Fed Financial
When going to college for your masters, will you sitll qualify for federal financial aid?
A friend of mine has four children and is broke. She has a bachelor's degree, but cannot find a job. If she goes for her master's can she qualify for financial aid? She has never used it before.
Public Comments
- I do not know about grants but I am sure she would qualify for student loans. You do not have to start paying on them for six months after you get out of school. Have her do a FASFA application online and they should be able to tell her what she qualifies for.
- No she can't get financial aid since she has already graduated.
- Yes she will get title four funding (Stafford Loans) but since she has a bachelor's degree she will not qualify for the pell grant.
- With a bachelors degree she is not eligilble for the Pell grant, but she may still qualify for state grants depending on where she lives and her income. She will be eligible for Federal Student loans.
- She will not get grants but you can still get loans like stafford loans. After stafford loans (fixed 6.8% interst rate) your next best loan option is the Graduate PLUS loan fixed 8.5% interest rate. Keep in mind the stafford loans are need based for the sub part. Have her check out these links there is a link for free money too!
