Fafsa

Paying for College
1

<p>My sister and I start college this June. My mom is also in college...</p>

<p>Will that help us any as far as FAFSA goes?</p>

2

<p>Your mother being in college will not help you. However, you and your sister being in college will lower your mom’s EFC.</p>

<p>If you and your sister are in college together than your EFC will be lower. </p>

<p>testing for understanding and just curious:</p>

<p>why are you and your sister starting college in June as opposed to starting in september 2008?</p>

3

<p>If you start college in June and are hoping for financial aid you will need to file the 2007-2008 FAFSA as the summer classes come under the previous year for federal aid purposes. Then you will need to file 2008-2009 FAFSA for classes starting in the fall. 2007-2008 can be filed now - 2008-2009 is available jan 1st.</p>

<p>As sybbie said - your EFC will be lowered by your sister and you being in school at the same time. The parent part of the EFC will be halved between you (ie if the parent part is 3000 then it will be divided between the 2 in school so will be 1500). Any portion of the EFC generated by the individual student’s income/assets will stay the same.</p>

<p>I believe it is possible to ask for an adjustment to allow for the fact that your Mom is in college. You cannot file it that way on FAFSA but can ask your school for an adjustment which may be possible if your Mom is at college pursuing a degree.
from finaid.org at [FinAid</a> | Professional Judgment | Household Size and Number in College](<a href=“Your Guide for College Financial Aid - Finaid”>Household Size - Finaid)

</p>

<p>It is worth asking anyway.</p>

4

<p>Completing the FAFSA does not guarantee that you will receive money - in-state or out of state. What the FAFSA does is calculate an EFC (Expected Family Contribution) based on your answers that schools use to determine what types of financial aid you will be eligible for.</p>

<p>If you do have an EFC between 0-4110 then you will be eligible for Pell Grant and a maybe a few other grants (ACG/SMART) that have additional stipulations.</p>

<p>Talk to a financial aid officer at the school you are looking at to attend for further information.</p>