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01 Nov 2012, 19:51
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Hi GmatClub,
I know there are a few threads from past years on the topic of financial aid. However, I have a very simple question for you all ---
as bschool applicants, do we complete the FAFSA now (before most decisions have come out) or do we wait until we know where we're accepted and matriculating to fill it out?
Thanks!!
---
Some Previous Financial Aid Threads:
I know there are a few threads from past years on the topic of financial aid. However, I have a very simple question for you all ---
as bschool applicants, do we complete the FAFSA now (before most decisions have come out) or do we wait until we know where we're accepted and matriculating to fill it out?
Thanks!!
---
Some Previous Financial Aid Threads:
- https://gmatclub.com/forum/fafsa-strategies-75251.html
mba-financial-aid-16115.html
maximizing-your-financial-aid-eligiblity-tips-techniques-86838.html
01 Nov 2012, 19:56
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Would love to hear the answer to this question from previous matriculants, too.
skm
Joined: 26 Jul 2012
Last visit: 01 Sep 2014
Posts: 70
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Given Kudos: 22
Schools: Yale '15 (M) Johnson '15 (A)
02 Nov 2012, 08:44
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Disclaimer: I do not work in financial aid.
This isn't specifically related to this year's application cycle, but I applied to a non-MBA graduate program previously, and their decision date was not until March. I still had to fill out the FAFSA because my state's application date was in February. I did end up taking out some loans so it was a good thing that I did file. I don't see what you have to lose as the FAFSA only provides an expected family contribution number and isn't a guarantee of financial aid - it just informs your school. My understanding is if you don't file, you can't apply for Stafford loans.
I just read through the other threads - I had no idea so much went into preparing to file the FAFSA! I don't think I've ever had enough income/assets to have to worry about moving things around.
This isn't specifically related to this year's application cycle, but I applied to a non-MBA graduate program previously, and their decision date was not until March. I still had to fill out the FAFSA because my state's application date was in February. I did end up taking out some loans so it was a good thing that I did file. I don't see what you have to lose as the FAFSA only provides an expected family contribution number and isn't a guarantee of financial aid - it just informs your school. My understanding is if you don't file, you can't apply for Stafford loans.
I just read through the other threads - I had no idea so much went into preparing to file the FAFSA! I don't think I've ever had enough income/assets to have to worry about moving things around.
