Student Loans : News, Updates and Blog Posts

Student Loan Blog: News, Updates and Advice

 

01.27.10 | Requesting Additional Financial Aid

Posted in Stafford Loan by Kristin Morris

Dollar Bills Is your school financial aid package the be-all and end-all of financial assistance for college? No. If your financial aid package does not meet your needs there is always an opportunity to appeal and request additional funds.

Financially, a lot can change between the time you file your FAFSA and the time your tuition bill comes due. If a parent gets laid off or sees a significant decrease in wages or salary, it is appropriate to ask for more money.

When requesting additional Stafford loan funds, work study money or other aid, it is important to work closely with your school’s  financial aid office. They are the ones who evaluate your financial information and put together financial aid packages. You should make sure that your situation is well documented. The more paperwork you can show the school, the easier it will be for them to give you more money.


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