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RozyRoy

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Need Information About Amending my FAFSA?

I am in the first year of my graduation from the California Institute of Technology. I have opted for Stafford Student Loans to pay for my tuition fees. Some of my friends have amended their FAFSA and telling me to do the same. I need information on this issue and want to know would it be useful to do so? I have also taken a Student Loan Without Cosigner loan program and is it possible to amend this loan program?

132 day ago

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sylvester
Amending the FAFSA is very important and useful for you from the financial perspective. The biggest advantage with doing so is that you would be able to increase the amount of financial aid that you can get for your educational expenses. In order to amend the FAFSA, it is imperative that you have filed in the income tax of the previous years. In this case of yours it would be only your past year; i.e.; 2009.

In order to amend your existing federal loan, you would first have to give this specific information to the Department of Financial Aid of your college or university; whatever it is. Once you have done this, you would be getting a higher package of financial aid than what you used to do earlier. If you are getting the same amount of financial aid, then you need to appeal to the higher authorities of your college to make things right.

As far as your Student Loan Without Cosigner is concerned, I should tell you that it is not possible to amend it because it does not come under the federal loan program. I would suggest you to amend your FAFSA because it is going to help you in the long run by providing the necessary financial help to you.


Posted 131 days ago

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