What is financial aid like?

itscole
Fri, 07 Feb 2014 05:09:37 +0000

Texas A&M gives out lots of financial aid… though you should probably post this in the Financial Aid & Scholarships section of College Confidential. Lots of the people who comment there practically live in that forum. Yes family size counts, but FAFSA takes into account all of your assets. House and such. Are your parents married? Do you have siblings IN COLLEGE?, don’t think it really matters if they aren’t in college. Anyways, Pell Grant is government awarded and the max is like $5,800 a year I think (rough estimate, don’t take 100% what I am saying). Now, when my mother was employed, making around $50,000, my EFC was like 5200, and I didn’t get the full Pell Grant. My mom has been unemployed for a year, we filed a special circumstance form with A&M, and I now receive the full Pell Grant + other need-based grants from A&M. Now, I don’t know all the details about your family, income, siblings, and assets (which is what FASFA takes into account), but if your EFC is 7200, I would imagine you may get a little bit from the Pell Grant… could be wrong. Can your parents actually contribute $7,200? Can they contribute anything? FASFA does not care if they can or can’t… for example, many middle class families live in a home that is enjoyable, and they have a mortgage taken out. FASFA looks at this as, well if you would have chosen to live in a smaller and cheaper home, then your paycheck wouldnt be going to bills, and you would be able to contribute $7,200 a year. NOW, this is just a little lesson on FASFA, this comment may not help you what-so-ever except for give you a little bit of insight on how it works… but again, there’s so much thrown into the picture and I honestly don’t know a ton about it.

Hope this helps… the tiniest bit :P