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fafsa again


Question Posted Monday July 30 2007, 10:52 pm

I just asked the question about the FAFSA. I was wondering when is a good time to apply for FAFSA if you want to start in January? It'll probably be at the 4-year university I was talking about. I had a friend who started there this past January, but I'm not sure how she worked all that out.

Thanks


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Michele answered Tuesday July 31 2007, 6:35 am:
You still have to apply in January for the upcoming school year which starts in Sept of one year and ends in May of the next year. When you apply for financial aid, they fund the whole year, if you change schools, the funds to NOT follow you. Any money you don't use in the college that you were funded for, will be returned to the government. I hope this makes sense to you. My friend found out the hard way, she got financial aid for her son every year to go to his college in Vermont. He got an opportunity to attend college for one semester in Alaska, He went, but the aid didn't follow, she had to pay in full out of her pocket for that semester he spend in a college in Alaska.

Michele

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