Need Grant money for my college daughter, she needs 1 more yr, but FAFSA wont pay anymore. She is n All Honors

Question

My daughter is 20 yrs old and has kept up a 4.0 GPA for three yrs. Now FAFSA sends a letter and tells us she has gone long enough to get a degree and they are not paying anymore. She has one more year and she will be a Computer Programmer. What on earth do I do now? Thank you for any help. her Mom, Karen

Answer 1

if she has a 4.0, then she should qualify for a scholarship.

Answer 2

If her GPA is a 4.0 AND she has been successfully completing all the credit hours that she attempts, then she should talk with her financial aid office and the Computer Programming Department to see if she can receive any scholarships.  

Once a student has attempted 150% of the the hours required for a degree at their school, they are no longer eligible for Federal Aid.  If she is at that 150% then she has either withdrawn from several classes along the way, switched her major or taken classes that were not required for her major.  

She may want to see about a dual degree (double major)  With all those credits, she may be close to being able to earn a second degree.  She can check with the financial aid office at her school to see if they have a special policy for student working on dual degrees that would allow her to receive aid beyond that 150% point.  If she is at her aggregate loan limit ($23,000 for dependent students) this is not an option.  

You could apply for a parent PLUS loan.  Check with the financial aid office at your daughters school to find out the application process for the PLUS loan.  It is a federal loan in the parents name.  Even if your credit is not approved for the loan, she will be eligible for an additional $5000 in unsubsidized stafford loan.

Also, have your daughter start checking with potential employers to see if any offer scholarship programs for studnets in their last year of college.

Good luck

Answer 3

www.wellsfargo.com/student

Answer 4

Encourage her to transfer to a 4 year school and get her Bachelors degree. She will be eligible for fafsa aid there.  (Takes longer to complete a 4 year degree than a 2 year).  Why hasn't she graduated already?  Two year degrees should only take 2 years.... 4.0 or not.

Besides, "programmers" are not really a 2 year program... but a bachelor's degree anyway.  It might actually challenge her.