Find solution
What is required to qualify for financial aid?

If I dont qualify for grants, does financial aid only include loans? I need aid advice!?

  • I thought i knew about the federal financial aid process, but now I am doubting myself. Here are my thoughts and questions: I am wondering if I am going to qualify for any grants. If i dont qualify for state grants, will the aid I get only be i loans? I kinda thought that financial aid would take care of part of the cost of education, but not only through grants. What are the stipulations and qualifications for different government grants? I am married, 23, and our income is less than 35,000/year. My EFC was around 9,000. I dont know if those numbers are good or bad for aid... I wont be able to pay a lot myself because we have credit card debt and I dont want any more debt in our name. So, does anyone have any real, good advice for me? Ive been out of school for 4-5yrs but i was a smart, good student. I got a lot of a's and b's so my GPA was pretty good if that means anything. Please only answer if you have real advice, and if you know what you are talking about, thanks!!

  • Answer:

    With an EFC that high, you aren't going to qualify for federal grants (Pell) or likely any state grants either. The financial aid you will probably be offered is Unsubsidized Stafford Loans, and any scholarships you might apply for and earn separately (FAFSA is not a scholarship application so you'd need to apply for these separately). Federal student loans require no cosigner and no credit check to get. However there is a max amount you can borrow depending on your classification. I'm attaching a good publication about loans and to explain the whole financial aid process in detail. Unfortunately most "financial aid" is loans, if you are unwilling or unable to take them out I would suggest attending school part time so you can "pay as you go" and still work full time. Another thing is to ask a spouse to get a second job or find a cheaper school. Good luck PS it is not true that because you are married you qualify for fewer grants and loans, people who are married (independent) qualify for more loans than those who are dependent.

silver_d... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Are you are tired of walking into banks with them having the advantage of obtaining a loan? Why not turn the tables on them for once? Whether you are looking for a personal loan for the holidays, a debt settlement loan, student loans, or you want to take advantage of the lowest interest rates in decades,contact Mr Kelly Smith via email [email protected] their service is SECURE, SIMPLE, and best of all, it's free! So fill out thier form, sit back, relax, and watch the opportunities start rolling in!

smitloanholdings03

Hi, I am Tilley do you need any answer about needing a loan? In the internet they are lot of scams out there.I have decided to ask you to take the right decision of taking a loan. I got a loan of $125,000 usd from a loan company online and i was lucky not be scammed.they have decided to help people with low income due to global credit crunch Contact them at email:[email protected] their interest rate is simply great 0.2%.they have a yahoo email account on our interest because its makes contacting them easier.i assure you that you wont regret taking a loan from them. take advantage of this great offer now.And avoid Been Scammed sincerely, Tilley

Tilley W

Because you are married you qualify for fewer grants and loans, and that's why your EFC is so high. You may be able to qualify for academic-based scholarship money through the school, but as far as the financial aid application goes here's the deal: If you don't qualify for any state or federal grants (because of your married income status and income) you may ONLY qualify for loans. The rates on these loans won't be that favorable for you either since you've been out of school and are now married. What I suggest is to 1) Fill out the Federal Application for Federal Student Aid and have the results sent to the schools you'd like to go to. Once it has gone through 2) Go to the school and talk to the financial aide counselor. He/She will outline all that you qualify for, tell you how much of your education is still unpaid, and offer you either grade-based school money or alternative loan options that would best fit your financial status.

Brittany MB

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.