a school I thought i was going to and they accepted the full 20,500. However, I changed my mind and am now going to a school Id previously been waitlisted for (and have received no financial aid info for yet)...

Do schools always approve the full amount that FAFSA has approved you for?


I believe it's capped at cost of attendance (which varies school to school). Since you are switching to a school that you were waitlisted at, I assume you aren't getting a ton of scholarship money, so they should offer you the full amount.


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 Post subject: Re: FAFSA award amount
PostPosted: Tue May 22, 2012 9:42 am 
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Joined: Mon Feb 20, 2012 6:59 pm
Posts: 48
Kikero wrote:
beachy wrote:
I filed FAFSA and am eligible for 20,500 in federal loans. I paid my seat deposit for a school I thought i was going to and they accepted the full 20,500. However, I changed my mind and am now going to a school Id previously been waitlisted for (and have received no financial aid info for yet)...

Do schools always approve the full amount that FAFSA has approved you for?


I believe it's capped at cost of attendance (which varies school to school). Since you are switching to a school that you were waitlisted at, I assume you aren't getting a ton of scholarship money, so they should offer you the full amount.


No scholarship, but the COA is around 19-20K so Im hoping youre right. Thanks!


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