How long does it take to receive a scholarship?
Merit scholarship results are typically announced one month after the scholarship deadline. Deadlines can be found on each scholarship webpage. Need-based awards are announced on a rolling basis once your FAST financial aid application is complete.
What do I do with leftover fafsa money?
If there is money left over, the school will pay it to you. In some cases, with your permission, the school may give the leftover money to your child. If you take out a loan as a student or parent, your school (or your child’s school) will notify you in writing each time they give you any part of your loan money.
Do you get to keep leftover financial aid?
If you have money left over from your Pell Grant, you can ask the school to hold the funds for you, or you can receive the remaining amount as a refund. Pell Grants go toward education expenses, except student loan expenses.
Should I accept all of my financial aid?
Although it can be tempting to accept all the loan money offered in a school’s financial aid offer, experts say students should only take what they actually need for tuition, fees and living expenses. “Some students will need or want to spend more, and some will find ways to spend less,” Burdick said.
Who gets fafsa money?
Our general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at your college or career school. There are more eligibility requirements you must meet to qualify for federal student aid.
Can fafsa cover full tuition?
In short, yes. The financial aid that a student receives from submitting the FAFSA is supposed to be money that pays for their full cost of college, also known as the “cost of attendance.” Basically, the FAFSA will help students pay for any expense related to their college education.