<p>is money guranteed everyone signing up for this?</p>
<p>or is this based on criteria or their personal choice?</p>
<p>im going to apply next year and was interested in fa.
If you could inform me on loans, grants, financial aid that would be great </p>
<p>thanks</p>
<p>Not everyone that signs the FAFSA gets aid, from what I understand. Most do, however, receive at least some sort of minimal aid. Because of this, it is ALWAYS beneficial to have one.</p>
<p>FAFSA is not aid, FASFA is the form you and your family need to fill out in order to come up with the magic number that the government thinks you and your family should be able to contribute to tuition. (Often a crazy number that has nothing to do with reality)… Colleges, and often scholarship administrators, will use this number to make you offers for financial aid.</p>
<p>There has been many threads on this. You fill out FAFSA to figure out your family’s estimated contribution. Based on that amount and school’s policy, you may get 100% of you needs met, or partial. Your FA may include work study, grants, loans. </p>
<p>It is not always beneficial to apply for FA. Many schools are short on fund now, therefore there maybe a “hook” to be a full pay student. Go to the Financial Aid forum. You will get more information. What’s important now is to have a discussion with your parents on how much they are willing or could afford to pay. Your FAFSA may determine your family contribution is 50,000/yr, and your parents may only willing to pay 10,000/yr, then you’ll need to figure out how to bridge that gap.</p>
<p>Everyone who fills out the FAFSA at least gets the unsubsidized Stafford loans; they have reasonable interest rates and they are available to anyone, regardless of need. I think Bill Gates could go back to college and get an unsubsidized Stafford loan.</p>
<p>To restate Jahaba’ statement, in order to be elegible to get an unsubsidized Stafford loan, you need to have the FAFSA done. If you are not planning any loans etc., do not need FA, then don’t fill out FAFSA. As everyone has pointed out, FAFSA does not give you aid, ithelps you in the FA process.</p>