Got less then last year HELP !

Paying for College
1

<p>Hi
I m a Student from Binghamton University.
Fall 2011 I got $5550 Pell.
Didnt get any TAP cz i was new to New York State.
At the time I had no job nothin and my parents income was low.</p>

<p>Spring 2012 I did 12+ credits in New York City College of technology.
I got $5550.
Didnt get any TAP cz i was new to New York State. U gta be 1 yr.
at this time me and my dad both had jobs but we were earning less than $2000 (altogether) a month</p>

<p>This year I submitted FAFSA for Binghamton University.
I got $5200 total.
Since its been a year in New York State, i might get tap but they didnt come in yet.
Me and my dad had the same job and its not like we started earning more. same $2000 a month with which we can barely pay the rent.</p>

<p>another note, this year while filing my fafsa, where they asked how much money i had in my bank accounts, i put $1900. Those were my savings from this year and last yr. I planned on using them for my books etc.</p>

<p>Why is it that i got less Pell grant this year ?
is there a way to contact them and increase it to $5550 ?</p>

<p>Binghamton's tuition is high i will have to live off campus all by my self !</p>

2

<p>Your savings likely hurt you a lot. Student savings gets assessed at a high rate. Next year, don’t have money in YOUR savings. If necessary, have it in your dad’s name.</p>

3

<p>Yes, any money you have on the day you fill out those forms is hit up at 20%. Better pay your parents for your expenses and have them hold it in account in their names and get assessed at 5% or so.</p>

4

<p>And, your parents would only be assessed 5% if their assets are more than about $40k. If your parents don’t have much in savings, then it wouldn’t count at all.</p>

5

<p>Is there anything else I could do now. Like change the amount of money or pull it out from bank and resubmit ?</p>

6

<p>What if I call them and ask ?</p>

<p>Sent from my HTC Sensation 4G using CC</p>

7

<p>Too late to do anything about it. Once you submit FAFSA with money listed in savings, that’s it.</p>

8

<p>Use $300 of that money for your shortfall in financial aid.</p>