Tag: state financial aid

FAFSA Deadlines

FAFSA Deadlines

FAFSA, the Free Application for Federal Student Aid, is used to apply for financial aid from your school, state, or government.  The application deadline for federal student financial aid and state student financial aid may be different, and you may be required to fill out additional application forms.

The FAFSA needs to be filled out in order for you to receive federal aid, state aid, or school aid.

  • School financial aid is given as loans, grants, or scholarships from the school you are attending (or wish to attend)
  • State financial aid is given by the state you live in as loans or educational grants.
  • Federal financial aid is given by the government as Pell Grants or Stafford Loans.

Federal Student Financial Aid deadlines

For the 2009 – 2010 school year (starting July 1, 2009, ending June 30, 2010), FAFSA online applications must be submitted by midnight central daylight time on June 30, 2010. Any corrections to the online forms must be submitted by midnight central daylight time on September 21, 2010.

If you apply for financial aid for the 2009-2010 school year (which we are currently in), you can use that aid to cover what you have already spent on schooling. This aid can also be applied towards any additional schooling or classes taken and completed before June 30, 2010.

For the 2010 – 2011 school year (starting July 1, 2010, ending June 30, 2011), FAFSA online applications must be submitted by midnight central daylight time on June 30, 2011. Any corrections to the online forms must be submitted by midnight central daylight time on September 21, 2011.

In order for you to actually receive financial aid, your school must have your correct and completed FAFSA information before the last day of your enrollment.

State Student Financial Aid Deadlines:

Most deadlines for state financial aid applications are different than the federal financial aid application deadlines, and will vary by each state. It is extremely important to check with your financial aid advisor to find out when these are so you don’t miss them! You can also check out http://www.fafsa.ed.gov/before003a.htm#state_deadlines for more details.

Since all financial aid – federal or state – is awarded on a first come, first served basis, it’s in your best interest to get all the FAFSA information you need to submit your application as soon as possible!

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Here’s a treat for a Monday: a chance to share good news about the challenging FAFSA. This month and next, volunteers are standing by to help you fill out a FAFSA, in person, so you can get federal financial aid for college.

Kim Clark, who is always on top of financial aid news at U.S. News & World Report, just alerted her readers about the free FAFSA assistance in her article, Applying for Financial Aid Will Be Easier in 2010. Apparently, some of the volunteers will be tax professionals who will help students with both the FAFSA and their tax returns.

Since the FAFSA is the application you have to fill out in order to get a Pell Grant (and maybe other federal grants for college), getting free help with both the FAFSA and the 1040 sounds like a well-spent afternoon.

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After a year of daunting news about student loan debt and broken state financial aid budgets, EducationGrant.com is happy to share this positive assessment of Santa Claus’s readiness for his big night, from his personal physician at University of North Carolina School of Medicine:

Although a bit conservative (they would like him to lose weight), the rest of Santa’s UNC medical team nevertheless appears optimistic about his continued employment. (Santa’s endocrinologist needs a little gender sensitivity training, however.)

For students in need of financial aid to attend college, North Carolina has a substantial collection of scholarship programs and sources. The Carolina Covenant program, for example, provides a debt-free education to qualified low-income students.

UNC Chapel Hill was the nation’s first state university (1795) and the only public university to award degrees in the 18th century. If you are or plan to be a UNC student, check the university’s Office of Scholarships and Student Aid for instructions on how to get started. The UNC Office of Adult Services and Evening Services has scholarship resources for single moms and other nontraditional students, and for North Carolina residents, the College Foundation of North Carolina has a long list of providers of both need-based and merit-based scholarships.

And check back here next week for information on the 2010 FAFSA. January 1, 2010 is the first day you can start filling out a FAFSA for a college program that starts after June 30th. The first step: applying for a FAFSA PIN (Personal Identification Number) and filling out a FAFSA practice worksheet to familiarize yourself with the official form.

Until then, EducationGrant wishes all its readers, and college students everywhere, safe and happy holidays!

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University of Michigan and Michigan State University college students joined forces in the state capital this week to fight steep cuts to state financial aid. In its continued struggle to recover from the devastating impact of the recession, the Michigan legislature decided it would have to eliminate the Michigan Promise Scholarship and additional need-based financial aid from the state budget.

Michigan Daily News: ‘U’ and MSU students protest cuts to Promise Scholarship and financial aid

Cutting these programs would deprive about 96,000 college students of nearly $200 million in state financial aid.

This is a real Catch-22 for Michigan. You can appreciate how impossible it must seem to state legislators, trying to figure out what the heck Michigan can live without in order to make up for a nearly $2 billion budget shortfall. And the Michigan Promise Scholarship is technically a merit scholarship, not based on financial need. But who in Michigan doesn’t have financial need at this point?

Whole industries have disappeared from the manufacturing states and the thousands of jobs they took with them are gone forever. The only way back to prosperity is through education and training, to prepare workers and researchers for the new industries evolving in energy, technology, communications, and medical science.

But like losing a job and and losing a home, the loss of a state grant or scholarship for college is just another falling domino for those who are trying to make ends meet and educate themselves back to employment again. If you have no money to pay for school, how do you get the training you need to qualify for new work?

With the backing of university and state officials, Michigan students have launched a time-honored grassroots fight to hang on to their state financial aid. Fortunately, “grassroots” is a lot more than handing out flyers at the mall these days: you can sign the petition on MSU’s Facebook page: “Keep Our Promises: Preserve the Michigan Promise Scholarship!” and circulate the word via Twitter.

One thing I’d ask the state legislature: Michigan got more than $1 billion in education funding from the U.S. Department of Education in early June, and is eligible to apply for another $525 million in the fall. True, the funding wasn’t originally intended for state financial aid, but brother, can you spare $196 million?

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