It might be difficult–especially in the first year. However, regardless of your income in the previous year, you will probably qualify for student loans.
I didn’t get my SAR. Is there a number I can call to find out what happened?
Call 1-800- 4-FED-AID / (800) 433-3243 (Note: If you provided an e-mail address, the SAR will be sent to you electronically.)
Why does it take so long to receive the money?
Because many people are applying for financial aid. But here’s a rough breakdown of the steps and the approximate timeframe for each: For you to receive your SAR after you have submitted your application online (Free Application for Federal Student Aid): 2 to 4 weeks; For COA to process your...
How long does it take from the time I complete my FAFSA (Free Application for Federal Student Aid) to when I receive my first check?
It may take at least 4-8 weeks.
If I am living away from my parents, am I considered to be “independent?”
Not necessarily. Applicants for Federal Financial Aid (below the age of 24) are considered to be dependents, unless they are married, a veteran, an orphan, a ward of the court, or have dependents (usually children).
How much money can I get if I apply for Financial Aid?
It depends upon your family’s situation. The maximum Pell Grant would be $5,815 per year. The maximum Subsidized Stafford Loan for a first year dependent student is $3,500. Work-study allocations usually begin at $3,800 per year.