What to do now that i finish my fafsa??

Question

ok... so i'm done with high school and about to go to college im not that wealthy at all ..everyone keeps telling me to not worry about paying for college that i'm gonna get a free ride..but i don't even know if i'm getting any help...i did my fafsa and i don't know if i get anything...please help because i need to know how i'm gonna be paying for college...

Answer 1

At the end of your FAFSA it would have given you an EFC number. That number is roughly what the government think you can put towards your education for the 08-09 school year.

If that number is above 4041, then you would not be eligible for federal grants. The lower the EFC, the more grant money you will be eligible for.

I certainly would not count on getting a free ride. Things greatly depend on where you aer going to attend college.

Even students with a zero EFC sometimes have to pay out of pocket or get student loans because they go to an expensive school.

If you have a zero EFC and you are planning on going to a community college, then more than likely, you will not have to take out loans or paynd. ttea anything out of pocket.

The ONLY person/people that can tell you what you are going to get or what you are eligible for is the financial aid office at the school you are going to attend.

Answer 2

If your FAFSA is submitted and sent to the school you are attending, they will look at it and determine what they can give you based on your EFC and other things. This can take awhile, but you should know at least by the middle of July.

In the meantime, check and see if the college you will be attending has any scholarships you can apply for. If there are, do it!

Answer 3

If you have filled your Fafsa. You will get a reply from them letting your know if your application needs attention or not. If everything is okay with your application, you will get an email letting you know everything is complete. To see the estimated contribution from your family, i.e if you are under 24 or a dependent. Log on to Fafsa, Click on no. 3 -the one that says Fafsa follow up and check status of submitted fafsa(the first option in that box - No.3). You will need your SS, first and last name and Fafsa PIN to log in. When you log in, click on SAR comments in your account; there you will see what you will be getting....like grants, sub loans and/or unsub loans.

But before you can get information on how much you will be getting for financial aid, you have to apply to a school and be admitted. Then Fafsa will contact your school with your estimated family contribution. Your school will use your EFC to determine your financial aid eligibility for other federal grants, loans, and work study, and possible funding from your state and school. Then your school will contact you with an award letter, listing what you qualify for. If you get both subsidized and unsub loans, I would advise you apply for subsidized loans because the govt. pays for the interest accrued while you are in school. But the other, you have to pay the interests yourself.

However, to qualify for any loan, you have to be at least half time at the school, that is, at least 6 credits........

But if you are able to get grants, and all the free money for school....good for you!

Best of luck!

Answer 4

Did you electronically sign your fafsa?

If you did , you have nothing to worry about because I just graduated from hs and I didn't hear anything from the schools that I sent my fafsa to until a couple of weeks later.

If you are that worried, call your school's financial aid office.

It's nothing to worry about!