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Gear300
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Based on around a $12 000 yearly salary, how much financial aid can I get in addition to help from a state residency?
tmyer2107 said:Well I'm not exactly sure and it does vary a lot but depending on your situation. You might get a few thousand dollars in pell grants and stafford loans. What you should do is just apply to both schools and fill out your fafsa at www.fafsa.gov. You will then receive financial aid packets from the schools telling you how much you are getting. Then you can make your decision. You could also ask the school for more money (this works more with private schools). I got an extra few thousands dollars added onto my scholarship by writing a letter to the financial aid department in my school.
Gear300 said:I see. The money for university is quite a bit (considering room and board as well). How possible would it be for me to limit the overall costs to within $2 000 a semester (lately, its been starting to sound unlikely)?
tmyer2107 said:Depending on how much aid/scholarship you get it could be very possible. I got a lot of scholarship from my school and a little from the state to where I get about $10,000 a year back from the school which I then use to pay for my apartment and books. If you go to a state school in a state you currently have residence in and you got some financial aid from the state it would be possible to keep your overall costs to within $2000 a semester. It is very unlikely though. I wouldn't get your hopes up or get too discouraged until after you get your financial aid packet. After that you can figure out what is possible or what you need to do in order to make one option possible.
Gear300 said:I see. Thanks. One additional question: I've also been self-studying material, so I was wondering if it was possible to take a test for a few courses before enrolling into an institution?
Depends on the school. Mine mostly let's you test out of pre-reqs if you show that you're qualified, rather then actually getting credit for the course. Some schools also take CLEP exams, but the exams are starting to be phased out, so you need to talk to the school. AP exams are more widely accepted (I got 30 credits out of them), but they're also a high school/special class thing.Gear300 said:I've also been self-studying material, so I was wondering if it was possible to take a test for a few courses before enrolling into an institution?
To estimate your potential state aid with a salary of $12K or more, you can use a state aid calculator provided by your state's department of education. This calculator will take into account your income, family size, and other factors to give you an estimate of the amount of aid you may be eligible for.
Yes, there may be a limit to the amount of state aid you can receive with a salary of $12K or more. This limit varies depending on the state and the specific financial aid program. It is best to check with your state's department of education or financial aid office for more information.
No, state aid is typically considered a grant and does not need to be repaid. However, some state aid programs may have certain conditions, such as maintaining a certain GPA or completing a certain number of credit hours, in order to keep the aid. It is important to carefully review the terms and conditions of the state aid you receive.
Yes, your salary may affect your eligibility for other types of financial aid, such as federal grants and loans. This is because your salary is used to determine your Expected Family Contribution (EFC), which is a measure of your family's financial strength. A higher salary may result in a higher EFC, potentially making you ineligible for certain types of need-based financial aid.
Yes, there may be special circumstances that could affect your eligibility for state aid with a salary of $12K or more. These could include having a dependent child, being a single parent, or having extenuating financial circumstances. It is important to communicate any special circumstances to your state's department of education or financial aid office to see if you may be eligible for additional aid.