Q: If a student starts college in the fall semester, but takes off the spring semester (so only attending college for half of a FAFSA year), will they still get the full years amount of financial aid from FAFSA?
A: No, students will not receive a full years worth of financial aid from FAFSA if they only attend a single semester of school in a given academic year, or register for less than 12 credit hours in any given semester. The financial aid award package a student receives from FAFSA is calculated for the entire academic year; however, the federal financial aid the student has been awarded will be disbursed on either a semester basis or a quarterly basis, depending on which your specific college or university uses.
A student’s financial aid award package will detail what the student is eligible to receive for the entire academic year, with “eligible” being the keyword. For example, if a student is eligible for $5000 in federal financial aid, and attends a school that runs on a semester academic calendar, the $5000 would be dispersed to that student’s school in two equal payments of $2500, one payment in the fall semester and one payment in the spring semester. If the student does not register for the spring semester, they will not be eligible to receive the $2500 for the spring semester. It is important for students to remember that the money they receive from federal financial aid programs is intended for educational expenses only. This is why the money a student receives in federal financial aid will always be dispersed to the school first, and not directly to the student. If a student is not attending school for a given semester, they do not have any educational expenses for that semester, and therefore will not receive federal financial aid from the government.
Q: If I have decided to transfer to a new college, but…FAFSA Deadline For 2015 – 2016
Q: What is the FAFSA deadline for 2015 – 2016, and when…College Financial Aid For Summer Classes
Around the summer months a popular financial aid topic for many college…10 FAFSA Tips: Applying For Federal Financial Aid
Completing the FAFSA (Free Application for Federal Student Aid) is perhaps the…
Have a college financial aid question? CollegeWhale.com is full on answers! Type your question in the search box to get started.
Sign up for The CollegeWhale.com Weekly Scholarship Round-Up, and let us bring the scholarships to you! Get a list of new available college scholarships delivered to your inbox each week.sign up