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FAFSA EFC of 11972?!? After just being married in August, and just filing taxes with my new status of married filing jointly, I have finished my FAFSA for 2007-08. My EFC came back at 11972! OMG is this a joke? Combined my husband and I made 46,000. He pays 550 a month in child support (for one child) and we RENT a condo at 500 a month. Two car payments at 300 each, not to mention the insurance that goes along with owning a car. That right there is over half of what we bring home as a couple. To top that off, theres ... (Asked by triciapiedra)
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All of these answers are good, but you also need to double check your FAFSA for errors. A misplaced 0 could cause you great trouble. I would first go over my FAFSA with a fine toothed comb, then go see the Fin. Aid department at the school. Good luck to you....(Answered by Byrdy)

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Can I use my own financial aid? i am not patient enough to wait for my school to award my money, so i wanted find a lender on my own has anyone ever done this and how can i recieve the maximum possible for my financial needs during the school year ... (Asked by KC Girl)
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babygirl...i have more student loans than you can imagine. the secret isn't the amount of the loan, but the amount of interest on the loan. i'm sure you can find lenders to give you money...but at a very high interest rate (and probably cloaked in a ton of hidden fees). a little patience now will save you money later....(Answered by Ced)

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Can you tell me the easiest steps to apply for financial aid when you own properties? I was told that my 19 year old daughter would not get financial aid because of the properties that her parents own to much income they wanted to see our 2005 income tax papers why cant she apply on her own she has her own apt. and works and pays all her own bills? ... (Asked by Sweet Sue)
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because your daughter is 19 and not 24, no kids, or not married then she is considered a dependent. Since she has her own apt. and works and pays all her own bills, this does not make her independent, this rule is dedicated by the department of education. Hopefully, she has outstanding grades and have been active in her community to receive scholarships and the there are loans to consider or go to a community college 1st....(Answered by sunshine23511)

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how can you get in your grands and change them with out the school kn owning? ... (Asked by hotcat)
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Earn good grades before and they will never know, it works all the time!...(Answered by alleta2000)

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I own a home. I want to go to school FT. Will the government give me a student loan to cover housing? I will need money for school and housing. I do not plan on working while getting my degree. ... (Asked by Elizabeth O)
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Depending on your situation, it may work. http://students-loans-consolidations.com?=yh070312 Good luck !...(Answered by carlos)

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How does owning a house affect stafford loan eligibility? Would owning a house with a domestic partner affect my stafford student loan eligibility if my partner was the one making all the payments? I have the credit history so I need to be one the loan but they will be making the payments whilst I am in school. Any resources for assets and how they are calculated in to eligibility would be appreciated. For the purposes of this question the house would be worth approximately $200,000 if this information is pertinent. ... (Asked by John F)
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The federal methodology for the Expected Family Contribution (EFC) does not take into account your credit or your primary residence and/or its associated mortgages. However, your school may use Institutional Methodology for state, local, and school aid, which does account for assets such as primary residence....(Answered by Financial Aid Podcast)

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I am having problems with going to college. I need help.? I am having trouble staying focus and motivated to complete class work all due to the fact that I worry too much about how I am going to pay my bills and pay for my books since my academic grades don't meet the requirments of the college. I can't get financial aid. So what do I do? Do I quit school or continue to persue my dream of owning my own business? ... (Asked by sistacbell)
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OMG!! I have the same problem girl!!! the exact same problem but i mean exact! Dont quit!!!! just work as hard as you can, especially getting that education. Books are so expensive but if that means taking time from your friends then DO IT!! Im lucky though because i have my mom helping me sometimes. Look forward and continue if it is really that difficult then get out for the quarter and work as much as you can. Maybe you should cut some of your services too and stop spending! i know its hard....(Answered by amordenajera)

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Does owning a property with a mortgage prevent you from getting private education loans? I'm curious because I'm interested in buying property but I have plans to pursue professional degree in the future. I wanted to see if having a mortgage would disqualify me from receiving a private/ alternative education student loan. ... (Asked by krazymack)
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No, it does not---not in ALL cases. There are many people with mortgages, fulltime jobs and spouses working fulltime, who apply for loans for med school and law school and who successfully receive such assistance, via a combination of grants, fellowships, scholarships and loans. Some scholarships require financial need, others simply require academic merit. Same idea applies for loans and grants. If you want need-based loans and grants then the amount you receive might be less if you own a home and your spouse works fulltime, etc. But it doesn't mean that you are disqualified, in most cases, from applying or ...(Answered by bookratt)

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Question about a Entrepreneurial Scholarship? Someone in my school pointed out I would be perfect for this scholarship: http://mckelveyfoundation.org/national_scholarship.html I would like to know if owning your own website counts as a business? My most popular one is: http://betteroblivion.com and I was wondering if it could be considered an advertising business since I display google ads for a profit? Any suggestions or should I just forget about this one? ... (Asked by Jeremy J)
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Yes, your website would qualify as a business. A business is simply a person, partnership, or corperation engaged in commerce. I took a look at the scholarship program and you should definately qualify, but it's not likely they are just handing out the scholarships. It did state that "THE WINNERS" will have certain obligations, so there will definately be some scholastic requirements that have to be met. But go for it, the worst that can happen is they say no. Good luck and best wishes....(Answered by prodius54)

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My children own stock in a minors account. When they go to college will this be held against them (aide)? Would it be better for me to own their stocks in my name before they are ready to go to college? They are preteens at the moment so it will be quite some time from now. So my questions are: should I convert (and is that legal) their minor accounts (stock) to my name to avoid it being held against them when they apply for aide for college? And when should I convert them over (wait until they are in High School or do it now???)? Thanks! ... (Asked by J Tap)
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Yes, it will be held against them from what I have heard. A higher percentage of savings is held against a minor compared to a parent or adult. The best thing is to talk to a tax advisor and an investment planner (can be two seperate individuals) before taking any action....(Answered by dawncs)

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