Question : FAFSA resullts, why did I recieve different amounts of financial aid at the schools I applied to?
I just got my FAFSA report back from both colleges I applied to. I got 2000 more dollars in loans at Oklahoma State University than I got at Texas A&M. Why are the amounts different if the tuition costs are roughly the same?
- asked by Hkilledthecat
All Answers:
Answer #1
yes
- answered by WARIS
Answer #2
The amount of financial need that is coveredvaries from school to school. Oklahoma covers 72%of the need while Texas A&M covers 92%. Accordingto this, you should have gotten more from TexasA&M. I would consult the financial aid officeabout this.
- answered by Aqib Hayat
Answer #3
If you are talking about your "Award letters" fromboth schools then you must understand that yourawards WILL be different from school to school. Usually the difference is in state aid (if you area resident of Oklahoma you likely qualified forstate aid there). Or sometimes the school willautomatically offer you a Subsidized Staffordloan, while NOT offering you the UnSub Staffordloan. Texas A&M may make you go back and ASK for the UnSub loan. Each school has its own awarding"standards" and they are not uniform and VERYsituational to YOU like how early you did yourfafsa and how quickly you turned in all yourpaperwork to each school. Also, if you arecomparing schools from different states the "Costof Attendance" may be significantly higher at one,causing the amount of parent PLUS loans to be agreat deal more.Without more knowledge of what youare being offered, it's hard to tell, more infowould be helpful. There are certain federal aidyou get that will be uniform no matter what schoolyou attend, but not all, esp state and school aidwill be the same. ALWAYS look at the bottom lineof how much the school is going to COST you in theend (loans and cash) rather than how large youraid package is. Good luck.
- answered by just not that
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