Need a Stafford loan for the 2010-2011 school year? | 12.30.09
If you are counting on a Stafford loan for the 2010-2011 school year listen up! In order to be eligible for a Stafford loan you must file a FAFSA on or after January 1, 2010. This is just two short days away! The information on the FAFSA helps financial aid officers determine student eligibility for all forms of federal aid including subsidized Stafford loan, unsibsidized Stafford loans, Perkins loans and Pell Grants. It is important to file your FAFSA as close to January 1st as possible since some financial aid is awarded on a first come first serve basis.
If you are a senior in high school or someone going to college for the first time you must complete the full FAFSA form. If you have filed a FAFSA before you only need to complete a FAFSA Renewal. Usually there is no need to complete the entire FAFSA again. The renewal form will reflect any changes in your financial situation since you first submitted the FAFSA. If nothing has changed you still need to submit it, but it should be a very easy process.
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What's next after filling out the FAFSA? How do you apply for loans for the 2010-2011 school year?
After you file your FAFSA, you should receive a Student Aid Report (SAR) within a month or two, and your school will forward you a financial aid award package listing all the loans, grants, scholarships etc. that you qualify for. If you have any remaining financial need, you can check out a private student loan or parent PLUS loan to cover the extra cost.
I am still waiting for a reply hoping to win.
I filed my FAFSA in January and got a response. To my shock and dismay it simply said I will be responsible for about $16,000 of my schooling!! There was no mention of Stafford, Perkins, or anything else. What do I do nest?
paying for text books also?