Financial Aid - Frequently Asked Questions

There are so many questions that run through a student’s mind when they start applying for financial aid. Here are some of the most frequently asked questions that you may find helpful

What is the FAFSA and Where Can I Get a Copy?

The FAFSA is the Free Application for Federal Student Aid. This is an application that most public Colleges use to help them determine how much financial aid you need. There are several places where you can get a copy of this application. You can actually file this form online, you can ask your guidance counselor for a copy. You can get a copy of the FAFSA from the College Financial Aid Office. Place like your local library may have a form available. If you are having trouble locating a FAFSA, call 18004FedAid.

Can I Send in a Photocopy of the FAFSA?

No, only forms created by the United States Department of Education will be accepted by Colleges and Universities. Make sure that you meet the deadline of March 1st. Make sure that you doublecheck the deadline.

How long does it take before I hear anything from the FAFSA?

If you file online then you should be able to check on the status in a week or so. If you mailed in the application you should hear something within a few weeks. Your answer will come in the form of a Student Aid Report or SAR. If you do not receive the packet by 4 weeks after you sent in the application then you can call 18004FedAid. You will need to have your Social Security Number and your date of birth to verify who you are.

Where can I find information on Federal Student Aid?

If you are having trouble finding some resources for school aid then you can call the Federal Student Aid Information Center at 18004FedAid. This is an authentic phone number set up by the United States Department of Education. You can get all of the information from this phone number, they can steer you in the direct direction.

If I get a student loan and I default will my parents be responsible?

Parents would only be responsible for PLUS Loans. If you have a standard student loan and only you signed the loan then you would be held responsible. If your parents cosign a loan for you then they will be held responsible for that loan. No matter who is signed the loan paperwork; you should be doing your best to make sure that the loan gets paid off. The best part of these loans is that they are deferred payment until you graduate. This should leave you plenty of time for you to start saving or to start formulating a plan for repayment.

The best way to get information about financial aid is to call the Department of Education. Talk to your guidance counselor about different student aid, you could utilize grants, scholarships and much more. Funding your College Tuition should be a priority and the faster you get the funding the more relaxed about starting College you will be.