Could I get financial aid?

Question

Each of my parents make about $50,000 a year, but there are two other kids in the family. Could I still get need-based financial aid? What about for more expensive colleges, like Duke University? Thanks!

Answer 1

There is a possibility of getting FAFSA, but it depends on other factors such as number of kids in college, home mortgage, family savings, your income, and your savings. There is also a form attached to the FAFSA that you can fill out once admitted to see what other scholarships you qualify for, but the worksheet does cost extra per report. I will include some free resources to locate money for college.

First, the college's financial aid office and website has a list of private scholarships offered from outside organizations and companies. Sometimes a college major's website will list scholarships, too.

Second, the public library has a book listing scholarships with some not even listed on the web.

Third, the high school guidance office has a list of local scholarships and state scholarships & grants.

Fourth, a campus work study job can help with money needed during the school year. The program is funded by the federal government. It will be a job on campus and most times can work to your availability schedule. There should be a box on the FAFSA form for it.

Fifth, fill out the FAFSA form. It will tap into need based financial aid from the college. It will come in the form of government grant money, student loan, college scholarships, and the campus work study program. It is based on a formula devised by the government to determine your aid. It needs to be filled out yearly. The form becomes available January 1 for the upcoming fall semester or quarter.

Finally, I recommend joining several free membership scholarship search websites. There are scholarships for a variety of things including ethnicity, clubs, hobbies, and even wearing duct tape to the high school prom. Most are updated on a regular basis. Most offer a customized search based on information entered onto a form on the website.

Good luck!

Answer 2

you will not be able to get need based aid if your parents make that much. if you didn't get scholarships to any of the more expensive universities, i STRONGLY recommend you go to a cheaper school if you can. you can still get a quality education without spending 40000 a year. remember that for every 2 dollars you borrow you will end up paying back 3.5. after 4 years at a college with loans in that amount you will be paying someone over 300,000 back for your education. that's a huge bill that will haunt you for the rest of your life. if you are able to go to a cheaper college that offers the same major you want to pursue, go there and save your future money.

Answer 3

no...the gov. thinks ur parents makes more than enough. i barely get financial aid and i have a single mother that dont make as near as much (with no help from father)

Answer 4

yes you can get financial aid, most likely loans. you will not get much in the way of free money, grants.

Answer 5

nope