I'm not so familiar with Financial Aid, but my daughter is a Junior planning on going to College and I don't have a penny towards it. Can she apply for F. A. even though my credit is bad???
2007-05-02 09:20:36 · 5 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
Yes. Financial Aid is based on annual income and household size. Your credit is not considered. She should apply in January of her Senior year in high school.
2007-05-02 09:33:31 · answer #1 · answered by salvaxicana 1 · 1⤊ 1⤋
Yes, financial aid does not depend on your credit. If your income is within the limits you should qualify for the aid. It may not cover all you expenses. But, there are other options for her as well. She will have to repay some of the money or all depending on your income about six months after she graduates.
2007-05-02 16:37:43 · answer #2 · answered by 354gr 6 · 0⤊ 0⤋
Yes, she should apply for financial aid next year. Depending on your income and savings, it could bring the Pell Grant, work study experience and money, need based college scholarships, and subsidized student loans. I also recommend start searching for outside college scholarships and applying for them. It can lessen the need for student loans. I will list some free resources in your community and on the web to locate money to attend 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 after January 1 of your senior year of high school. It will qualify her for need based financial aid from the federal government and the school itself. It will come in the form of scholarships, Pell Grant, student loans, and the work study program.
Sixth, study and practice for the SAT or ACT tests. It can help bring merit scholarships from the college itself.
Seventh, states do offer grant and scholarships for students with excellent grades. Search Google.com and Yahoo.com for these grants and scholarships with your state's name.
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!
2007-05-02 17:04:12 · answer #3 · answered by dawncs 7 · 0⤊ 0⤋
Totally. You're credit isn't what comes into question unless she needs your help on getting a loan. Aid is based on family income. So your daughter has as much chance as anyone of getting fin.aid. regardless of your credit.
Hope this helps and good luck to your daughter.
2007-05-02 16:30:40 · answer #4 · answered by Sean 2 · 0⤊ 0⤋
Totally.
This is a must!
www.fafsa.ed.gov
2007-05-02 17:01:58 · answer #5 · answered by ANT-a-gonistic 3 · 1⤊ 0⤋