I've already filed for it and it has been processed through FAFSA. What now? Do I get a check in the mail? Does it go straight to my school? I'm in Scottsdale, AZ if that help any.
Financial Aid - 4 Answers
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1 :
When I applied for it I just had to wait until it came to the school. When it came in the financial aid secretary for the school sent me a note and had me come by and pick it up. It was pretty neat because the school let me charge any books I needed and gave them to me the day of and then had it subtracted from my big check when I got it. Just be sure you pass the semester because other wise you have to pay them the money back. This happened to a guy I knew once and he was in a heep of trouble.
2 :
you will get a Student Aid Report (SAR) back in the mail with an EFC (expected family contribution). You'll probably think the EFC is too high, but dont' worry about it cause that's what the loans are for. Financial aid sends the information to the schools you indicated and they create an award amount for you based on your EFC, the program you want to be in, how many outside scholaships you are getting etc. Your school will send you an award letter listing what you can accept or decline for grants and loans for the upcoming year, usually both terms are listed and you have to accept or decline for both fall and spring. subsidized loans are better because you do not have to pay interest on them. at undergrad level you are eligible for grants. grants do not need to be paid back so it is always better to take grants first, subsidized second, and unsubsidized last.
3 :
you go to the school and if you are typing now you are very late. 2 months of school is gone. Go to your financial aid office office and go there every day until you cased the check. Dont be afraid to go there everyday and bug them. You pay them, they dont pay you. So go tell them you filled out fasfa and you want to know what else you need to do. And make them look you up on the computer. if they just brush you off without seeing any information on you, dont go for that. Say, "can you check me out on the computer" if you get loans you are going to have to sign an reward letter and find a lender. Usually something online they have at the schools sight. if its just a pell grant they will cut you a check and you wont have to sign a reward letter.
4 :
collegefinder.imess.net - try this site. It has info about different US scholarships for college students and their grades requirements.
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