financial aid Forum
- northwood
- Posts: 5036
- Joined: Fri May 14, 2010 7:29 pm
financial aid
I just sent in all of my applications, andam wondering when I should send out my financial aid info:
Should I wait until I hear if Im in or out before doing it ( I dont want to waste time), or just suck it up and apply for financial aid to all schools anyways ( I have done fasfa for this year, and have my 2009 tax returns done- but i know i will need the 2010 tax stuff to do the aid)
thanks for your help
Should I wait until I hear if Im in or out before doing it ( I dont want to waste time), or just suck it up and apply for financial aid to all schools anyways ( I have done fasfa for this year, and have my 2009 tax returns done- but i know i will need the 2010 tax stuff to do the aid)
thanks for your help
- homestyle28
- Posts: 2362
- Joined: Thu Jun 04, 2009 12:48 pm
Re: financial aid
You'll be applying for aid for 2011-12, You can't submit that FASFA until Jan 1 2011. Schools vary if they have seperate aid apps, and those deadlines. Except for the FASFA, it's nothing you need to worry about until you get some admits.northwood wrote:I just sent in all of my applications, andam wondering when I should send out my financial aid info:
Should I wait until I hear if Im in or out before doing it ( I dont want to waste time), or just suck it up and apply for financial aid to all schools anyways ( I have done fasfa for this year, and have my 2009 tax returns done- but i know i will need the 2010 tax stuff to do the aid)
thanks for your help
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- Posts: 122
- Joined: Thu Nov 04, 2010 6:14 pm
Re: financial aid
Wondering something similar that doesn't deserve its own thread.
I'm sure the answer is that "it varies," but assuming you fill out the FAFSA first thing in January, how long until you start hearing back on packages? (Assuming you've been admitted/received merit at a few places already.)
I'm sure the answer is that "it varies," but assuming you fill out the FAFSA first thing in January, how long until you start hearing back on packages? (Assuming you've been admitted/received merit at a few places already.)
- homestyle28
- Posts: 2362
- Joined: Thu Jun 04, 2009 12:48 pm
Re: financial aid
I think people hear a lot between March and April.Frankie55 wrote:Wondering something similar that doesn't deserve its own thread.
I'm sure the answer is that "it varies," but assuming you fill out the FAFSA first thing in January, how long until you start hearing back on packages? (Assuming you've been admitted/received merit at a few places already.)
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- Posts: 122
- Joined: Thu Nov 04, 2010 6:14 pm
Re: financial aid
So you basically have weeks or less to take in all that information and put down a deposit somewhere? Crazy.
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- northwood
- Posts: 5036
- Joined: Fri May 14, 2010 7:29 pm
Re: financial aid
the part that im still confused is that im trying to get need based aid for next year. In order to have it done, i need to submit this info with my initial application. I called the school, and even though im 27 and have been financially independent since 21, since im under 30 they need to have my parents financial info in order to determine how much aide im eligible for ( it would be agrant that i dont have to pay back- which would lower my overall cost of attendance).
- Perch
- Posts: 517
- Joined: Wed Jun 30, 2010 12:36 pm
Re: financial aid
Question: On an application I just submitted, one question was "Will you be applying for financial aid?" I selected yes, thinking it was to make you eligible for scholarships, but now I'm starting to realize/think that "financial aid" is probably something different. Am I right?
- homestyle28
- Posts: 2362
- Joined: Thu Jun 04, 2009 12:48 pm
Re: financial aid
That sounds fishy to me. I've been in graduate programs since I was 26 and have applied for aid every year, never needed this info.Frankie55 wrote: called the school, and even though im 27 and have been financially independent since 21, since im under 30 they need to have my parents financial info in order to determine how much aide im eligible for
Financial Aid is a broader category that encompasses scholarships, loans, grants, and work study. Saying you plan on applying for FA should not affect your eligibility for schollys.Perch wrote:Question: On an application I just submitted, one question was "Will you be applying for financial aid?" I selected yes, thinking it was to make you eligible for scholarships, but now I'm starting to realize/think that "financial aid" is probably something different. Am I right?
- Perch
- Posts: 517
- Joined: Wed Jun 30, 2010 12:36 pm
Re: financial aid
how about affecting admissions?homestyle28 wrote:Financial Aid is a broader category that encompasses scholarships, loans, grants, and work study. Saying you plan on applying for FA should not affect your eligibility for schollys.Perch wrote:Question: On an application I just submitted, one question was "Will you be applying for financial aid?" I selected yes, thinking it was to make you eligible for scholarships, but now I'm starting to realize/think that "financial aid" is probably something different. Am I right?
- northwood
- Posts: 5036
- Joined: Fri May 14, 2010 7:29 pm
Re: financial aid
it does not affect your admission chances.
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- Posts: 74
- Joined: Mon Oct 05, 2009 11:13 am
Re: financial aid
this is very common amongst law schools. for fafsa purposes you are automatically considered independent (whether or not you are actually dependent), but many (if not most) law schools require your parents information for need-based aidhomestyle28 wrote:That sounds fishy to me. I've been in graduate programs since I was 26 and have applied for aid every year, never needed this info.Frankie55 wrote: called the school, and even though im 27 and have been financially independent since 21, since im under 30 they need to have my parents financial info in order to determine how much aide im eligible forFinancial Aid is a broader category that encompasses scholarships, loans, grants, and work study. Saying you plan on applying for FA should not affect your eligibility for schollys.Perch wrote:Question: On an application I just submitted, one question was "Will you be applying for financial aid?" I selected yes, thinking it was to make you eligible for scholarships, but now I'm starting to realize/think that "financial aid" is probably something different. Am I right?
- Perch
- Posts: 517
- Joined: Wed Jun 30, 2010 12:36 pm
Re: financial aid
so will everyone who is not paying straight cash on their own or having someone else pay for it (ie. parents) check "yes" for the financial aide question?YCrevolution wrote:Extremely unlikely. You're borrowing money from the federal government, so it doesn't make that much difference to the school. For UVA, they used to ask (and I think they still ask) so that they can send you financial aid information in Janurary/February.Perch wrote:how about affecting admissions?homestyle28 wrote:Financial Aid is a broader category that encompasses scholarships, loans, grants, and work study. Saying you plan on applying for FA should not affect your eligibility for schollys.Perch wrote:Question: On an application I just submitted, one question was "Will you be applying for financial aid?" I selected yes, thinking it was to make you eligible for scholarships, but now I'm starting to realize/think that "financial aid" is probably something different. Am I right?
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- vanwinkle
- Posts: 8953
- Joined: Sun Dec 21, 2008 3:02 am
Re: financial aid
I can say with certainty that several top law schools do require this information for people under the age of 29 (how they picked that figure I'm not sure) in order to perform determinations for need-based grants. They will factor in your parents' income if you're below the age threshold, whether or not your parents actually intend to contribute; at some schools there's no way around it, while at others they let you opt out by choosing only to be considered for merit-based grants instead of merit and need-based grants.homestyle28 wrote:That sounds fishy to me. I've been in graduate programs since I was 26 and have applied for aid every year, never needed this info.Frankie55 wrote: called the school, and even though im 27 and have been financially independent since 21, since im under 30 they need to have my parents financial info in order to determine how much aide im eligible for
Either way you're still eligible for federal loans up to the full cost of tuition and calculated living expenses.
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