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Old 01-05-2008, 01:54 AM   #1
Junior Member
 
Join Date: Oct 2006
Posts: 41
FAFSA: high income

i remember when my friend told me about FAFSA, he said that everyone gets some "financial aid" no matter how high/low the income.
i just began to fill out my FAFSA worksheets and my dad's discouraging me to do it because he's so sure that our income is "too high" for FAFSA to provide any financial aid.

so now im confused & i dont know who's right: my friend or my dad?
neshioes is offline   Reply   
Old 01-05-2008, 03:06 AM   #2
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Join Date: Aug 2004
Location: Pacific Northwest
Posts: 7,033
loans are also considered financial aid
In fact some schools aid consists of a lot of self-help
Loans and workstudy
To get a Stafford loan- you have to fill out FAFSA
but even Jennifer Gates will be able to take out a Stafford loan
emeraldkity4 is offline   Reply   
Old 01-05-2008, 07:32 AM   #3
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Join Date: Sep 2007
Posts: 1,588
Go look at some EFC calculators on the web; google "EFC calculator" or go to finaid.org; that will give you some idea of whether you will get any. You can use both "federal methodology" worksheet and "institutional methodology" worksheet" (institutional is used by many private colleges and involves filling out CSS/Profile forms). FAFSA is just a form used by the colleges, FAFSA does not "provide financial aid"

It is good that your dad recognizes that his income may be too high for aid!!!! So many families are STUNNED when they receive such news!
Muffy333 is offline   Reply   
Old 01-05-2008, 10:09 AM   #4
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Join Date: Apr 2006
Posts: 1,956
You should do the FAFSA anyway. You will see some unsubsidized loans, which you can decline. If you don't do the FAFSA this year you may not be eligible in future years. If something changes your family's financial situation, you will regret not doing the FAFSA this year.
ebeeeee is online now   Reply   
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