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Is there any other financial aid rather than FAFSA?

I made 4 corrections on the FAFSA for financial aid. Is that too many corrections?

  • For my 2010-2011 FAFSA, I made 4 corrections. In the summer of 2010 I submitted my first FAFSA and I put that I would be enrolled half time at a community college and my EFC was around 6800 with my income at $31,000. My second and third FAFSA correction was in November and I changed my income to $30,000 and changed my school to a University that I just found out I got accepted to and my EFC was 6373. I just handed in all my required documents in late Dec to the school and she said I should hear back from them in a few weeks. A few days after in the end of Dec I realized that I should decrease my income on the FAFSA with another correction because I did not originally minus all the days that I was not paid for my one month lay-off, my unpaid mandatory winter and summer holidays, my unpaid sick days etc. I lowered my income to $24,000 and my EFC is 3752. Will this cause problems in my FAFSA process? Will I need to submit more documents because of this or can they just figure this out by looking at my SSN? Will there be a delay in the processing and, if so, how much of a delay? How much financial aid will I be eligible? I'm married with no kids and my husband had no income.

  • Answer:

    Excessive corrections triggers you to be selected for verification. Which you were... obviously, because not all schools require you to turn in all the documents you had to. The fafsa does not ask, "About how much money did you make?" with you responding 31,000 or 24,000 or even 30,000. They want to know EXACTLY how much money you earned from working from your W2 forms... as in $29,158 anything else is simply wrong and your excessive corrections (which were wrong) are having to be corrected by the schools financial aid office office when they get your w2 forms and taxes. The other questions on the fafsa are the same, "What is your AGI?" unless you answer EXACTLY as it is on your taxes, then anything else like 20,000 is simply wrong and is corrected when you turn in your paperwork..... meaning your EFC will prob change again. Next time, follow the instructions on the fafsa and save your self some trouble (and all those corrections) and lessen your chances of getting selected for verification (more delays) and fill out your fafsa CORRECTLY the first time. Get the numbers right off your tax forms and w2 forms and get an accurate EFC from the start. This also means DO NOT do your fafsa in January because you won't have your taxes done by then. Do your fafsa by Valentines day (you will have your w2s by then) and then you will not have to do ANY corrections. Doing your fafsa on Jan 2 WILL GUARANTEE you'll get selected for verification... whoever suggested that is an idiot. Save time, do it ONCE, RIGHT! PS: Those who are getting aid for spring completed all their paperwork for their fafsa back in Feb and March (9 months ago) you are late! Your aid isn't going to be ready if your school starts in January. Most schools are closed for the christmas break. Do your fafsa in Feb or march (this time) and that way you don't have to start school with no aid and no money for books.... hope your school doesn't drop your classes for non payment!

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FAFSA itself does not require documentation. Any documentation that is required will eventually be sent to the school. Changes to the FAFSA are of no consequence to the FAFSA; the FAFSA itself is basically just a computer program. The school will often verify your information by asking for your tax forms. Have signed copies ready to go for them. They are required to randomly verify a large percentage of their students every year, so it may be random, or it may be a question they have because of something you entered. There shouldn't be a delay as long as you quickly send your documents if they request them. Perfectly even numbers often trigger requests for verification, because they are obviously estimations. You should definitely make changes when you notice something is inaccurate. Don't be afraid to change things several times. The one exceptions is this--after verification, don't change anything again. Instead call the financial aid office to ask about changes that might need to be made. Since they looked at your tax forms, there should be no need to change anything of consequence after verification. If your EFC is 3752, you should be eligible for 1800 in Pell grant.(5500 minus your rounded down EFC) But this also depends on the cost of attendance at the college. You will also be offered subsidized Stafford loans as well as Unsubsidized loans. The Subsidized loans are the good ones. They don't gain interest during school. And, by the way, enter all schools that you consider going to when you first fill out the FAFSA. You will definitely get more grants from the school you end up at that way. Grant deadlines are too early to wait and see. Each school is assigned a grant amount to dispense. The schools will run out of money by the time they get your FAFSA to them if you don't put them on the list right away. As always, fill out next year's FAFSA on January 2nd. January 2nd. January 2nd.

J C Bock

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