Any luck when you filed for FASA?

I just completed a FASA application online for the first time and I was wondering if other people have had any luck securing grants or loans through FASA?

I'm also curious to see how much FASA paid if you were approved and the repayment rate/ term?

 

I assume you mean FAFSA. If you are going for your undergrad you should be pretty successful in getting grants and of course loans. Grants are the more important thing because it is free money. I filled one out for graduate school just for the heck of it because I never filled one out before, of course no grants but they were offering loans. I don't do loans so I didn't check into the terms.

 

Yes I meant FAFSA, and its for an undergraduate degree.

 

You can look the rates up online for the loans they will offer you. Grants have a lot to do with you income (I think). Elearners has a person who writes a blog on FA. You might want to pop over there and shoot her/him an email. They might have a lot better answers for you.

 

Click here to go to FAFSA4CASTER website. Plug in all the information needed and it will provide all the answers you need.

 

For undergrad the grants are need based. Some schools have small grants that they apply internally ( small like 100) Theres FSEOG, Pell and some others I can't recall of the top of my head. If your expected family contribution is ) then you will probably qualify for max grants.

For loans basically if you haven't defaulted on a federal loan and are in an eligible program at an eligible school you are gonna get it (there are some strange cases that could stop your Stafford loan eligiblity but in 9 years working in FA I have only seen maybe 5 cases of that happening. The higher your grade level the more you qualify for loans. There is a annual limit and an aggregate limit. The interest rates are determined annually by ED. The terms are usually 120 months(less for small loans) to pay the loan off and plenty of deferments and forbearance to postpone payments along the way.

If you have to take loans try to stay away from the private loans. They have higher rates and less friendly deferment/forbearance options.

 

In order to avoid creating a new thread; has anyone here had to pay a fee to transfer the units you earned through another college or university? I recently heard I might have to pay $50 per unit for every unit transferred . . .

 

That's some bull crap, I'm sure there are schools out their that do that. What school was it?