Does being poor help you get more money from financial aid to attend college!!!???

Question

Does being poor help you get more money from financial aid to attend college!!!???

Answer 1

I'm not sure where you're from, but in the UK we can apply for EMA from £30 for poor people (like me) to £10 for borderline people.

Answer 2

Yes, Yes, Yes. Now other variables must be factored in. If you're independent (they don't count your parents income) and you're poor, you're going to get a lot of federal aid right off the bat. Depending on your  EFC, you could get a PELL grant for up to 4731 a year, and you could also qualify for a federal supplementary equal opportunity grant (FSEOG) for up to 4000 a year (depending on your school's funding). If you're dependent and they count your parent's income your EFC will probably be a little higher, but depending on how poor they are, might still qualify for the greater parts of these grants. Now those are grants money you don't have to pay back. You may also qualify for Stafford loans. They have two kinds; Subsidized and Unsubsidized. They're both low interest loans, and they're backed by the government. How high your need is will decide whether you get a subsidized loan. The difference is that the government pays the interest while you're in school and up to a set amount of time after you graduate. Unsubsidized, you pay all interest.  Lastly, which school you go to determines how much aid you'll get, as do your grades. I applied to a lot of universities, but didn't have money for loans. Wouldn't you know that I got more money from the most expensive college in the country than any other, and didn't have to take out any loans, as opposed to cheaper colleges where I would have had to borrow half of the tuition. Some colleges give huge scholarships for good grades, and huge scholarships for large financial need. Some colleges don't care if you're poor, if you have good grades they'll let you in, and cover all of your need. These are called 'need-blind' colleges, but there's only a few and they're not easy to get into. Georgetown, Harvard Princeton Yale are some of them. Well, I hope this helps.

Answer 3

Pretty much.

Financial aid is based on you or your parents' income.

I must warn you tho, if u live with both of yor parents, or your parents are divorced but they both work be prepared not to get that much... unless u chose to leave one of ur parents out of fafsa. Be sure to file your fafsa for financial aid.

Answer 4

Have you try to get a scholarship? Each provider has different rules. Maybe you can go to

http://www.all-about-scholarship.com

it's about scholarships information.

Good luck

Answer 5

yeah

how else would you pay for it??