Need-Based Grants?

[deleted1010952]

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Is inputting your parent's information in FAFSA worthwhile? I think inputting your parents' information can qualify you for need-based grants from schools, but are need-based grants even a thing for dental school?

 

[princeafrica]

UCSF has need-based grants
So does Colorado for instate and for out of state after year 1

 

[artist2022]

Yes they're a thing, but UCSF, Colorado, and UCLA too are public schools so it may just apply to public schools mostly/only?

 

[princeafrica]

I was lucky enough to interview at a few public schools, including UCSF. Do you know if submitting my FAFSA (along with the school's additional financial documents) now is beneficial? I'm thinking of waiting until I hear back from schools on Dec 2. Getting my parents' financial information is a bit difficult (live far way, limited English, need to see their accountant, etc.), so I don't want to go through the hassle of trying to get it now if I don't get into schools that offer need-based grants and I won't have to include my parent's financial information anyways. If submitting my paperwork now is the best then I'll have to find a way to just do so.

UCSF usually wants you to complete all that financial aid stuff and extra parent stuff as early as possible. If you submitted all that information early and you are accepted, UCSF will try and get your financial aid package complete by sometime in december so that you have a complete understanding of how much aid you will receive if you choose to attend UCSF.

 

[ch235]

Is inputting your parent's information in FAFSA worthwhile? I think inputting your parents' information can qualify you for need-based grants from schools, but are need-based grants even a thing for dental school?

Inputting your parents info will qualify you to be considered for the health professionals loan which is one of the lowest interest rates and can be deferred up to 12 months after graduation (no interest accruing) You are only eligible for it for the 4 years IF you input your parents tax info the first time you fill it out for D-school.

 

[ncide]

Inputting your parents info will qualify you to be considered for the health professionals loan which is one of the lowest interest rates and can be deferred up to 12 months after graduation (no interest accruing) You are only eligible for it for the 4 years IF you input your parents tax info the first time you fill it out for D-school.

This needs to be emphasized and more well-known. This loan program offers subsidized loans that DO NOT accrue interest during your educational career. On top of that fact, the interest rate is substantially less than Grad Plus loans. The only down side is that a school has a limited number of available loans to disperse out, and there has been a growing trend of the amount given to each applicant to be less and less each year.

If you come from a financially disadvantaged background, this loan is a must. It saves you a significant portion in interest. You must have your parents' finances be filed within the yearly FAFSA to be eligible, and you must apply each year for the loan.

 

[GoDental101]

Of course it is worth it! It takes ten minutes and could save you thousands of dollars.

 

[BasicG]

Does anyone know what the annual limit is for the health professionals loan? I'm seeing inconsistent numbers in my search.

Also, anyone mind sharing what the range of institutional grants are at their schools? I think I heard UCSF say ~$7k/year during my interview but I could be totally off.

I'm pretty sure the HPL varies by school. UMKC gives me 41k/year

 

[sobertiger]

our school gives about $22k per year