TooPlaneCrazy7
Guest
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| Posted: Thu Dec 02, 2004 10:24 pm
Post subject: Financial aid and low GPA question |
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Hello,
I have amassed around 90 hours at a college in Texas in the 2001/2002 school
year. However, I made a mistake and interrupted my schooling in order to start
a small business that was going pretty well....only to have it backfire on me.
Now, I am looking at going back to school and would love to attend an
out-of-state university in Montana and get back on track. I was wondering if
someone could tell me whether I can still get a good chunk of financial aid in
an out-of-state college AND (here's the bad part) whether my past 2.0 GPA
affects my financial aid eligibility? If so, what are some other options?
Thanks for any insight and answers to my questions.
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Steve Blank
Guest
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| Posted: Thu Dec 02, 2004 11:14 pm
Post subject: Re: Financial aid and low GPA question |
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TooPlaneCrazy7 wrote:
| Quote: | Hello,
I have amassed around 90 hours at a college in Texas in the 2001/2002 school
year. However, I made a mistake and interrupted my schooling in order to start
a small business that was going pretty well....only to have it backfire on me.
Now, I am looking at going back to school and would love to attend an
out-of-state university in Montana and get back on track. I was wondering if
someone could tell me whether I can still get a good chunk of financial aid in
an out-of-state college AND (here's the bad part) whether my past 2.0 GPA
affects my financial aid eligibility? If so, what are some other options?
Thanks for any insight and answers to my questions.
|
There is a difference between aid eligibility and actual aid received.
Eligibility is based upon the personal financial situation information
you will be putting on the Free Application for Financial Aid (FAFSA),
not your prior grades.
The FAFSA information determines your Expected Family Contribution (EFC)
- the amount that you are expected to be able to pay.
The difference between your EFC and the total cost of attendance at a
particular college will be your maximum eligibilty, or "Need".
The college will then determine how much of that Need they choose to
fill, and from what sources.
Typically, the higher they rate the student the greater the amount of
Need filled. How they rate you will be based on all the information you
provide on the admission application along with academic transcripts,
SAT scores, etc.
So what you have to do is apply for admission, apply for aid, and see
what happens. You should apply to several schools since there is no way
to know who will accept you, and some may do much better with aid than
others.
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761 |
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