Do you get more aid if you are smart or do u get the same as everybody.
2006-08-01 09:10:01 · 10 answers · asked by Jason 4 in Education & Reference ➔ Financial Aid
No, smart students get grants that don't have to be paid back.
2006-08-01 09:19:16 · answer #1 · answered by Mrs. Butler ♥2 B♥ 5 · 0⤊ 0⤋
YES!!! Smarter students DO receive more financial aid and grant money. Their families have worked for two years to create the appearance of an income which is low enough to qualify for financial aid, plus private and government grant monies.
The two (2) years immediately prior to making a FAFSA application, these parents leave their student off the parents' IRS 1040 income tax, and do not claim the student as their dependent on the parents' (IRS 1040) income tax.
The two (2) years immediately prior to the FAFSA application, the student files their own IRS 1040 income tax claiming them self as the deduction.
This does increase the income taxes owed to the government by the parents when they remove a deduction..
This does remove the parents income form the students' FAFSA.
This does removes any expected parental contribution to their student's education.
Smarter students come from smarter families who use other people's money in order to save their own.
START with the PIN number you will need. http://www.pin.ed.gov/PINWebApp/pinindex.jsp This takes the longest time of the whole FAFSA process
THEN READ THIS http://www.fafsa.ed.gov/before001.htm and gather the information you will need to complete the FAFSA
AND then download the worksheets at http://www.fafsa.ed.gov/worksheet.htm and download the worksheets
2006-08-01 19:38:34 · answer #2 · answered by emerald_trout 4 · 0⤊ 0⤋
Financial aid is based on your family income, but getting into the college is based on your academic skills.
So if you got in, it's because you're smart; if you didn't get financial aid, it's because your FAFSA form shows your parents can pay for you.
So yeah, you're smart :)
2006-08-01 16:14:41 · answer #3 · answered by IspeakToRocks 2 · 0⤊ 0⤋
If the don't get more financial aid, they should... Why give financial aid to someone who will just get a crap job flipping burgers?
2006-08-01 16:15:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No. Financial Aid is based on need, not academics.
2006-08-01 16:13:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No, but sometimes smarter students receive more scholarship awards.
2006-08-01 17:15:45 · answer #6 · answered by nolyad69 6 · 0⤊ 0⤋
With most traditional lenders don't consider such meritorious things - but try something new! Check out http://www.myrichuncle.com/
they are trying to revolutionize the industry.
Good luck.
2006-08-02 12:09:06 · answer #7 · answered by The Doc 2 · 0⤊ 0⤋
It's based on your income, and your parent's income until you're 25.
2006-08-01 16:13:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No its just they are smart enough to ask for it ok.
2006-08-01 16:13:52 · answer #9 · answered by kilroymaster 7 · 0⤊ 0⤋
no, they get scholarships!
2006-08-01 16:14:04 · answer #10 · answered by RO 2 · 0⤊ 0⤋