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What is the fafsa? When should I apply for financial aid?

How to report student loans on FAFSA?

I took out a Federal Stafford Loan to help pay for tuition last year. I'd like that to be a consideration when I fill out the fafsa this year, but there isn't a question asking about school-related debt. The only part I can think of is where you report your current assets. I have roughly $3,500 in the bank, but my loan was for $5,500. If I report exactly what the fafsa asks for, it ...
Read more : How to report student loans on FAFSA? | Views : 10 | Replies : 1


help plz

Hi i have a question i currently attend college and plan to transfer to hunter college in jan and also i plan to marry my GF,i am currently employed at an $11 and hr job in nyc because of the effects of the recession, it has become very hard to find anything better but as soon as i find something better my wife and i would move in together ,my soon to be wife is ...
Read more : help plz | Views : 74 | Replies : 3


what is untaxed income regarding unemployment

I recently received my notice from fafsa stating I was denied t.a.g and e.o.f because I was over they limit. I am not understanding how the only income i had came from unemployment. the total was 12,784.adjusted gross income was 10,384. with untaxed income being 2,400.Last year my total gross was 13,580, with 9176 coming from the job I had and 4,404 coming from unemployment. I wasnt denied e.of or t.a.g. and untaxed items were ...
Read more : what is untaxed income regarding unemployment | Views : 91 | Replies : 1


EFC is zero, what does this mean?

Hi,

I am a 19-year-old girl and I will begin to study in January 2011 at Portland State University.
I was growing up in Germany and so I am sorry that my English is not so good. But I finished school in June and now I will go home to the USA.

Month ago I filled out my FAFSA and my EFC is zero. But now I dont know how much money will I get ...
Read more : EFC is zero, what does this mean? | Views : 90 | Replies : 3


FA suspended after school claims GPA not good enough

My son had a .5 GPA in the fall of 09 so they put him on probation, and he made a 2.00 in spring 10 and according to the new financial rules as I read them you have to have a GPA of 2.0 or higher and he made that in the spring but they still turned him down for financial aid this semester and put him on suspension until his GPA"improves". So, let's say ...
Read more : FA suspended after school claims GPA not good enough | Views : 66 | Replies : 1


Reallocating a mutual fund into a Roth IRA

We have a mutual fund with several thousand dollars in it. It has sat there a long time collecting dust, I haven't deposited anything in it for years. I know it will be considered an asset when I file a FAFSA for the 1st time in January.

I was wondering if I could redeem these shares and open up a Roth IRA with the money. I realize I would have to pay any capital gains ...
Read more : Reallocating a mutual fund into a Roth IRA | Views : 56 | Replies : 1


FAFSA Untaxed income

This seems like a simple enough question yet in doing a web search I haven't found a clear answer.

My husband & I own a rental property. Is the rent received from tenants minus expenses, as recorded on our 1040 federal income tax form, considered untaxable income. I am thinking yes. So if we received $4800 rent for the year and with expenses deducted, it amounted to a total income of $1000, would the $1000 ...
Read more : FAFSA Untaxed income | Views : 75 | Replies : 2


My son just found out he was suspended and can't use his aid

With only a few days left, my son just found out his financial aid was suspended due to the new GPA requirements. He has only been going for 2 other semesters and he had a terrible teacher who refused to accept a paper from him because it was wet (it had been raining outside) and would not let him reprint a new one (at home) and bring it back and it was a major grade ...
Read more : My son just found out he was suspended and can't use his aid | Views : 49 | Replies : 1


Father makes 250k-300k a year, will fafsa give money?

I applied for financial aid freshman year more because everyone was telling me to do so. We recieved a loan, but my father did not need it and he denied it. I skipped applying sophmore year because i thought we would probably just get a loan again. I am a junior now, should i still apply? Would are the realistic chances i would get anything? I am the only child currently supported by my parents, ...
Read more : Father makes 250k-300k a year, will fafsa give money? | Views : 91 | Replies : 1


FAFSA

Ok I need Help! This fall I will be a graduate student but I have not had a job since forever! Do I need my parents to file for me or can I file independent? :?
Read more : FAFSA | Views : 68 | Replies : 1


 

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