Ugh..Can I just complain about Federal Financial Aid.

posted 3 years ago in College
Post # 3
Member
9949 posts
Buzzing Beekeeper
  • Wedding: June 2013

As someone with an insurmountable amount of student loans, I would recommend continuing to struggle through without taking out loans.  It will be SO MUCH BETTER in the end.  

Post # 4
Member
1733 posts
Bumble bee
  • Wedding: May 2014

@Sapphire-Dreamer:  How old are you? Once you turn 24 they shouldn’t go off your parents income anymore. The appeal is a good idea, I know how frustrating financial aid can be!

Post # 5
Member
11300 posts
Sugar Beekeeper
  • Wedding: August 2013

Bah. We had to appeal FI’s financial aid decision because he has too many credits. Thankfully, his program is at a community college, to the cost is like $85/cr and his appeal was approved (for grants), so we will owe nothing out of pocket for him. We will have to appeal every semester, though. Bleh.

@peachacid:  Unfortunately, this is not always possible. When I transferred to the university here, my tuition went up to $5000+ a semester. $500 in books and a $300 parking pass not included. There was no way that I could go to school full time + homework and work to make enough to pay my bills AND the cost of school. I would have never gotten any sleep and would have ended up killing myself. I know that there are many more schools with higher tuition (state school + in-state tuition), but even with what I was paying, it was impossible to do.

Post # 6
Member
9949 posts
Buzzing Beekeeper
  • Wedding: June 2013

@vorpalette:  I know it’s not always possible…that’s why I have the loans I do.  But if she’s been making it work, she could continue to do so.  It doesn’t sound like anything has changed. I hate that education costs so much, but more than that I hate having to pay student loans each month!!

Post # 8
Member
1733 posts
Bumble bee
  • Wedding: May 2014

@Sapphire-Dreamer:  I completely understand the need for loans, that’s why they are there! To help people get through college. However, I hate that people abuse them the way they do, because then people who really do need them (like you), can’t get them! It’s a ridiculous cycle. I just hope the appeal goes through for you. When I first moved out with my FI, I got my first loan to help with rent. It was such a relief to not have to worry about how much money I am going to bring in this paycheck, because I already had my rent in my savings account from the loan.

Post # 10
Member
3476 posts
Sugar bee
  • Wedding: May 2012

@BakerBee16:  Sadly, that’s not always the case.  It may vary by country or type of school but I can tell you as a grad student aged 25-28, they continued to count my parents income even though they weren’t paying and I had been filing taxes independent for years.  One place I applied would look back at taxes for 5 years and count parent income for 20% each year you were a dependent on theirs (so if you were independent 2 years, they’d count your parent contribution at 40%).  I thought that was generous actually compared to the norm.

Post # 11
Member
41 posts
Newbee
  • Wedding: May 2012

I work as the Financial Aid Director at a school and am confused as to why they are with holding a loan for, I am assuming since you are working on a Masters Degree they are with holding an Unsubsidized Stafford loan for you, are they saying you haven’t made Satisfactory Academic Progress? If so an appeal should do the trick. I always advise my students to “tug on the heartstrings” as well as document, document, document so that the school can justify our decision to Feds when we are up for our annual audit. Best of luck!

Post # 12
Member
1733 posts
Bumble bee
  • Wedding: May 2014

@kay01:  Oh my, I guess I’m lucky that my college only goes by my parents until I am 24.

Post # 13
Member
41 posts
Newbee
  • Wedding: May 2012

I work as the Financial Aid Director at a school and am confused as to why they are with holding a loan for, I am assuming since you are working on a Masters Degree they are with holding an Unsubsidized Stafford loan for you, are they saying you haven’t made Satisfactory Academic Progress? If so an appeal should do the trick. I always advise my students to “tug on the heartstrings” as well as document, document, document so that the school can justify our decision to Feds when we are up for our annual audit. Best of luck!

Post # 14
Member
2661 posts
Sugar bee
  • Wedding: August 2015

@Sapphire-Dreamer:  you should be able to get the Federal Stafford…it’s unsubsidized now for grad students, which totally sucks, but everyone can get it if they want. That’s what I have…it seemed a safer option than a private loan.

Last year I made too much to qualify for any grants, but this year I’m only working part time so I’ll make less than half of what I used to make. I asked my financial aid adviser if there was a way to amend my account to show that I no longer work full time, and she said the only thing I could get would be the Stafford loan anyway. Then I found out a friend of mine is getting a grant. I was like wtf?!?!

student loans totally blow

Post # 15
Member
10384 posts
Sugar Beekeeper
  • Wedding: September 2010

Can you quit one of your lower paying jobs to put you below the threshold and qualify? I know this all sucks so much – I put myself through college/grad school, too!

Post # 16
Member
3476 posts
Sugar bee
  • Wedding: May 2012

@BakerBee16:  Colleges may be different (but it’s not as common for people to be fully independent then), but this bee is in grad school it sounds.

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