If you did a FAFSA for the 07-08 college year (7/1/07-6/30/08) then that
was your aid application for both semesters. If you got Stafford or
Perkins loans for the first semester, then your school credited 1/2 of
each for the first semester and will credit the other half automatically
for the second semester.
If you also took out private loans and applied for enough to cover the
whole year, then it's the same thing - half went to the school for first
semester and the second half will be sent automatically for the second
semester. But if you only borrowed enough to pay for the first semester,
then you need to contact your lender to arrange additional funds.
Your next FAFSA will be for your sophomore year, and will be done after
January 1, 2008 using your 2007 information. Find out what your schools
priority aid application deadline is, and if it's before you have done
taxes then file with estimates to be on time to get the most money. You
can update it later when taxes are finally done.
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
Nanc said the following on 10/13/2007 8:21 PM:
> Hi,
>
> I am in my first semester of college and doing it by student loans and
it's
> almost time for signing up for the next semester and I am wondering how
to
> go about getting the next semester loan. Do I call the institution that
gave
> me my first loan and ask them for the next loan? Is it possible to keep
all
> my loans with one place? Do I have to wait till I do the taxes for the
2007
> year? If so how do I get them to let me take my classes for the next
> semester while I wait on my fafsa results to come in?
>
> What I find so frustrating is that no-one will give me answers to these
> questions at the college.
>
> Help please.
> TIA
>
>
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