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Is there financial aid for everyone?

#financial-aid #college #federal-government

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Jacqueline’s Answer

Financial Aid is considered to be grants, loans, tuition waivers, and scholarships. While not everyone is eligible for need-based or merit-based aid, unsubsidized loans are available for most students. You will need to complete a FAFSA at studentaid,gov to see what federal and state aid you qualify for. Each college and state has its own deadline.

Jacqueline recommends the following next steps:

Go to studentaid,gov to complete the FAFSA
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Roger’s Answer

Based on my experience, no, there is not financial aid for everyone. Depending on parents income, the money they have saved, the college you select, and other factors -- Financial Aid is NOT available for everyone. I know from experience, I paid full out of state tuition for my two daughters to go to Arizona State University. There was no Financial Aid... and according to FAFSA our Expected Family Contribution was $234,554 a YEAR. We simply wrote the check... and it was worth every penny.
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Sheila’s Answer

Hi Taylor:

No. Start by meeting with your Guidance Counselor to help navigate and educate you on the financial aid process. Work on the FAFSA (Free Application for Federal Student Aid) form as early as possible. This will require your parents income and tax information, any jobs you have held, savings and checking account information, etc. FAFSA will determine your "Expected Family Contribution (EFC)".

WHAT IS EXPECTED FAMILY CONTRIBUTION
Your Expected Family Contribution (EFC) is an index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The information you report on your FAFSA, including specific tax information and family income, is used to calculate your EFC.

As you research financial aid make sure to check the following areas:
• Local Community - (see if there are offering any scholarships)
• Church - (they may be willing to support you with a scholarship)
• Family - (they may be willing to pay for books, supplies, extras, etc. etc.)
• Parents Work Place - (ask your parents if their employer offer scholarships)

I wish you much success on your journey. Best of luck to you!

Sheila recommends the following next steps:

Calculating your Expected Family Contribution (EFC) • https://studentaid.gov/complete-aid-process/how-calculated
Completing the FAFSA • https://studentaid.gov/apply-for-aid/fafsa/filling-out
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Katie’s Answer

No and this is why a lot of folks are in debt after graduation. There are a lot of ways to help yourself in these situations, look for every scholarship and apply for them. There are a lot out there and even the smallest ones can help with books and other supplies as needed. Look at grants which are paid differently. Talk to your school guidance counselor; I found mine to be super helpful when starting the college application process as they were very well versed in scholarship applications and the FASFA process. If you don't have a guidance counselor try the school librarian. These days unfortunately schools are so expensive and not everyone gets aid, so start looking now to see what can help you pay. Also, consider a community college for the first two years. In my state I was able to take some college credits my senior of high school which spread out the pain a bit.

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Veronica’s Answer

I have to reiterate - if you can take College Credits in HS you can possibly eliminate a year from college in this way. I'd also consider going to community college for the freshman foundational classes to save money.
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