| Q.
Should I apply for financial aid?
A. Yes.
Many students and families fail to apply for financial aid
simply because they don't think they qualify. There are many
factors that are taken into account when awarding financial
aid packages, so the only way to be sure is to apply.
Q. How do I
apply for financial aid?
A. To
apply, you must complete a Free Application for Federal Student
Aid (FAFSA). Applications are available from the U.S. Department
of Education at 1-800-4FED AID or online at http://www.fafsa.ed.gov.
You may also pick one up at your school's financial aid office
or at your local library.
Q. When do I
apply for financial aid?
A. You
can apply for financial aid any time after January 1 for the
upcoming academic year. We encourage you to submit your FAFSA
as soon as possible after January 1.
Q. Do I need
to apply for financial aid every year?
A. Yes.
Because financial situations can vary from year to year, the
government requires you to reapply each year.
Q. Can I get
financial aid if I'm a part-time student?
A. Most
financial aid programs are available to students if they attend
school on at least a half-time basis.
Q. Can I get
financial aid if I have defaulted on my prior student loans?
A. You
must make payment arrangements with the holder of your defaulted
loans to regain eligibility for additional financial aid.
Contact your lender or servicer to find out more about their
requirements.
Q. If I receive
a scholarship do I need to report it to my school's financial
aid office?
A. Yes,
as it will affect your eligible aid amount. |