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FASFA and State Universities
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TyReseGreen
Lil Prince is here
Member since 8/11 6338 total posts
Name:
Theresa
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FASFA and State Universities
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
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Posted 5/12/15 7:29 PM  |
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SLPRunner
LIF Adult
Member since 12/13 1101 total posts
Name:
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FASFA and State Universities
Not true. You could still get federal aid or any merit type aid the school may have. You should always fill out the FAFSA even if you think you won't get anything. You can't qualify for any federal loans or Pell grants without it. The only thing you can't get out of state is TAP.
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| Posted 5/12/15 7:43 PM |
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evnme
My little lamb
Member since 8/05 12633 total posts
Name:
aka momma2b
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Re: FASFA and State Universities
I went to an in-state school and had fafsa.
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| Posted 5/12/15 8:04 PM |
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TyReseGreen
Lil Prince is here
Member since 8/11 6338 total posts
Name:
Theresa
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Re: FASFA and State Universities
Posted by SLPRunner
Not true. You could still get federal aid or any merit type aid the school may have. You should always fill out the FAFSA even if you think you won't get anything. You can't qualify for any federal loans or Pell grants without it. The only thing you can't get out of state is TAP.
Ok thanks.
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| Posted 5/12/15 8:08 PM |
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mrsdukes
LIF Adult
Member since 1/09 943 total posts
Name:
Liz
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Re: FASFA and State Universities
FAFSA is the basic federal financial aid form for many types of financial aid and loans. Doesn't matter whether you go instate or out. TAP is a NY program where you have to go to a college in NY to receive money from.
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| Posted 5/12/15 8:46 PM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: FASFA and State Universities
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
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| Posted 5/12/15 9:24 PM |
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TyReseGreen
Lil Prince is here
Member since 8/11 6338 total posts
Name:
Theresa
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Ok. My dd besties mother was explaining she did not get anything and is OOP for the full amount and her daughter is attending Stony Brook in the fall. My DD received scholarships, grants and a couple other programs I'm still on the hook for 20k EFC.
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| Posted 5/13/15 5:50 AM |
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a granparent wants to give money, can it be put in the other siblings account or will they look at that too?
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| Posted 5/13/15 8:35 AM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: FASFA and State Universities
Posted by afternoondelight828
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a grandparent wants to give money, can it be put in the other siblings account or will they look at that too?
No, assets from other children don't count... Only the college student and the parent.
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| Posted 5/13/15 8:38 AM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: FASFA and State Universities
Posted by TyReseGreen
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Ok. My dd besties mother was explaining she did not get anything and is OOP for the full amount and her daughter is attending Stony Brook in the fall. My DD received scholarships, grants and a couple other programs I'm still on the hook for 20k EFC.
Public schools are more cash-strapped than private schools. The bulk of their funding comes from their states... and NY is broke. When you attend an OOS public school, they're still working with limited funds and will charge you out-of-state tuition. That's great that your daughter earned scholarships and grants! Free money is always a good thing.
FWIW, my daughters might as well buy their SUNY Binghamton t-shirts now. Unless they get big fat scholarships somewhere, they better plan to have a good time at my alma mater lol.
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| Posted 5/13/15 8:46 AM |
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limamaof2
LIF Toddler
Member since 1/12 493 total posts
Name:
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Re: FASFA and State Universities
FWIW, my daughters might as well buy their SUNY Binghamton t-shirts now. Unless they get big fat scholarships somewhere, they better plan to have a good time at my alma mater lol.
Same here in terms of going to a SUNY! I went there for my MS.
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| Posted 5/13/15 8:50 AM |
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busymomonli
Resident Insomniac
Member since 4/13 2053 total posts
Name:
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
I have a question for you, if you don't mind. How do academic scholarships work. When you apply to a college, so they respond with an offer of a scholarship package if they feel inclined to do so? If my daughter has money in the bank from a lawsuit settlement, that will be looked at when she files for financial aid?
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| Posted 5/13/15 9:22 AM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: FASFA and State Universities
Posted by busymomonli
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
I have a question for you, if you don't mind. How do academic scholarships work. When you apply to a college, so they respond with an offer of a scholarship package if they feel inclined to do so? If my daughter has money in the bank from a lawsuit settlement, that will be looked at when she files for financial aid?
Scholarships aren't given if the school is inclined to do so; they are granted if your child is eligible. Applications for these scholarships vary.
My understanding is that money - regardless of the source - in a student's name will be considered in the financial aid application. In your situation, if the money was awarded, but you're using it to address the aftermath (exa: your child was in a car accident, won a lawsuit against the driver, and now you're using the money to pay for PT and counseling for your child) you could write a letter to the financial aid office and explain it. They might take it out of the equation, but that's going to be decided on a case-by-case basis.
Message edited 5/13/2015 9:34:48 AM.
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| Posted 5/13/15 9:31 AM |
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pugmama
April already?
Member since 3/06 5297 total posts
Name:
Erica
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Re: FASFA and State Universities
I am a financial aid counsel or - at stony brook. If your daughter has money in the bank, it needs to be reported on the FAFSA. If you can move the money under you as a parent it will not count against her as much as if it was reported under the student. Or move it into an annuity.
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| Posted 5/13/15 9:35 AM |
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2girlsforme
LIF Adult
Member since 8/06 3071 total posts
Name:
XXXXXXXXX
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by afternoondelight828
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a grandparent wants to give money, can it be put in the other siblings account or will they look at that too?
No, assets from other children don't count... Only the college student and the parent.
My understanding of this is a little different. I too have a daughter starting college in the fall. She's attending a private school. But, I was told by both the consultant that I hired and my accountant, that what's in another child's 529, does count against the child applying for admittance. In my case, it made no difference, because my EFC was over $50K..... Luckily, my daughter recieved both an academic scholarship and athletic grant.
What I've learned throughout this process is not to discount private schools as they frequently have money. I'm somewhat surprised to hear about the OP's awards at a out of state, state school, because I was told that State schools almost always have very little money to give (i.e. such as what you stated regarding the situation in New York).
The sweet spot today seems to be private schools for good, lower middle class students as they will qualify under the FASFA and also get academic scholarships.
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| Posted 5/13/15 9:36 AM |
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busymomonli
Resident Insomniac
Member since 4/13 2053 total posts
Name:
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Re: FASFA and State Universities
Thank you both!
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| Posted 5/13/15 11:01 AM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: FASFA and State Universities
Posted by 2girlsforme
Posted by TheDivineMrsM
Posted by afternoondelight828
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a grandparent wants to give money, can it be put in the other siblings account or will they look at that too?
No, assets from other children don't count... Only the college student and the parent.
My understanding of this is a little different. I too have a daughter starting college in the fall. She's attending a private school. But, I was told by both the consultant that I hired and my accountant, that what's in another child's 529, does count against the child applying for admittance. In my case, it made no difference, because my EFC was over $50K..... Luckily, my daughter recieved both an academic scholarship and athletic grant.
What I've learned throughout this process is not to discount private schools as they frequently have money. I'm somewhat surprised to hear about the OP's awards at a out of state, state school, because I was told that State schools almost always have very little money to give (i.e. such as what you stated regarding the situation in New York).
The sweet spot today seems to be private schools for good, lower middle class students as they will qualify under the FASFA and also get academic scholarships.
529s are transferable to different children, so it's possible that it's looked at a bit differently. But I'd double check your accountant's info with the individual college's financial aid office to confirm.
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| Posted 5/13/15 1:21 PM |
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by afternoondelight828
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a grandparent wants to give money, can it be put in the other siblings account or will they look at that too?
No, assets from other children don't count... Only the college student and the parent.
Thanks so much 
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| Posted 5/13/15 3:49 PM |
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2girlsforme
LIF Adult
Member since 8/06 3071 total posts
Name:
XXXXXXXXX
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Re: FASFA and State Universities
Posted by TheDivineMrsM
Posted by 2girlsforme
Posted by TheDivineMrsM
Posted by afternoondelight828
Posted by TheDivineMrsM
Posted by TyReseGreen
My oldest DD will be starting college in the fall(really late summer). She will be attending an out of state college. I have a question is it true you get $0 from FASFA if you attend a state school?
She did not want to attend/ or was interested in any of the SUNY schools so I don't know if she would have gotten anything since she applied to none.
Just curious. TIA
That's not true. I'm a HS guidance counselor and college adviser, so I'm somewhat knowledgeable in this area ;)
Financial aid is an umbrella term that includes grants, loans, scholarships, and work study programs. Financial aid eligibility is determined by a few different factors: household size, household income, # in college, assets of parents and children, total cost of attendance, etc.
All of these things are evaluated to determine the EFC (estimated family contribution). The COA (cost of attendance ) minus the EFC should, technically, be the financial aid package, but that isn't written in stone. Schools try to come with a financial aid package that fills in the difference, but not all of them are willing or able.
Many students that attend state schools appear to get less aid than those that opt for private schools. But the sticker price for private/OOS public school is typically higher. A person with a $75K annual income will get less aid from a school that costs 10K than from the school that costs 60K. Most middle class LI families make healthy incomes, and get limited amounts of aid from SUNY schools. But loans are usually available, kids can apply for private scholarships, and strong students may get school-based scholarships.
Question. Is the assets from other children counted? If a grandparent wants to give money, can it be put in the other siblings account or will they look at that too?
No, assets from other children don't count... Only the college student and the parent.
My understanding of this is a little different. I too have a daughter starting college in the fall. She's attending a private school. But, I was told by both the consultant that I hired and my accountant, that what's in another child's 529, does count against the child applying for admittance. In my case, it made no difference, because my EFC was over $50K..... Luckily, my daughter recieved both an academic scholarship and athletic grant.
What I've learned throughout this process is not to discount private schools as they frequently have money. I'm somewhat surprised to hear about the OP's awards at a out of state, state school, because I was told that State schools almost always have very little money to give (i.e. such as what you stated regarding the situation in New York).
The sweet spot today seems to be private schools for good, lower middle class students as they will qualify under the FASFA and also get academic scholarships.
529s are transferable to different children, so it's possible that it's looked at a bit differently. But I'd double check your accountant's info with the individual college's financial aid office to confirm.
I did. The answer I revieved was that they had "wised up" to that trick.
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| Posted 5/13/15 4:11 PM |
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