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?
FAFSA award amount Forum
- Kikero
- Posts: 1233
- Joined: Mon Mar 01, 2010 12:28 am
Re: FAFSA award amount
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.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?
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- Posts: 48
- Joined: Mon Feb 20, 2012 6:59 pm
Re: FAFSA award amount
No scholarship, but the COA is around 19-20K so Im hoping youre right. Thanks!Kikero wrote: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.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?