Comments on: Is there a way to factor in student loan debt on a FAFSA? http://www.student--creditcards.com/2010/01/is-there-a-way-to-factor-in-student-loan-debt-on-a-fafsa/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Windi S http://www.student--creditcards.com/2010/01/is-there-a-way-to-factor-in-student-loan-debt-on-a-fafsa/comment-page-1/#comment-419 Windi S Wed, 27 Jan 2010 18:01:35 +0000 http://www.student--creditcards.com/2010/01/is-there-a-way-to-factor-in-student-loan-debt-on-a-fafsa/#comment-419 Usually you can't, but if you are an undergraduate, you can apply for an appeal through the Financial aid office. You can tell them that part of your expenses are the payments that you are making towards that $17,000. While you are generally able to defer payment on educational loans, people are generally encouraged to pay the amount of the interests of unsubsidized loans while in college to make costs easier. Otherwise with an appeal, you have to either show that you and/or your family have suffered a severe hardship (like that you have unusually high medical bills, or a parent lost their job, or that there were high and significant home repairs), or that your costs to attend school are inordinately higher than the average student (like that you have higher transportation costs or something - but it isn't always an easy thing to show). You might also ask them what other sources of aid you can receive and what other options you have. Sometimes they know of good scholarships that are available and things like that. Usually you can’t, but if you are an undergraduate, you can apply for an appeal through the Financial aid office. You can tell them that part of your expenses are the payments that you are making towards that $17,000. While you are generally able to defer payment on educational loans, people are generally encouraged to pay the amount of the interests of unsubsidized loans while in college to make costs easier.

Otherwise with an appeal, you have to either show that you and/or your family have suffered a severe hardship (like that you have unusually high medical bills, or a parent lost their job, or that there were high and significant home repairs), or that your costs to attend school are inordinately higher than the average student (like that you have higher transportation costs or something – but it isn’t always an easy thing to show).

You might also ask them what other sources of aid you can receive and what other options you have. Sometimes they know of good scholarships that are available and things like that.

]]> By: Tiare http://www.student--creditcards.com/2010/01/is-there-a-way-to-factor-in-student-loan-debt-on-a-fafsa/comment-page-1/#comment-418 Tiare Sun, 24 Jan 2010 16:16:16 +0000 http://www.student--creditcards.com/2010/01/is-there-a-way-to-factor-in-student-loan-debt-on-a-fafsa/#comment-418 I dont think it has any effect at all if you are still a student because the loan would be in deferral anyway. if this is not true and you are making payments on the loan, you may need to check with your fin aid office at school I dont think it has any effect at all if you are still a student because the loan would be in deferral anyway. if this is not true and you are making payments on the loan, you may need to check with your fin aid office at school

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