Answers To Your Questions About Fafsa
Richard asks…
FAFSA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?
HI, what should i do if i put in an email into the fafsa application for last year, that i dont currently have, will they send all of the renewal information to the wrong one? what is the best way to notify them as soon as possible, and have them send it to the right email adresss? i only have a few days till jan 1, and thats when i need to send it in.
thanks
Green Thumb answers:
Go to the fafsa website online and complete a new application or you can change information online. However if you don’t have your code you will have to request it online and they will send it to an email address or by mail you get to choose. Just go online to change it.
John asks…
fafsa………?
Okay, I’ve already started my fafsa application. But, I didn’t finish cause I had to wait for them to email me my pins. Now, I have my pin number but, everytime I go back to continue my fafsa application that page takes a super long time to load… (and this is before I enter my pin number)….Right now, I have the page loading and Its been like an hour or soo….
Is fafsa really that busy…or is my computer that slow?? And how am I going to finish my application if the page takes long to load???
Green Thumb answers:
Must be your computer, are you on Dial? I just tried, typed in FAFSA application and got one right away. The next time you get it down load it, print it out and fill it in manually. Thousand of dollars in aid were not used last year because students never finished filling out their applications. It would be worth it to go to your library to get the application.
Remember to apply for as many college grants as you can. You could end up with enough college grants for all your tuition fees and maybe more. Good Luck
Maria asks…
Fafsa???????????????
Hi am i eligible for the fafsa If I’m a Canadian student in high school,with divorced parents, pretty poor, and planning to go to the university of Manitoba?
Green Thumb answers:
Schools.medianewsonline.com – it has detailed info how to apply for financial aid and scholarships to get more cash.
Carol asks…
I am filling out my FAFSA and was wondering how to calculate income tax?
When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2′s for another few weeks and I want to get my FAFSA done now. Help?
Green Thumb answers:
It’s better if you wait until you receive your W-2 but if not, just look at your last pay stub it will be there. Your total wages for the year, it must be your LAST paystub of 2007. If more then one job just add them together.
Make sure you use whole dollar amounts, FAFSA won’t accept cents, so round it up if needed!
Donna asks…
How does FAFSA figure the financial aid you should receive?
I just completed my FAFSA. I’ve lived on my own for two years but I still need my parents tax information, which I think is ridiculous. Does anybody know how they figure what you are able to receive in financial aid?
Well, I’ve already done all this. I’ve done my parents tax information, and mine. I just don’t understand how they assume that if you’re under 25, you still need your parents tax information.
Green Thumb answers:
The dependency requirements were decided on by Congress when they originally built the financial aid model. They believe that parents have a responsibility toward helping their children attain their first degree. That is why it is ridiculous. Ridiculous to think that your parents should help! I agree it does hurt a small faction of students though where the parents are ridiculous and refuse to cooperate with the FAFSA information.
Anyhow. The FAFSA collects information about your family size, number of people attending college, income earned and investment values and spits out a number called the EFC (Estimated Family Contribution). This is the number that decides whether you are Pell grant eligible, and is used by the Aid office to determine your overall need and awards. I’m not going to get into the formula… It makes my head hurt and its been a long week.
Give your Aid office a week after you have filed your FAFSA then talk to them about when you can expect an awards letter. If you have already been accepted, or deposited with admissions, the award letter should come pretty soon after they have a chance to process it.
Charles asks…
When applying for FAFSA does your financial aid start in Fall?
I have a friend who needs financial aid for this spring semester, and I am afraid that financial aid through FAFSA doesn’t start until fall semester. I assume she can get financial aid for summer through the school, but what should she do for spring quarter after this winter quarter?
Green Thumb answers:
She can get it to start in the spring 09. She needs to go online at http://fafsa.ed.gov and select the 2008-2009 fafsa. If she is starting school next week and is just now applying, her aid won’t be processed by the time school starts, but she can still get it. They can can still process it after the semester starts. If the school wants money before, maybe she can borrow it from someone. Some schools will let you attend classes with an outstanding balance as long as you have fin aid pending.
Susan asks…
What is the difference between Ford loans and FAFSA?
I know they are both federal loans but what makes them different? I have already applied and recieved acceptance for my fafsa but will I get more money if I apply for a Ford Loan?
Also will the ford loan be more expensive than FAFSA?
Green Thumb answers:
The FAFSA is merely a FORM from which the Department of Education assesses your eligibility for Federal Financial Aid. Yes, all FEDERAL and most STATE aid in the form of either grants or loans come from that form!
REPEAT: The FAFSA is a form that your FA Office will send to the DOE to see whether or not you are eligible for any grants or loans. Grants are NEED-BASED and never have to be paid back. Any LOANS you have to take out will go into repayment mode 6 months after you leave school or drop below 1/2 time.
Helen asks…
How can the FAFSA form for the 2010-2011 school year have a priority deadline of February 1st?
Some parents don’t even get their W2 forms until after February 1st, so they don’t know what their gross income is, let alone their adjusted gross income. If somebody that is filling out the FAFSA 2010-2011 school year form or somebody else who knows can help me clear this up, that would be great. Thank you.
Green Thumb answers:
When filling it out choose “WILL FILE” then enter the information from 2008, if it’s about the same. Later you can update it with “HAS FILED” and the correct information. 
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