FAFSA and whatnot help...

Paying for College
1

<p>OK guys, I don't post here often but i do read a lot. </p>

<p>I am done with my applications to schools and now I am worrying about paying for them.
My family is well off and in terms of (~300k yr/) and 2 owned homes in the Northern Virginia Area. I don't know if filling out a FAFSA will do any good for me because of my family? If I go instate there will be no problem, however if i go out of state like a school like GWU, than money will be an issue. </p>

<p>I DO NOT want to mooch of my parents and have them pay for college out of state, that is why I am asking how do I go about loans or whatever? </p>

<p>I am hoping for some Merit based money , Full IB Diploma, and pretty good student. </p>

<p>Thanks for the input guys! Hopefully things work out!</p>

2

<p>Also on some of my applications i wrote that i would be applying for need base. Will this negativity impact me if it turns out that i do not qualify? Should i call the schools and let me know I made that mistake? Is there any chance in the world that i will get need base?</p>

3

<p>With an income of $300k you are unlikely to qualify for need based aid even at the most generous schools. For FAFSA the primary home is not a reportable asset - the other property will be.</p>

<p>By filing FAFSA you will be eligible for federal Stafford loans - these are student loans in your own name. They require no cosigner. As a freshman you will be eligible for $5500 in Stafford loans.</p>

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<p>Should i contact the schools and let them know I will NOT be applying for need base? Will that make a difference in admission?</p>

5

<p>I’m confused. If you’re not going to have your parents pay, how will you pay to go OOS (Out of State)?</p>

<p>How much are your parents willing to pay for your education?</p>

<p>Are you a junior or senior?</p>

<p>No one is going to loan a student enough money to pay for OOS costs.</p>

<p>You mentioned merit scholarships. What are your stats? GPA and ACT/SAT (including SAT breakdown)?</p>

<p>IF you’re a senior, you’ve missed many scholarship deadlines, altho there are still a few.</p>

<p>What schools are you applying to?</p>

<p>*Should i contact the schools and let them know I will NOT be applying for need base? Will that make a difference in admission? *</p>

<p>Have you already applied? Did you indicate that you would be applying for aid?</p>

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<p>Well they are willing to help me pay, but i want to see the alternatives. They are willing to spend the four year tuition if they think its worth it( As in Ivy or schools like JHU) for OOS. I am a senior. </p>

<p>GPA is 3.8 Full IB Diploma.
720 Math
630 English
620 Writing</p>

<p>29 ACT</p>

<p>800 Chem Sub
690 Math 1</p>

<p>I am also Indian, from India. </p>

<p>Taking Bio, Math 2, and Lit in January, i know its a bit late but just to take them. </p>

<p>I have already applied for the schools and yes I have indicated that i would be applying for aid. I don’t know if acceptance rates are higher for children who do not need aid, so that is why I want to make my chances as high as possible for the schools I am applying to. </p>

<p>Schools are UVA, WM, VCU which are instate and I am not worried about. </p>

<p>Cornell, JHU, Drexel, Chicago, UW Madison, UNC, and GW. I know some of these schools are Reaches, but its fine.</p>

<p>It means a lot to me that you have taken time to respond. </p>

<p>Thanks!</p>