How necessary is it to apply to fafsa?

[eyesfeeltired]

I will be matriculating into medical school this fall and was wondering if there are any benefits of applying to fafsa. To my understanding fafsa is need base but I hear there is no financial aid in medical school. Hope someone can clarify this!

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[deleted731525]

I mean if you need loans you are going to want federal loans.

 

[AlteredScale]

I will be matriculating into medical school this fall and was wondering if there are any benefits of applying to fafsa. To my understanding fafsa is need base but I hear there is no financial aid in medical school. Hope someone can clarify this!

If you don't apply for FAFSA you will be responsible to pay for all student fees/tution as well as housing costs. You need to apply for FAFSA to receive any financial aid through the government.


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[ortnakas]

Even though it's not need-based, you still need FAFSA for federal loans. So unless you have alternative financing, you need the FAFSA

 

[allantois]

Just. Do. It.

 

[GreenScrubss]

Weird. You posted the exact same question in r/medical school with the same username lol.

Apply unless you have the $

 

[New_Slang]

100% necessary unless you're independently wealthy. Why does no one pay attention during the financial aid presentations on interview day?

 

[eyesfeeltired]

100% necessary unless you're independently wealthy. Why does no one pay attention during the financial aid presentations on interview day?

Because we,re **** scared about the interview lol

 

[eyesfeeltired]

Weird. You posted the exact same question in r/medical school with the same username lol.

Apply unless you have the $

I'm in a very compromising situation. Sort of freaking out and needed answers asap. Will call financial aid office toomorrow

 

[catie_jane]

I'm in a very compromising situation. Sort of freaking out and needed answers asap. Will call financial aid office toomorrow

I'm pretty sure everyone already answered your question. You should start filling out FASFA like yesterday

 

[GreenScrubss]

I'm in a very compromising situation. Sort of freaking out and needed answers asap. Will call financial aid office toomorrow

I just thought it was a funny coincidence. Always nice to meet a fellow redditor.

 

[eyesfeeltired]

I'm pretty sure everyone already answered your question. You should start filling out FASFA like yesterday

i havent filed taxes yet ;;;;(

 

[Tak16]

i havent filed taxes yet ;;;;(

I don't think you have to have them filed before filling out and submitting the fafsa. However, you will have to go back and make changes to correct all of the numbers after you officially do your taxes.

 

[DrMikeP]

I will be matriculating into medical school this fall and was wondering if there are any benefits of applying to fafsa. To my understanding fafsa is need base but I hear there is no financial aid in medical school. Hope someone can clarify this!

I've interestingly been asked this a number of times in my academic consulting business.

You NEED it for loans, but since you aren't getting federal grant money the timing isn't as critical because loans are not based on need. The exception is if your med school uses fafsa for determining (typically need based) school scholarships they offer and have a deadline. Your med school would likely have let you know about such already or have info in their matriculation packets.

You fill it out after completing your taxes or potentially based on parent's taxes if they are claiming you and you didn't work. If something changed in your income you can note that but for loans it doesn't really matter. If you need to amend your taxes not a big deal, you can also amend fafsa, but it is easier to complete it when taxes are completely done, which is April 15th unless you get a tax extension. If you owe on this year's taxes not a big deal, as you file and set up a payment plan.

You don't have to fill it out right away but should have it done in April or May at the latest for loans, just to avoid any last minute problems.

Some challenges can make you ineligible for loans: certain criminal records, legal citizen status issues, tax fraud, Medicare/Medicaid fraud, etc but then you'd likely already know about that and end up not in med school to begin with.

 

[ortnakas]

i havent filed taxes yet ;;;;(

You can file FAFSA after you file your taxes and it'll be fine. Med school loans aren't first-come first-serve; if you fill out the right paperwork, and your school confirms you're a student, you'll get the full cost-of-attendance loan (or however much of that you want) 2 weeks after the first day of school.

Source: I was a slacker and didn't fill out my financial aid paperwork until June before my current year in medical school, and everything worked out just fine.

 

[The Best Psychiatrist]

 

[TUVIX]

I've interestingly been asked this a number of times in my academic consulting business.

You NEED it for loans, but since you aren't getting federal grant money the timing isn't as critical because loans are not based on need. The exception is if your med school uses fafsa for determining (typically need based) school scholarships they offer and have a deadline. Your med school would likely have let you know about such already or have info in their matriculation packets.

You fill it out after completing your taxes or potentially based on parent's taxes if they are claiming you and you didn't work. If something changed in your income you can note that but for loans it doesn't really matter. If you need to amend your taxes not a big deal, you can also amend fafsa, but it is easier to complete it when taxes are completely done, which is April 15th unless you get a tax extension. If you owe on this year's taxes not a big deal, as you file and set up a payment plan.

You don't have to fill it out right away but should have it done in April or May at the latest for loans, just to avoid any last minute problems.

Some challenges can make you ineligible for loans: certain criminal records, legal citizen status issues, tax fraud, Medicare/Medicaid fraud, etc but then you'd likely already know about that and end up not in med school to begin with.

THIS.