My son is finishing a 2 year community college and is transferring to a State School for Teaching . His mother passed away at the age of 10, I've been saving his social security check since. I have approx. 70k, plus 45k in stocks, The question... Is it worth my time to fill out the FASFA sheet?? Do I have any other options to relieve the financial burden on me. It seem like scholarships always seem to be on a need basis. Thank
2007-02-22 02:34:22 · 3 answers · asked by ptbmer 1 in Education & Reference ➔ Financial Aid
Yes. It takes all of maybe 10 mintues to fill out if you have all your information together. There are a lot of considerations that go into what he may or may not be eligible for, and some things he may be awarded that you weren't aware of to begin with. I absolutely think it is worth your time to try to provide the best you can for your son.
2007-02-22 02:40:36 · answer #1 · answered by Heathen 2 · 0⤊ 0⤋
Honestly, with those assets in a student's name, his EFC is going to be very high. The formula looks at a dependent students assets at 35% or higher (I haven't looked at the formula in a while, but this figure is close). So his EFC will be higher than 40K.
BUT - you should still complete the FAFSA. it may help him qualify for other things and allow him to apply for an unsubsidized loan.
2007-02-22 06:19:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You never know what he could qualify for. Always always alway fill it out. You'll coulb be suprised. Not to mention if he wants to have a job on campus he could be award Work Study, and he'll get hired faster due to his having work study!! Fill it out!!
2007-02-22 05:08:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋