I am transferring colleges and the deadline is June 15th. Is it true that for FAFSA it is first come first serve for college that determines how much one gets from FAFSA?
What’s your EFC?
First of all, FAFSA doesn’t give you money. It is a financial,aid application form.
You want to get your FAFSA dine ASAP. There are some forms of aid that have limited funding per college campus. These include federal work study, Perkins loans, and SEOG (if your college has it).
The FAFSA for,the 2016-2017 school year uses the 2015 tax return info, which you should,have…so get that info, plus your asset info, and get the FAFSA done.
@thumper1 My FAFSA has been completed for a while now. Im just asking if since Im transferring to a new school and I need to wait for the acceptance letter to add the school into the list of financial aid. I am just wondering since I am adding it after I get accepted I will not get as much as people who added the school a while ago. My question was that do they look at when my fafsa was processed or when I added the school onto the list? Sorry if that was confusing. I am really bad at explaining these types of things
@Madison85 My EFC is liek 3k so I am eligible for 2500 in perkins and idk the rest I have to wait for the package.
Most likely you will get financial aid (from school) less than the freshmen.
Pell is an entitlement so it is not first come, first served.
So I am going to be transferring colleges. The college I am transferring to has a first come first serve policy. I want to know if colleges look at FAFSA and when you processed it first and finished it and such or what? I am confused. I just want to know if me transferrign is killing how much I get in financial aid.
Submit your FAFSA to all the schools to which you are considering transferring…NOW. Do not wait until you have been acceoted. Do not wait…at all.
The school will not get the FAFSA until you add its school code to FAFSA. You can add any and all schools you applied to or are considering applying to.
Yes if you do not add them it is as though you did not apply for FA at that school
While Pell is an entitlement, Perkins loans, FSEOG and FWS are not and are usually distributed on a first come first served basis of eligible students
Another method a school can use is to divide the federal funds like WS , Perkins and SEOG is with priority to students who meed the ‘priority deadline’ set by the school. If the deadline is March 1 and you meet that deadline for filing, you have an equal chance as those who file Jan 2.
No…you are entitied to $2700 or so in Pell Grant money.
Your EFC does not make you automatically eligible for a Perkins…which is a loan.
It depends on whether or not your school distributes their money on a first-come-first-served basis, and whether or not your schools participate in programs like SEOG (a federal grant that IS distributed by schools on a first come first serve basis).
An anecdote: I filled out my HS senior year FAFSA on January 1st and filed it less than an hour after it opened. I received a substantial grant from the school I ended up attending, which I frankly didn’t deserve – they don’t guarantee to meet full need to begin with, and my need had ALREADY been met by their scholarships. So why they gave me another grant after filing the FAFSA is a mystery to me – but their money is handed out first come first serve, so I’ve always chalked it up to that.
SEOG can be distributed any way the school wants. Sometimes the schools give $500, sometimes $2000. My daughter was not the first to file, not even in Jan., and she got some last year (awarded after an appeal, so not until August). It’s just up to the school how to give out SEOG, Perkins, or WS. Some schools save some for latecomers. It’s always worth applying and asking.
One daughter didn’t get any WS last year and when asked about it was told to come in the first week of school as amounts from students who didn’t accept it or didn’t register would be added back into the pot and redistributed.