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PAYING FOR COLLEGE!!! what should i expect when i get my FAFSA results back?

Answers:1   |   LastAnswerAt:2009.12  

Asked at 2009.12.21 17:10:52
I am very eligible for grants and other aid. but when i get my fafsa results back is it going to tell me how much they are going to give me for school or what? or will i have to apply for various grants and scholarships after i get that? i don't understand how this whole thing works. i just filled out the application.
answer NotAnyoneYouKnow  Answered at 2009.12.21 17:10:52

Receiving your EFC score from the Department of Education is just the second step in your financial aid process - the first was submitting your FAFSA, the last will be actually receiving the aid.

When you completed the FAFSA, Question 104 asked where you wanted your FAFSA results sent - you had up to 5 blanks, where you could fill in a federal school code for as many as 5 schools. Hopefully, you entered the code for the school that you will be attending in the fall.

The officers in the financial aid office at your school are the ones who are actually responsible for determining what types of aid they have available for you. They'll review your EFC score in conjunction with the EFCs of all of the other incoming freshmen at your school, and they'll put together an aid package just for you.

At some point in the not too distant future, you will receive an "aid offer letter" from financial aid, explaining what forms of aid they can offer you. There will be instructions, telling you what you'll need to do next. Read those carefully, because you will probably need to respond to the aid offer letter, and you may need to complete and submit additional paperwork.

The FAFSA is used to determine your eligibility for federal student aid, but most states and schools piggy-back on that application, and use it to evaluate you for their own forms of aid. Make sure that your school and/or your state don't have additional forms, too. If they do, they'll be in your admissions package, so look carefully.

Many schools offers scholarships of their own - sometimes all you need to do is fill in the FAFSA and financial aid paperwork, other times, there are separate scholarship applications. Again, read your admissions materials carefully for information about available scholarships that are offered directly through the school.

If you want to apply for general scholarships, that are available to students from any school, you'll need to track those down on your own - the school won't offer any assistance in getting you applied for any of those outside scholarships. If you hope to obtain scholarships for the fall, you should be busy working on those right now.

I hope this helps - good luck!
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