Financial aid HELP!

Steve Blank <steve RemoveThis @randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
> John wrote:
> > I would like to attend a 4 year college in the fall. Trouble is that
> > my parents are in some serious financial trouble. My question is:
> > Becasue their financies are screwed up does that mean that I'll get
> > more in aid or will they just look at earnings from the FAFSA form?
> > Also, for student loans, you must have a co-signer right? I only ask
> > becasue a friend of mine didn't have to. Thanks!
>
> The FAFSA establishes the eligibility for aid using 2003 income. If the
> parent income in 2003 was low, it will increase your aid eligibility. If
> you mean that 2003 income is much higher than anticipated for 2004 then
> you should write a letter direct to the college director of financial
> aid and explain your unusual circumstances. They may be willing to make
> adjustments.
>
> The federal Stafford Loans and the Perkins Loans are in the student's
> name only, no co-signer required.

That's good to know about the loans. My parents income is aobut the
same, it's just that they had to many bills and had to file
bankruptcy. Is that something that I should discuss with the Financial
Aid people?
 >> Stay informed about: Financial aid HELP! 

John wrote:
> Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
>
>>John wrote:
>>
>>>I would like to attend a 4 year college in the fall. Trouble is that
>>>my parents are in some serious financial trouble. My question is:
>>>Becasue their financies are screwed up does that mean that I'll get
>>>more in aid or will they just look at earnings from the FAFSA form?
>>>Also, for student loans, you must have a co-signer right? I only ask
>>>becasue a friend of mine didn't have to. Thanks!
>>
>>The FAFSA establishes the eligibility for aid using 2003 income. If the
>>parent income in 2003 was low, it will increase your aid eligibility. If
>>you mean that 2003 income is much higher than anticipated for 2004 then
>>you should write a letter direct to the college director of financial
>>aid and explain your unusual circumstances. They may be willing to make
>>adjustments.
>>
>>The federal Stafford Loans and the Perkins Loans are in the student's
>>name only, no co-signer required.
>
>
> That's good to know about the loans. My parents income is aobut the
> same, it's just that they had to many bills and had to file
> bankruptcy. Is that something that I should discuss with the Financial
> Aid people?

Yes. They will decide if your circumstances justify adjustments.

--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
 >> Stay informed about: Financial aid HELP! 

Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<kvxNb.8973$WS6.5324@newssvr16.news.prodigy.com>...
> John wrote:
> > Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
> >
> >>John wrote:
> >>
> >>>I would like to attend a 4 year college in the fall. Trouble is that
> >>>my parents are in some serious financial trouble. My question is:
> >>>Becasue their financies are screwed up does that mean that I'll get
> >>>more in aid or will they just look at earnings from the FAFSA form?
> >>>Also, for student loans, you must have a co-signer right? I only ask
> >>>becasue a friend of mine didn't have to. Thanks!
> >>
> >>The FAFSA establishes the eligibility for aid using 2003 income. If the
> >>parent income in 2003 was low, it will increase your aid eligibility. If
> >>you mean that 2003 income is much higher than anticipated for 2004 then
> >>you should write a letter direct to the college director of financial
> >>aid and explain your unusual circumstances. They may be willing to make
> >>adjustments.
> >>
> >>The federal Stafford Loans and the Perkins Loans are in the student's
> >>name only, no co-signer required.
> >
> >
> > That's good to know about the loans. My parents income is aobut the
> > same, it's just that they had to many bills and had to file
> > bankruptcy. Is that something that I should discuss with the Financial
> > Aid people?
>
> Yes. They will decide if your circumstances justify adjustments.

That's great, I thought everything was messed up! Thanks for your help!
 >> Stay informed about: Financial aid HELP! 

Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<kvxNb.8973$WS6.5324@newssvr16.news.prodigy.com>...
> John wrote:
> > Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
> >
> >>John wrote:
> >>
> >>>I would like to attend a 4 year college in the fall. Trouble is that
> >>>my parents are in some serious financial trouble. My question is:
> >>>Becasue their financies are screwed up does that mean that I'll get
> >>>more in aid or will they just look at earnings from the FAFSA form?
> >>>Also, for student loans, you must have a co-signer right? I only ask
> >>>becasue a friend of mine didn't have to. Thanks!
> >>
> >>The FAFSA establishes the eligibility for aid using 2003 income. If the
> >>parent income in 2003 was low, it will increase your aid eligibility. If
> >>you mean that 2003 income is much higher than anticipated for 2004 then
> >>you should write a letter direct to the college director of financial
> >>aid and explain your unusual circumstances. They may be willing to make
> >>adjustments.
> >>
> >>The federal Stafford Loans and the Perkins Loans are in the student's
> >>name only, no co-signer required.
> >
> >
> > That's good to know about the loans. My parents income is aobut the
> > same, it's just that they had to many bills and had to file
> > bankruptcy. Is that something that I should discuss with the Financial
> > Aid people?
>
> Yes. They will decide if your circumstances justify adjustments.

I also have another question: What's a PLUS loan? I've heard about it
but don't knowthat much information. Thank you!
 >> Stay informed about: Financial aid HELP! 

John wrote:
> Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<kvxNb.8973$WS6.5324@newssvr16.news.prodigy.com>...
>
>>John wrote:
>>
>>>Steve Blank <steve.TakeThisOut@randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
>>>
>>>
>>>>John wrote:
>>>>
>>>>
>>>>>I would like to attend a 4 year college in the fall. Trouble is that
>>>>>my parents are in some serious financial trouble. My question is:
>>>>>Becasue their financies are screwed up does that mean that I'll get
>>>>>more in aid or will they just look at earnings from the FAFSA form?
>>>>>Also, for student loans, you must have a co-signer right? I only ask
>>>>>becasue a friend of mine didn't have to. Thanks!
>>>>
>>>>The FAFSA establishes the eligibility for aid using 2003 income. If the
>>>>parent income in 2003 was low, it will increase your aid eligibility. If
>>>>you mean that 2003 income is much higher than anticipated for 2004 then
>>>>you should write a letter direct to the college director of financial
>>>>aid and explain your unusual circumstances. They may be willing to make
>>>>adjustments.
>>>>
>>>>The federal Stafford Loans and the Perkins Loans are in the student's
>>>>name only, no co-signer required.
>>>
>>>
>>>That's good to know about the loans. My parents income is aobut the
>>>same, it's just that they had to many bills and had to file
>>>bankruptcy. Is that something that I should discuss with the Financial
>>>Aid people?
>>
>>Yes. They will decide if your circumstances justify adjustments.
>
>
> I also have another question: What's a PLUS loan? I've heard about it
> but don't knowthat much information. Thank you!

John,

PLUS is Parent Loan for Undergraduate Student. The parents may brrow up
to the full amount needed to pay for college after any financial aid.
However, parents must have a clean credit history and it doesn't sound
like yours do. In that case, the parent applies for the PLUS, get's
turned down, and you are automatically eligible for another $4,000 in
student loans of your own.

John, your questions indicate that there may be a lot of other aspects
to financial aid that you don't even know to ask about. I'd suggest that
you visit www.finaid.org which has more about financial aid than you
ever knew existed.

--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
 >> Stay informed about: Financial aid HELP! 

Steve Blank <steve DeleteThis @randallblank.com> wrote in message news:<CYBNb.9029$fR7.7498@newssvr16.news.prodigy.com>...
> John wrote:
> > Steve Blank <steve DeleteThis @randallblank.com> wrote in message news:<kvxNb.8973$WS6.5324@newssvr16.news.prodigy.com>...
> >
> >>John wrote:
> >>
> >>>Steve Blank <steve DeleteThis @randallblank.com> wrote in message news:<_3qNb.8945$fX4.6494@newssvr16.news.prodigy.com>...
> >>>
> >>>
> >>>>John wrote:
> >>>>
> >>>>
> >>>>>I would like to attend a 4 year college in the fall. Trouble is that
> >>>>>my parents are in some serious financial trouble. My question is:
> >>>>>Becasue their financies are screwed up does that mean that I'll get
> >>>>>more in aid or will they just look at earnings from the FAFSA form?
> >>>>>Also, for student loans, you must have a co-signer right? I only ask
> >>>>>becasue a friend of mine didn't have to. Thanks!
> >>>>
> >>>>The FAFSA establishes the eligibility for aid using 2003 income. If the
> >>>>parent income in 2003 was low, it will increase your aid eligibility. If
> >>>>you mean that 2003 income is much higher than anticipated for 2004 then
> >>>>you should write a letter direct to the college director of financial
> >>>>aid and explain your unusual circumstances. They may be willing to make
> >>>>adjustments.
> >>>>
> >>>>The federal Stafford Loans and the Perkins Loans are in the student's
> >>>>name only, no co-signer required.
> >>>
> >>>
> >>>That's good to know about the loans. My parents income is aobut the
> >>>same, it's just that they had to many bills and had to file
> >>>bankruptcy. Is that something that I should discuss with the Financial
> >>>Aid people?
> >>
> >>Yes. They will decide if your circumstances justify adjustments.
> >
> >
> > I also have another question: What's a PLUS loan? I've heard about it
> > but don't knowthat much information. Thank you!
>
> John,
>
> PLUS is Parent Loan for Undergraduate Student. The parents may brrow up
> to the full amount needed to pay for college after any financial aid.
> However, parents must have a clean credit history and it doesn't sound
> like yours do. In that case, the parent applies for the PLUS, get's
> turned down, and you are automatically eligible for another $4,000 in
> student loans of your own.
>
> John, your questions indicate that there may be a lot of other aspects
> to financial aid that you don't even know to ask about. I'd suggest that
> you visit www.finaid.org which has more about financial aid than you
> ever knew existed.

Thanks for the site, really answers alot of my questions, thanks for your help!
 >> Stay informed about: Financial aid HELP!