Question : When applying for FAFSA does your financial aid start in Fall?
I have a friend who needs financial aid for this spring semester, and I am afraid that financial aid through FAFSA doesn't start until fall semester. I assume she can get financial aid for summer through the school, but what should she do for spring quarter after this winter quarter?
- asked by Raspberry
All Answers:
Answer #1
she may be able to get a loan and later FAFSA canrepay it if she qualifies. She needs to talk to afinancial aid counselor to verify.edit: when youare eligible for spring classes you are alsoeligible for summer classes from FAFSAanswermine
http://answers.yahoo.com/question/index;_ylt=AsjiclK4rwa27X.9zZ9YYNLsy6IX;_ylv=3?qid=20090106161526AA5JlQ9
- answered by Alimac
Answer #2
You can get FAFSA for only the spring and fallsemester (no summer sessions) and unfortunatelythey make those allotments before the start of theacademic year, which starts in the fall semester.If she applies now, she'll be applying for thefall and the earlier the better since they have alimited number of resources to loan. (Noteveryone's needs are meet based on need, timinghas a lot to do with it.)Her best bet is probablya private loan since, even in this economy, theyare good bets financially, unlike variable ratemortgages. Tell her to move quickly since, again,timing is a factor. The earlier the better.
- answered by Andrew E
Answer #3
She can get it to start in the spring 09. Sheneeds to go online at
http://fafsa.ed.gov andselect the 2008-2009 fafsa. If she is startingschool next week and is just now applying, her aidwon't be processed by the time school starts, butshe can still get it. They can can still processit after the semester starts. If the school wantsmoney before, maybe she can borrow it fromsomeone. Some schools will let you attend classeswith an outstanding balance as long as you havefin aid pending.
- answered by Suddenly Human
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