Question : Does a college student have to send in a FAFSA application?
I'm in college and need financial aid to afford it. But I am not sure whether I have to send in a FAFSA application or can I just take out a private student loan to pay for my college. The money I get from the FAFSA doesn't cover all of my college expenses anyways, and I need to apply for an additional loan through a private loaner regardless. So is it okay for me to only apply for a private loan and to not even bother with a FAFSA? If anybody has any information on this topic please post an answer. Thank you.
- asked by steelersfan0412
All Answers:
Answer #1
only if you don't want to spend thousand ofdollars on your ownfafsa you don't have to paybackbut if you get a student loan you have to payevery penny
- answered by magicalpowersofcolors
Answer #2
Well you don't ever HAVE to apply for FAFSA. It isjust an option. But in my opinion any free moneyhel is welcomed!!You should apply and then takethe loan with what ever else you need.Good luck
- answered by Jessmoment
Answer #3
Yes it is okay to only apply for a private loan,but I don't recommend it. My brother's FAFSAcovered 75% of his tuition and expenses, so hejust took out a loan for the other 25%.
- answered by blue_eyes
Answer #4
I would say you need to send in a FAFSA either waybecause the private loan place is going toencourage you to take all the federal aid you canfirst before they allow you to borrow. Myuniversity requires it so don't listen to thefirst or second people who answered. Also if youplan on getting a private loan make sure if youare signing for yourself you have at least twoyears of employment and a few years of goodcredit. Obviously many college students don't meetthese criteria. In other words just use a cosignerwho trusts you that meets them.
- answered by mojo2093@sbcglobal.net
Answer #5
Fill out the FAFSA and try to get whatever grantsyou can, and then get a loan for the rest of it.I'm sure a private lender would have try to getwhatever financial aid you can first.
- answered by JP
Answer #6
Most schools make you do the FAFSA anyways becauseyou are entitled to any help that you deserve. ButI would fill it out, that way the loan you regoing to take out will be less and in turn, youwill owe less. FAFSA gives you free money, youmight as well take advantage.
- answered by ashley c
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