I get financial aid and my family contribution was determined to be Zero. When i register for classes it says that "depending on how many more credit hours you enroll for, your financial aid will go up" But how much more will it go up? Any general idea? Last semester after paying tuition and books for all of my classes- i had about 400 that i got back. I was only taking 12 credit hours though. I would love to take 16 or 18 credit hours- but if my financial aid amount isnt going to go up enough- since im a mother with 2 young girls... i need the extra 'left over' financial aid i get- instead of spending it on more books to take more classes. Anyone know how they figure how much it goes up? I'm going to a community college and i get 2155 for 12 credit hours. How much more would it go up if i added more credit hours to my winter schedule?
2007-10-16 03:16:07 · 4 answers · asked by Amy Clark 5 in Education & Reference ➔ Financial Aid
I figure about 120 - 150 a unit here in california. But if you use up all your financial aid during the spring and fall you will get less in the winter and summer.
2007-10-16 03:20:57 · answer #1 · answered by blackcat 3 · 1⤊ 0⤋
You are receiving the maximum Pell grant amount by enrolling in 12 hours or more so your pell can't go up. However, this doesn't mean another program might be increased... but usually 12 hours and above is considered full time and budgeted the same as if someone is taking 15 or 21 hours.... Talk to your fin aid office to see if maybe there is a state funded program that could give you more money. Also you can sign up to take out federal student loans, which you will have to pay back. Here is a good publication about fin aid and the types and maximum amounts you can get.
2007-10-16 15:54:41 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Most of the time you will have a refund so if you take more credits than your refund will just be smaller. If you get only enough to cover tuition than yes after 15 credits you'll have to come up with the extra money yourself. They have the 15 credit hours because most students will only take 12-15 credits and its easier for the school to come up with a number as they cant do aid based off everybody and how many hours there taking (so they do an approximation like 15).
2016-05-22 22:43:00 · answer #3 · answered by brook 3 · 0⤊ 0⤋
It sounds like they are talking about the Pell Grant amount when they state $2155. They are probably talking about scholarship money from the endowment fund, but I am not sure. I will include some readings to help you better understand financial aid. Good luck!
2007-10-16 03:34:15 · answer #4 · answered by dawncs 7 · 0⤊ 2⤋