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i accepted my loans last semester but then got a scholarship later and didnt need them, financial aid office said i could just decline them after accepting no problem. but different schools probly have different policies
About your work-study question - typically these positions are reserved exclusively for students with work-study awards, so yes, there is preference built into the system. You'll likely need to provide your financial aid award letter or some verification when applying. Many departments hire work-study students because the federal government subsidizes a portion of your wages (usually around 75%), making it cheaper for the department to hire you compared to regular student workers. This is why these positions are specifically reserved for work-study eligible students.
our financial aid finally came yesterday!!! literally called my daughter at school crying because one package was SO MUCH BETTER than we expected. don't give up hope! they explained that they're prioritizing packages for students who listed their school as first choice on fafsa. did you guys put the schools in preference order when you submitted? that might be affecting which ones come first.
Actually, this is a common misconception. The current FAFSA no longer sends your school preference order to the institutions. Schools can see that they're on your list, but not where they rank in your preferences. The order only affects which state agencies receive your information for state aid consideration. Your experience suggests that particular school might be prioritizing aid packages based on other factors or is simply further along in their processing.
As we navigate these unprecedented FAFSA delays, here's what financial aid administrators are saying behind the scenes: 1. Most schools are processing aid packages as quickly as they receive SAI data from the Department of Education 2. Many institutions are creating contingency plans for students who commit without aid information, including extended decision windows and modified refund policies 3. Some schools are offering preliminary aid estimates based on previous year formulas (though these could change) 4. Almost all schools understand this is not the fault of students and families If your student absolutely must decide by June 1st without aid information, ask the financial aid office these specific questions: ⢠"If I commit now and later find your aid package insufficient, what specific policies do you have for releasing me from my commitment?" ⢠"Will I receive a full deposit refund if I need to change my decision based on aid that arrives after the deadline?" ⢠"Can you provide a timeline in writing for when I can expect my aid package?" Get these answers in writing (email) whenever possible.
my roomate had both types of loans and said the biggest benefit was when she lost her job after graduation, she could put her federal loan on hold but had to keep paying the private one even tho she had no income. thats why i took all the federal loans i could get even tho some of my private options had slightly better rates
That's a really valuable perspective, thank you. The safety net of being able to pause payments during hardship is definitely worth considering.
One final point to consider: if your daughter takes the federal loan first and then the private loan for the remainder, she'll end up with approximately 25% of her debt having federal protections. That's significantly better than 0%. Even this partial protection could be valuable in the future, especially since we can't predict economic conditions or personal circumstances years down the road.
You've all convinced me! She'll take the federal loan first and then use the private loan for the rest. Having some portion protected seems like the smart approach, and the administrative aspect of managing two loans doesn't seem that burdensome compared to the benefits. Thank you all for your helpful insights!
Just to follow up on my earlier comment - make sure when you contact your son's financial aid office that you specifically ask about an \
Giovanni Mancini
the new fafsa sucks so bad lol. took me 3 tries just to get logged in right. but ya just have him sign his part and keep trying with urs. or just submit it with only his signature and deal with parent signature later
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Fatima Al-Suwaidi
ā¢NO!!! Bad advice! If they submit with only the student signature, they'll process it without the parent contribution which could mess up their SAI calculation completely!
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NebulaNinja
Quick update based on the conversation: If your name has a hyphen as you mentioned, that could definitely be causing the issue. The current FAFSA system has known problems with special characters in names. To fix this, you have a few options: 1. Try entering your name without the hyphen to see if it processes 2. Contact FSA directly to have them manually verify your information 3. Some users have reported success by using a different browser in incognito/private mode And yes, your son can still sign his portion now - the consensus from most users (including financial aid professionals) is that this is fine and won't affect your ability to complete your section.
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Amara Nnamani
ā¢Thank you! I'll try the name without the hyphen first - that seems like the easiest solution to test. If that doesn't work, I'll probably need to contact FSA directly. Really appreciate everyone's help here!
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