Question: FAFSA/ EFC information?
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Answer #1:
I am thinking that your brother is getting more in pell grants because your parents are not on his fasfa worksheet. You may try to re do your fasfa, or talk to your schools financial aid representative and see if they can help. I usually qualify for about 5500 but my efc is rather low. Good luck, I hope it all works out.Answer #2:
Explaining to the school won't help your situation, and they won't adjust your EFC based on that. No parent is responsible for paying their kids college, their income and assets are just used in the calculation.Your EFC is different than your brother because you probably have more money saved than him and/or earned more money that he did in 2009. Even a few hundred dollars more in either category will drastically effect a students EFC. Even when the same info is being used for the folks.
Also be aware that the $1,500 in Pell is for the entire YEAR. So you'd only get half (750 dollars) for the fall 2010 semester, and another 750 dollars for the spring 2011 semester.
You are very lucky you are getting a FREE grant, no matter how much it is. If it is not enough to cover your costs you can take out a federal Stafford loan. You can borrow up to 5,500 a year if you are a freshman (half for the fall and half for the spring). If you are a sophomore you can borrow 6,500 a year. Juniors and Seniors are 7,500 a year. This will help you tremendously.
If you are unwilling to borrow (or the amount you need is greater than your max amount plus your Pell and your savings), then you obviously can't afford this school and should find one cheaper. It's as simple as that. I WANT to buy a BMW, but I can't afford one. Finanical aid was not set up to send people to BMW schools if they only have the money for a Ford. Also be aware that enrolling in fewer hours won't help you as your Pell grant is pro-rated. The less hours you take, the less money you get in Pell because your tuition is less.
Scholarships are given out on the basis of merit (not solely on the basis of being poor like grants). Scholarships have a separate application process (not the fafsa) if you want those, you need to start looking for them and apply for them. (most importantly WIN them). Your school is the best source for scholarships.
Answer #3:
Ask your counselors and or financial aid advisers at your college, they should have all the answers that you may be looking for!!** Powered by Yahoo Answers