Subscribe in a reader
01.02.07 | Transferring Schools…Update your FAFSA
If you are like many college students and are thinking about transferring schools, then you want to make sure you update your FAFSA before going forward. I get numerous calls from students who just assume that the money from their old school will automatically transfer over to their new school. This is not true and unless you cancel out your old loan from your old school you may be responsible for that loan even if you are not attending that college.
Furthermore, since different schools have different costs of tuition, the amount you may be awarded can also be different. Just because you got awarded a certain amount at one school doesn’t mean you will get that same amount at the new school. In order to assure that you get any money please remember to update your FAFSA. I can’t stress this enough. That is not the final step however. Just like when you first applied at your old school you need to wait for the award letter and then fill out the application for a Stafford Loan. This can be done at the Stafford Loan Website. Hopefully I was able to provide a little clarity on the subject and remember if you ever have questions it is always best to ask your schools financial aid office.
HELPFUL LINKS:
I have a question. My niece was recieving FSFA money while going to school in California. She changed her school code when she arrived in NC in July. It was processed on 9/4/07. Apparently NC State is saying she does not qualify for FSFA because she filed her Fsfa too late. She has been recieving FSFA money since she began school. Can you help me understand why she does not qualify. Her FSFA was filed in California before the cutoff date and she filed the change of school before the Sept 17 deadline. She will have to sit out this school year if she does not recieve money to help her with the costs. Does anyone know what are her options at this point. Her single parent helps her with her living expenses, but she is on her own for all other expenses including her tuition. Help is greatly appreciated.
September 13th, 2007 | #