Im a parent if i fill out fafsa is this a loan my stepdaughter.I dont want to take out a loan or damage my cre

the fafsa is not a loan application. IT is an application to see if she qualifys for grants both federal and state. If you want to do a loan it is a seperate application.

Filling out the FAFSA is just an application that will determine what types of aid your stepdaughter is eligible for. It is NOT applying for a loan. Once your FAFSA is processed, the school will offere your daughter a "financial aid package" or "award". This award may include a loan for the student (Stafford or Perkins) and/or one for the parent (PLUS) At this point the student has the option to either accept some, all or none of the loans. Any loan that is accepted will have additional paperwork (promissory notes, ect) If a PLUS loan (parent loan) is offered to her, the only way she would get the loan is if you or your husband actually went through the application process and signed a promissory note. If her school offers her a PLUS loan you just need to decline it. The FAFSA is really just a tool used to determine what types of financial aid the student is eligible for. Good luck!

I'm pretty sure it won't affect your credit until you actually apply for a loan. Grants won't affect your credit, because they are not credit. They are grants of money with very few if any strings attached. They do not need to be repaid, thus estimates of your ability and willingness to repay are not relevant to them. It will only matter if you apply for a loan (and odds are, unless you've got massive savings, she's going to need some kind of loan at some point). If you do get a loan, you want to shop for a bank that is known for holding onto its loans...for not selling them to other banks. Wells Fargo is such a bank. If you have a credit union that does student loans, that's another likely prospect. You don't want your loan to end up in the hands of any of the more vile student loan companies (Sallie Mae).

no, fafsa is only the application for financial aid. Whatever schools she applied to will send her a financial aid package based on your efc (estimated family contribution) and your financial history. Loans may be included in the financial aid packages, but they don't have to be put in your name. Make sure her schools don't require the CSS profile too.

Help!!!!!!!!?

Hello Every body, I live in the US and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through really rough times in my life and my name is Helen Peters and in all this hard times, a worse incident occured in my life as i lost my job which was my only means of survival and things became really bad as i had bills to pay and my last son suffered a knee injury incurred when he fell from a tree house and the doctors informed me that he needed a surgical operation for his knee so he could walk again and at this point, life was useless to me as i have no family and no one to run to and each night, i will sit down and cry till the break of dun until one day, i read an advert on yahoo answers of man that stated that he could help people in my shoes with loans and in my desperate situation, i had no choice but i had to try and so shocking and suprising, it was like an impossibility becoming a reality, i got a loan of $60,000 USD even with my bad credit within 48 hours and my sons surgery was done and thank GOD it was successful and now, i am okay and living in comfort with my kids and i said to my self, i have never ever seen this kind of wonder in my life and i decided i will tell it to the whole wild world and i need every one to thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family even when all hope had been lost and gone and i will say to every one, no matter how dark and sinful the world is today, there are still GOD fearing and reliable people on earth and if you are in my former situation or require a loan legitimately, i will advice you contact this loan lender and you can reach him via [email protected] and i want you all to pray for this man for me.

no it is a grant....free