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How do you know how much financial aid you're receiving?

samanthaasamanthaa Posts: 8Registered User New Member
edited February 2012 in Financial Aid & Scholarships
I filed the FAFSA back in January, and I haven't gotten any feedback.
How do I know how much I'm eligible for, and how much I'm going to get? And does FAFSA do the student loans also?
Post edited by samanthaa on

Replies to: How do you know how much financial aid you're receiving?

  • thumper1thumper1 Posts: 50,658Registered User Senior Member
    Your school will send you a financial aid award either via email or mail. FAFSA is an application that collects financial information for the school(s) to use to determine eligibility for federal need based aid. FAFSA does not award money.

    Anyone completing a FAFSA is eligible for a Stafford Loan. If you have financial need it will be subsidized. If not, unsubsidized.
  • samanthaasamanthaa Posts: 8Registered User New Member
    All right, thanks.
    Approximately when do you think the letter/email will be sent out? On average, of course.
    I've been accepted to Michigan State University, and I've heard nothing from the Financial Aid Office. Frankly, I'm a bit worried. Am I stressing too much over something that will come in due time?
  • iseeyou09iseeyou09 Posts: 2Registered User New Member
    I was accepted to UT-Austin this past Friday (3-13) and within a few days they sent me a confirmation letter stating that they received my FASFA information and were processing it. You might want to call the Financial Aid office
  • Psycho'78Psycho'78 Posts: 273Registered User Junior Member
    Have you tried the link that is provided at the MSU financial aid website?

    Go to their financial aid homepage and click on purple StuInfo/eFINAID banner on the right side. It should be there. If not, call the school.
  • kingco1kingco1 Posts: 1Registered User New Member
    whats the highest a FAFSA can give you
  • emeraldkity4emeraldkity4 Posts: 35,861Registered User Senior Member
    Highest EFC would be $99,999.In that case you would be eligible for unsubsidized Stafford loans nothing more, unless your school awarded you non-need related merit award.

    FAFSA doesn't give you anything. It will say if you qualify for Pell grants.
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