This is the first time I have taken out a loan, and I unfortunately neglected to look at FAFSA deadlines. My school’s deadline for 100% confidence that funds will be in accounts by the first day of school was July 15th, but I finished the requirements (e.g. MPN and entrance counseling) on July 30th.
Is there any chance that my school’s financial aid office will get the information and give the aid award before school starts on August 17th? If not we would have to pay all the remaining charges, amounting at about $6000 (which we can’t do).
I feel incredibly regretful about the situation. Will likely contact financial aid office soon.
How much can you pay? What is your FAFSA EFC?
Call your college and ask them. They will be able to tell you the answer.
@mom2collegekids EFC is $15,000, so I don’t believe I qualify for grants or anything. I had already been given the subsidized and unsubsidized loans, but just needed to fill out the MPN for the Parent Plus. Without the Parent Plus I’m $6,000 short.
I doubt you’re too late for the Plus loans to show up.
My D’s school did not send out the official FA package until mid July and it is not even the final version. We just signed the MPN a few days ago while the FA package is still changing. I doubt if it would be too late for you to get the aid, but the disbursement of aid may be a little bit later. When will your school start and when is the bill due?