• Skip to main content
  • Skip to primary sidebar

Bank of North Dakota

  • College Handbook
  • Blog
  • Video
  • Get Educated
  • Contact
  • bnd.nd.gov
  • Search

FAFSA

The Answer Sheet: FAFSA

By Cindy Sanford

After completing the FAFSA, will the federal government send me a check?

The federal government does not send the check directly to the student. It is sent to the school the student will attend.

Can FAFSA money be used to buy books?

The FAFSA is designed to help colleges understand your family’s financial picture and determine your eligibility for federal, state and school-sponsored financial aid. Federal student aid may cover expenses like tuition and fees, room and board, books and supplies, transportation and dependent care.

Can FAFSA be denied and if so, what are some of the reasons why?

Aside from certain loans, one of the reasons to be denied financial aid is that you have not demonstrated a financial need. Once you fill out your FAFSA, the information you provide is used to calculate your EFC, or Expected Family Contribution. If your EFC is below a certain amount, then you qualify for aid. Everyone will qualify for at least the unsubsidized Stafford student loan. There are a few special circumstances that could make a student temporarily ineligible to receive federal financial aid.

Selective Service
If a student is required to register with selective service and has not done so, he might be denied financial aid. According to the Selective Service website, males age 18 to 25 are required to register within 30 days of their 18th birthdays, or 30 days after. Students can register online for the Selective Service when they file for financial aid.

Drug Convictions
Students might be denied financial aid if they have been convicted under federal or state law of the sale or possession of drugs. Eligibility can be regained if the student passes two surprise drug tests by a drug rehabilitation program that meets standards established by the U.S. Department of Education.

Satisfactory Academic Progress
Students are required to maintain a certain GPA in order to continue to receive financial aid. Normally, if a student falls below a 2.0 GPA, the school might put the student on Academic Probation, in which they will still receive aid, but must raise their GPA in order to continue receiving federal grants and loans. If they do not raise their GPA, the student will be denied aid for the following year.

Can I complete the FAFSA for one class?

To qualify for financial aid, you need to be enrolled at least half-time. That means 6 credits per term.

Who fills out the FAFSA, parents or students?

To complete the form, both dependent students and a parent will need: Social security numbers, federal tax returns, W-2’s and other income records, banks statements and investment records. Dependent students and their parents should fill out the FAFSA together.

Where does the FAFSA money come from?

FAFSA is the application for student aid. Depending on what you qualify for, funds will come from the federal government, the school or the state.

Is the FAFSA an interest-free loan?

The FAFSA is the application the school uses to determine what financial aid you qualify for. Federal student loans are considered financial aid and if you accept the federal student loans that are offered to you (from completing the FAFSA) you are responsible for paying the loan plus interest back. Federal loans are not interest free.

Can I add schools to my FAFSA?

Yes, wait until your FAFSA is processed and you receive an email saying your SAR is available. Log in to the FAFSA website and there will be an option to do corrections – you want the Add/Delete School Codes. Make the corrections and submit.

How does FAFSA work for studying abroad?

The amount of financial aid you get for your term abroad depends on, the amount of financial aid you qualify for at your home campus and the cost of the study abroad program.

Cindy Sanford

Cindy Sanford has years of experience working in education as an advisor and mentor as well as hands on experience working with employers both in the private sector and government. Cindy enjoys reading, hiking, trying new foods, travel and spending time with her family especially her grandbaby.

You will also like:

ND-State-Grant-post
FAFSA-When-How-Long-To-Complete-post
Financial-Aid-Independent-post

Primary Sidebar

Get Educated

Sign up to get email updates

Most Popular

  • Why Choosing a College Major is Important
  • What Every College Student Should Think About Before Getting A Credit Card.
  • The SAT®: What It is and Why It’s Important?
  • 9 Tips for a Winning Scholarship Application
  • 7 Technology Tips All College Students Should Know

Categories

  • College Prep
  • College Savings
  • FAFSA
  • Managing Finances
  • Nontraditional
  • Scholarships & Grants
  • Student Loans

Bank of North Dakota

Copyright © 2023 · Bank of North Dakota

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT