Fed Financial

up 2 how much money does the fafsa financial aid plan give u and is it weekly monthly? i need all the info plz

Public Comments

1. It varies depending on your financial need. Usually you get a Stafford loan which starts at $2625 a year for your freshman and sophomore years then it jumps to $ 5250 a year for your junior and senior years. Minus that you may get a few loans or state grants, it all depends on the university you are attending.
2. FAFSA does not give anything. The financial aid office at your college awards money to qualified students. The money usually comes in during the beginning of the semester and is credited to your account. If there is $$ left after tuition, books, and housing is paid, you may request a withdraw of funds from your account.
3. I don't know if there is a firm maximum you can receive from filling out the FAFSA. The FAFSA is really a form which covers your Federal Aid and many states also use it as their form as well (why double up the work when the feds are already doing the work?). As to how it's paid out...it's given directly to schools so you don't touch any of the money. And it's given by semester, Fall, Spring, Summer.