Why did FAFSA give me so little?
Generally, a lower-cost college will provide less financial aid because the student’s financial need will be lower. If the student’s dependency status changes, this can affect the EFC. Since the FAFSA requires financial information from just one parent, called the custodial parent, this can cause a decrease in the EFC.
Is there a waiver for FAFSA?
The FAFSA makes available several types of loans and grants from the federal government, while the California College Promise Grant can waive enrollment fees for qualified students. Apply for the California College Promise Grant and complete a FAFSA application.
What are three things you need to complete the Wasfa?
Eligibility requirements include:
- Must have graduated from a Washington high school or obtained a GED® (or will do so before beginning college)
- Must have lived in Washington for three years prior to, and continuously since, earning a high school diploma or equivalent.
How do I access my FAFSA money?
Your FAFSA status can be found on the “My FAFSA” page, which displays immediately after you log in if you have already started or completed a FAFSA form. To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school.
Why did my financial aid disappear?
Why has my financial aid “disappeared”? Aid will show as “Anticipated” until it has disbursed. After your aid has disbursed, it will “disappear” from your Account Summary until funds have been officially posted to your bill (usually one business day).
What if financial aid is less than tuition?
If you weren’t able to get enough in federal aid, and your parents aren’t able to take out a loan on your behalf or cover the balance of your tuition, you may be able to borrow additional loans from a private lender. You can start learning what private student loans are available by inquiring with a variety of lenders.
Is FAFSA form mandatory?
Any student, regardless of income, who wants to borrow federal student loans (also known as Stafford or Direct student loans), must fill out FAFSA to get access to these loans. In addition, any parent, regardless of income, who would like to borrow the Parent PLUS Loan must also fill out FAFSA.
Can I opt out of financial aid?
You can cancel all of or a portion of a loan disbursement within 120 days of the date your school disbursed (paid out) your loan money. If you choose to cancel the amount disbursed, you will return the money you received, and you will not be charged interest or fees. Was this page helpful?
Can I get both FAFSA and Wasfa?
Yes, a student may receive significant financial aid as a result of completing a FAFSA/WASFA, but it will not cover the full cost of attendance.
Who should fill out the Wasfa?
The WASFA is for students who don’t have access to federal funding because of their immigration status (includes undocumented students). All other current and prospective students should fill out the FAFSA.
Do you have to pay back FAFSA money?
FAFSA is not the financial aid itself, so you do not have to pay it back. However, students may use the term FAFSA to refer to the financial aid awarded after the student files the FAFSA. Student loans, on the other hand, must be repaid, usually with interest. Federal student loans may be subsidized or unsubsidized.