<p>Hi, I am filing my FAFSA…Does choosing work-study option impact how much grant you get from colleges? Similarly, What impact does choosing In Campus, with parent, off campus options etc have on the aid? I want to stay in campus but i can’t afford it (but the college is near my home).</p>
<p>Thank you.</p>
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<p>Most schools have a different total cost of attendance based on where you reside. Typically on campus and off campus have higher cost of attendance than living with parents (commuting from home). Your financial need will be based on YOUR total cost of attendance and that will depend on where you reside.</p>
<p>If you want to be considered for work study or loans, check that box. It shouldn’t have an impact on your overall award.</p>
<p>Remember, the FAFSA is largely used to compute the eligibility for federally funded need based aid only…the Pell Grant, Stafford loans (whether subsidized or not is based on your need), Perkins loans, Work Study, and some other funding like SEOG, and some state grants.</p>
<p>Thank you for quick replay. Another question…If I submit my fafsa tomorrow (feb 10) . Will it be good for Feb 15 college deadline?</p>
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<p>Yes it will be.</p>
<p>You don’t need to submit the FAFSA to apply for college.</p>
<p>@ adkinsjm, No what i meant was that different colleges have different deadlines for fafsa. I wanted to know if the colleges that have deadline feb 15 will get my fafsa (or w.e they get) if I submit it today. :)</p>
<p>If you submit your FAFSA today, it will meet any deadline that is TODAY or after today.</p>
<p>Thank god. I was just worried because one said to file before Feb 1 so that they get it by feb 15. I just filed and at the end it said PELL GRANT: 5000 Is this IT? That is enough to cover for CC not for Universities!</p>
<p>Tekneek, it should also state your EFC, which stands for expected family contribution. This is the important number that colleges look at. Also make sure you have signed up for an electronic PIn for you and your parents. This allows you to submit your responses online.</p>
<p>Tekneek, haven’t you done any research on financial aid? The maximum Pell grant is only $5550/year and that requires an EFC of 0. Federal and state aid is pretty limited and I hope you’ve applied to schools that will either give you big merit scholarships or that are generous with institutional need-based aid.</p>
<p>You may want to start looking into the financial aspects now. Finaid.org has a lot of info on grants and loans (including loan calculators) and College Board has some financial aid info in each college’s profile.</p>
<p>Btw, if you’ve applied to your instate schools, make sure you also submit the app for your state’s aid program (I know you said the school is near your home, but some kids do live closer to OOS schools than ones in their own state!).</p>
<p>Wait so how do you apply for state aid? I will go google it…but if someone answers, it will be nice :)</p>
<p>Edit------
So if i sumbit fafsa it automatically applies for instate too? or is there new form to be filled?</p>
<p>Tekneek…your FAFSA will be sent to the colleges you chose to submit to when you completed it. The Pell is a federal entitlement grant. You are guaranteed that. You will also get a $5500 Stafford loan. If your EFC is low, you will likely get work study too, and perhaps a Perkins loan as well. If your school participates in SEOG, you might get that.</p>
<p>THEN IF your state has grants for low income students (CA has the Cal Grant and NY has the TAP, for example) you would apply for those as well. You need to check YOUR STATE.</p>
<p>If you post the state you are from, someone here might be able to help you.</p>
<p>As mentioned…hopefully you have applied to a broad number of colleges including ones that are financially reachable for your family and you.</p>
<p>EDIT…it looks like you might be from Maryland as you indicated elsewhere that you were applying to Towson and UMD…is that correct? </p>
<p>MD has a number of other instate public universities. Have you applied to others as well?</p>
<p>If you are in Maryland, the FAFSA also serves as your state aid application. That isn’t the case in some other states. You can google MD’s higher ed agencty and probably get a fairly good idea what your award would be at through your instate schools.</p>