What is the Maximum FAFSA will give

Paying for College
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<p>">>Lets say I will get $15,000.00 per year from Fafsa to go to a private college. I need another $25,000.00 per year to pay for the school. >></p>

<p>Again I’ll reiterate…FAFSA does NOT award any money to anyone. The FAFSA is a financial information collecting form used to determine eligibility for federal monies. If your school costs more than the amount of federal money allocated, you have to hope that the school will use the information to award you money from THEIR own coffers in the form of some kind of institutional grant. Typically this happens most at well endowed private and public colleges.</p>

<p>FAFSA also doesn’t “make you take money” from anywhere. The colleges award the money…but in fact when you get a financial aid package from any college, you are free to decline taking any portion of it you don’t want to take.</p>

<p>Now regarding “free rides”…there really aren’t too many of those. Even schools that meet full need DO expect a student contribution of several thousand dollars (which you can earn working in summers and during the school year). Many schools include loans in their finaid packages. Some of the most well endowed schools have eliminated loans in their packages for students with limited income and assets in their families. BUT these colleges are very few in number (and the challenge first is to be accepted).</p>

<p>And lastly, the schools with the largest endowments and generous full need financial aid use both the FAFSA AND the Profile in awarding their finaid packages…and some have their own financial aid forms."</p>

<p>LOL $15,000? Are you on crack? The most FAFSA covers is $2,000 a year…</p>

<p>FAFSA awards money to tens of thousands of people a year. I’ve been awarded money from them several times… Do you even know what FAFSA is??? Just look up what the acronym stands for.</p>

<p>I’ve never heard of a college awarding a student money.</p>

<p>There are endless “free rides”. Generally junior colleges. SOl ong as tuition is under $1,000. You get a free ride.</p>

<p>Some students are not permitted to work, nor to receive loans. IE: unpaid medical bills, social security.</p>

<p>This is some serious misinformation on here.</p>

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<p>"For 2008-2009, I believe the maximum Pell Grant is $4600. This amount should increase to $5400 by 2011. "</p>

<p>BUT, only if you’re under 24, and have a parent killed in Afghanistan. Otherwise, $1,300 is the max you can get</p>

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<p>I’m sorry to say that you are wrong. I just recently recieved my FAFSA grants and I am receiving $5400. And that is just for fall and winter classes. I can apply again for spring and summer classes for the same amount. I am also above the age of 24 and have not had anyone die overseas.</p>

<p>Sorry to burst your bubble.</p>

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<p>This thread is very old, but yes, truth was wrong. </p>

<p>Again though mother, you are not getting any “FAFSA grants” because there is no such thing.</p>

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<p>Hate posting on old threads, but you should verify that with your FA office. I think you’re talking about receiving money from Pell and should be aware that there is no longer a provision for second Pell grants within an academic year. That ended with the 2010-11 academic year. You may have Pell funds left for this year which would cover your spring term, but should not have to reapply for them as your post indicates. The FAFSA you file in a few months will be for 2012-2013.</p>

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<p>* I just recently recieved my FAFSA grants and I am receiving $5400.*</p>

<p>You aren’t receiving FAFSA grants. There are no such thing.</p>

<p>You are being awarded a federal Pell grant because your EFC is under the max Pell qualifying number.</p>

<p>FAFSA is just an application…it is not a source of money.</p>

<p>BTW…if you got 5400 in grants for ONE semester, then some of that grant money is a college grant (again, not from FAFSA).</p>

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<p>This thread is full of misinformation and should never have been revived. Can the mods do something? And please folks, if you have a question or think you have some useful info to share, just start a new thread instead of reviving an old one which may have obsolete or, as in this case, simply inaccurate information that could mislead a reader.</p>

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<p>OK, you guys, you gave me great help last year…someone telling me that your EFC is an automatic ‘O’ if you make under $31,000 a year…so I managed to make that happen and thats exactly what our EFC was.
Anyway my question is, this year we made way below the $31,000, a little over $25,000 and my daughter made less than she did last year, everything else the same and my EFC was $552. Well OK, maybe it doesnt really make any difference to how much financial aide she will get (but you never know, there could be more money out there for her) but I dont understand why?? Is it because I didnt fill out the ‘assets’ part of the form, since I didnt need to I figured it would be easier to just omit it. It should have been a ‘O’ with that little money and 3 dependents. I don’t get it!!!</p>

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<p>It’s because the cutoff was lowered to 23k</p>

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<p>Anyway my question is, this year we made way below the $31,000, a little over $25,000 and my daughter made less than she did last year, everything else the same and my EFC was $552.
Income level for maximum Pell has changed.

[Understand</a> Why Federal Budgets Matter to Students - Student Loan Ranger (usnews.com)](<a href=“http://www.usnews.com/education/blogs/student-loan-ranger/2012/01/18/understand-why-federal-budgets-matter-to-students]Understand”>http://www.usnews.com/education/blogs/student-loan-ranger/2012/01/18/understand-why-federal-budgets-matter-to-students)</p>

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<p>FAFSA just tells the universities your financial situation and give an ESTIMATE of what your parents may have to contribute. Then, the university uses all these FAFSA numbers and comes up with a financial aid package for you. The packages vary from school to school. THEN, you pick which school offers the best package and is the best fit for you!</p>