The amount of money recieved from fasfa depends on the type of school (4yr vs community college) as well as the cost of your fees. You have maximum amount of loans you can recieve total for each year/class and a max. total for the entire four years. As you progress through school from freshman to sophomore, to senior the money increases. The money i’m referring to now is your loan. Fasfa only provides you with loans. Now if you’re in the state of california you get cal grants. Free money from the governor of california. You must file before march 3 of the year you want to attend school to qualify for the cal grant. There are 3 types, Grant A, B, or C. Usually they cover your fees, but if you need more money for school expenses like books, a car or transportation and for room and board then you’ll have to take a federal loan. Your best bet is to calculate exactly what your expesnes are, apply for both the fasfa loan, and if you filed before march 3 of this year, you’ll automatically file for the grants. If the grants don’t cover your ex peneses then you can accept the loan. If they do, don’t take the loan, and try to avoid 3rd party lenders like fannie mae, wells fargo or bank of america. Good luck, go to fasfa.ed.gov and READ! go to your financial counselor and talk to them.

EXTRA FUNDS; work for you school, participate in student activites, asi/aso. Presidents get free tuition, free room and board and at least $6-10k a year in stipends. Vice presidents get half that. Senators get stipends my school paid up to $800 per semester for student senators, apply for housing monitor, you get free room/board if you’re the housing monitor. so find out what your school has to offer.

“Only to be” is incorrect. There was a time where the most a dependent freshman could qualify was 2625 for the Stafford Loan. Which is where I think she got that figure from but that is just the Stafford loan. You could qualify for the Pell Grant, the FSEOG Grant, Perkins loan, Stafford Loan, PLUS loan (loan for parents based on credit but a federal loan so rate are competitive), Federal Work Study. FAFSA will cover everything with a combination of Grants and Loans if you have a 0 EFC or they use the PLUS loan to cover any financial need (Cost of Attendance minus Financial Aid). You would only get cash if you have a refund which is the left over once tuition and fees are paid. The left over would be for books, living expenses, transportation, etc… The school can give you the breakdown.

particular, you are able to desire to document a renewal consistent with annum, as close to to January a million as a threat. the dep. of guidance opens its doorways to human beings attracted to submitting their 2007 FAFSA on January a million, 2007. right this is an insider tip – the nearer you are able to document your FAFSA to that date, the greater powerful. The longer you wait, the greater serious your possibility is of paying for provides and backed economic help like the backed Stafford mortgage. the reason being extremely easy – there’s a constrained quantity of furnish help obtainable consistent with annum, and this is allotted on a customary come, first served foundation. the dep. of guidance does not help you document your FAFSA for the 2007-2008 year in the previous January a million, so be sure you stick to as close to to that day as a threat.

You only Qualify for UP TO $2024 per year in Fasfa then loans cover therest or out of pocket