The amount of benefits are insane. With Fee Waivers, GI BILL, FAFSA, Scholarships and more. If a vet just goes to college, they can make 0-4 pay easily.
So I am currently active duty and recently applied for FAFSA for UMGC this academic year and qualified for $0 in financial grants, only a $950 unsubsidized loan which I of course denied. Never really understand FAFSA super well as to who qualifies for what. I have failed classes in the past, so I am not sure if that is taken into account. Appreciate the videos!
That is very surprising. If you're active duty enlisted(?), you're not likely making enough to be disqualified. While previous course failures can impact aid, I think you would know if that were the issue. If I were you I would reach out the the people at FAFSA and get more info. Mistakes happen.
@@jasonburds I am an unemployed veteran and I got nothing from FAFSA as well. I received a similar offer for a loan too. Figured it was due to my wife's income or my disability benefits.
So if I separate at the end of 2022 and plan to start college NLT than the fall of 2023, an October 2022 submission for the FAFSA would still show me as a paid E5. Do you think 2024’s FAFSA application (when I’m likely part time or even unemployed) differ quite a bit for the better? Or much at all?
The application process as been pretty standard over the years. Award amounts have slowly been increasing. In the event you get denied because of earnings when you applied, you can let them know you have been discharged from the military and thus your earnings are no longer what they were.
So if my school puts in grants and scholarships first than the GI Bill, would that mean that I could have some GI Bill benefits left over?? Or is it dependent on how long I am at school for. I’ve always been confused with this
You want to ask your school to use GI Bill first, that way your grants and scholarships will be refunded to you. If they do it the other way around, you'll get no refund, and the only people that will win is the school and the VA paying it a little less money to the school for tuition. You'll save no GI Bill that way because you're still enrolled in x number of credits.
Some of my scholarship amd grants are from the school and it seems like they dont refund them to students. My federal pell grant is getting refunded though
I applied for FAFSA for next year's term. I am currently active duty and this is for post separation. I will only be receiving a $1k pell grant. Do you think that tracks? In other words, it wouldn't be $6500 until my second year of school. Correct?
It might take some leg work, but you should be able to get them to understand that your employment ends on x date and therefore should qualify. Your current qualification makes sense with the information they have, but getting them that key piece should help and it's not part of the typical application. So you gotta get someone on the phone.
If you're getting both, you often have to tell the school registrar you want them to use GI Bill money first and refund the pell grant. Seems obvious that they would do that, but somehow it's not...
I just found out I cannot apply for any more FAFSA when I got an Associates. Said I used 150% I don’t know what that means when I completed 92 credit hours
Anytime you are taking college classes you can and should apply for FAFSA. Generally though, if it's for a second degree or grad degree you won't benefit the same.
The amount of benefits are insane. With Fee Waivers, GI BILL, FAFSA, Scholarships and more. If a vet just goes to college, they can make 0-4 pay easily.
Right?? It's insane. So many people leaving money on the table.
They changed how FASFA hands out grants this year. Everyone seems to be getting less now sadly.
They changed the amount they give out or how they give it out? That's a bummer either way.
You have to have taxable income to contribute to a ira so most college students cannot put the pell grant there
True. There's an assumption that you're making at least SOME money. Not sure how you make $0 of taxable income.
So I am currently active duty and recently applied for FAFSA for UMGC this academic year and qualified for $0 in financial grants, only a $950 unsubsidized loan which I of course denied. Never really understand FAFSA super well as to who qualifies for what. I have failed classes in the past, so I am not sure if that is taken into account.
Appreciate the videos!
That is very surprising. If you're active duty enlisted(?), you're not likely making enough to be disqualified. While previous course failures can impact aid, I think you would know if that were the issue. If I were you I would reach out the the people at FAFSA and get more info. Mistakes happen.
@@jasonburds I am an unemployed veteran and I got nothing from FAFSA as well. I received a similar offer for a loan too. Figured it was due to my wife's income or my disability benefits.
So if I separate at the end of 2022 and plan to start college NLT than the fall of 2023, an October 2022 submission for the FAFSA would still show me as a paid E5.
Do you think 2024’s FAFSA application (when I’m likely part time or even unemployed) differ quite a bit for the better? Or much at all?
The application process as been pretty standard over the years. Award amounts have slowly been increasing. In the event you get denied because of earnings when you applied, you can let them know you have been discharged from the military and thus your earnings are no longer what they were.
Does the pell grant count as earned income to be able to put in IRA tho? 🤔
Great point! You will have to have enough income to be able to justify the contribution. Part time work, reserves etc.
So if my school puts in grants and scholarships first than the GI Bill, would that mean that I could have some GI Bill benefits left over?? Or is it dependent on how long I am at school for. I’ve always been confused with this
You want to ask your school to use GI Bill first, that way your grants and scholarships will be refunded to you. If they do it the other way around, you'll get no refund, and the only people that will win is the school and the VA paying it a little less money to the school for tuition. You'll save no GI Bill that way because you're still enrolled in x number of credits.
Some of my scholarship amd grants are from the school and it seems like they dont refund them to students. My federal pell grant is getting refunded though
Did they increase the pell grant? Cus I got 7400 in year.
They do every year. Crazy it's that high now
I applied for FAFSA for next year's term. I am currently active duty and this is for post separation. I will only be receiving a $1k pell grant. Do you think that tracks? In other words, it wouldn't be $6500 until my second year of school. Correct?
It might take some leg work, but you should be able to get them to understand that your employment ends on x date and therefore should qualify. Your current qualification makes sense with the information they have, but getting them that key piece should help and it's not part of the typical application. So you gotta get someone on the phone.
what about the school take your fafsa money first and then the gibill money? are you gonna get a refund?
If you're getting both, you often have to tell the school registrar you want them to use GI Bill money first and refund the pell grant. Seems obvious that they would do that, but somehow it's not...
I just found out I cannot apply for any more FAFSA when I got an Associates. Said I used 150% I don’t know what that means when I completed 92 credit hours
Who told you that? I received the pell grant for my bachelor's even after I had received an associates.
Can a active duty soldier getting their Graduate degree apply for a Pell Grant?
I understand pell grant to only be for undergrad programs.
Will this work for VRAAP?
Anytime you are taking college classes you can and should apply for FAFSA. Generally though, if it's for a second degree or grad degree you won't benefit the same.