I’m currently a college junior, living at home. I plan on living off campus for next school year, but I’m not sure how much financial aid I will get or if I can afford to move out. When filling out my FAFSA, I put down that I will be living off campus. I’m curious to know, if I put down that I’m living off campus, but choose to live at home and don’t make the correction to my FAFSA, will I lose my financial aid? Would I lose out on grants or subsidized loans if I choose to live at home instead?
You may be eligible for more loans, but you may not (if you have already been awarded max loans). You will not receive additional grant (free) money based on the living situation.