If i want to apply for financial aid next year, will they check if i have any in my bank account or if i do have one? (and i dont work..i put the remaining money i got from financial aid into my account)
2006-10-04 09:30:06 · 7 answers · asked by Miss E 1 in Education & Reference ➔ Financial Aid
No they will ask if you've worked because you will have to provide tax information from your parents if you're under 24 and tax papers over 24 and declared an independent from your parents. If you havent filed income taxes in the last tax year so for example if you hadnt worked in 2005 you provide 2004's tax papers if you worked in that year or 2005's if you havent worked in 2006. If you havent filed at all you will need to go down to your local IRS office and request a non filer's statement if you've never filed income tax or if you worked and didnt make enough to qualify for income tax-you need to have made $3000 in the last year to qualify for income tax if you made less you don't pay income tax and that's when you get the non filer's statement.
2006-10-04 09:57:20 · answer #1 · answered by nabdullah2001 5 · 1⤊ 0⤋
No, they dont look in your bank account. They do require your past taxes, or parents taxes if you are still considered a dependant. I had always put the additional money in my account and never got any trouble for it. My whole wedding was paid from additional financial aid.
2006-10-05 16:26:59 · answer #2 · answered by tca82602 1 · 0⤊ 1⤋
No they will not check to see how much is in your account. If you do have money that is from financial aid you dont count that anyways.
2006-10-06 06:26:18 · answer #3 · answered by spaz050201 3 · 0⤊ 0⤋
I believe that they don't check your banking account. You can't put your remainding financial aid in your banking account because it goes directly on your student account.
2006-10-04 12:11:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No they do NOT check how much you actually have in the accounts. The FAFSA will ask if you and your parents have an account and how much you have in there but they will not double check you. It can carry over to the following year if you do put it in your account. Good Luck!!!!
2006-10-04 18:28:47 · answer #5 · answered by country girl 2 · 0⤊ 0⤋
no they do not check your bank account go yo fafsa.ed.gov they will give you the steps if you are under 25 they do consider your parents financial information though but they do not check their bank accounts either
2006-10-04 11:25:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no they can not check your bank information. financial is based off your financial need.
2006-10-06 10:06:26 · answer #7 · answered by hunny_be24 3 · 0⤊ 0⤋