Updating financial aid
In some situations, all or part of a loan can be cancelled or forgiven if the borrower meets certain conditions.The NYS Get on Your Feet Loan Forgiveness Program provides up to 24 months of federal student loan debt relief to recent NYS college graduates (as of December 2014 and after) who are participating in a federal income-driven repayment plan whose payments are generally capped at 10 percent of their discretionary income A second source of financial aid is the states.Enter your state of legal residence and the school year for which you are applying for student aid. You do not need to fill out a FAFSA to be eligible for California student financial aid.Contact the California Student Aid Commission (ca.gov) or your financial aid administrator for more information. Applicants encouraged to keep a record of their submission by printing out their online FAFSA confirmation page or obtaining proof of mailing the FAFSA.States establish the eligibility criteria for their aid programs. Many institutions offer financial aid using their own resources.
Applicants who do not utilize the IRS Data Retrieval will be automatically selected for Verification.
The types of financial aid available vary from state to state and can include scholarships, grants, and loans. October 28, 2009 FR notice (revised 34 CFR 668.43) Each institution must make available to prospective and enrolled students information regarding how and where to contact individuals designated to assist enrolled or prospective students in obtaining the institutional or financial aid information required to be disclosed under HEA Sec. This information is posted on Purchase College’s website via the links set forth below.
Some states also offer loan forgiveness programs students may be eligible for after they graduate. Paper copies are available upon request from the individuals and offices listed in the relevant sections below.
If the answer to the above is yes, what would be the process of doing so?
I first update FAFSA (since you can update it til some time in summer right?
As of now I have 0 financial aid because together my parents are in that sweet spot of making just enough so that EFC = COA so we are expected to contribute the entire cost of attendance (~$30,000).