<p>I was wondering if anyone knew if the amount of colleges you post on your fafsa affects the amount of money given to each individual college. I have five colleges on my fafsa, because I’ve been trying to get the classes which I need to transfer; but now, I am attending an online college which is going to be almost 6000 a year. The amount which my fafsa says that I can receive is 5500.</p>
<p>So, if I have 5 colleges on there, will the money be divided, even if I don’t attend the other ones?</p>
<p>FYI: I would like to keep the colleges on there just in case I want to take a side class.</p>
<p>Will you be taking classes at more than one college at the same time? </p>
<p>If so, will you be enrolled as a degree candidate at one of them, or will you just be in non-degree status at all of them?</p>
<p>No, the number of schools on the FAFSA form has no relation to the amount of loan you are able to get. However I believe the amount of loan (subsidised part) does depend on whether you have need or not, and the unsubsidised part is always available as long as you file and meet all the requirements.</p>
<p>The need is defined as: COA (Cost of Attendance) - EFC - Financial Assistance (Financial aid).</p>
<p>Out of the $5500, I believe $4000 of it is subsidised.</p>
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<p>In loans or in Pell? What is your EFC? </p>
<p>If in loans, then up to 3500 can be subsidized if there is need.</p>
<p>You can only receive financial aid at one school at a time… not multiple schools. You will be able to use the full 5500 on one school and only one school.</p>