Fafsa renewal?
I am going to reapply for FAFSA for the 2008-2009 school year. But this past school year i didnt do so hot. I got some bad grades and dropped classes. Does that mean I owe them money now? Also when I first applied I didnt have a job and now I do. I work part time(15-20 hours a week) is that going to affect me? Thank you.
The FAFSA does not care about your grades. Your loans could go into repayment if dropping classes put you below half or full time (depending on what loans you have), but your loans can go back into deferment if you take enough hours next semester. The FAFSA will ask how much money you made last year (as reported on your W-2), and that is the only way working affects your aid eligibility. So basically, you’re fine as long as you take enough hours now.
If your school hasn’t put you on academic probation or anything because of your grades, then that wont affect whether or not you get your grant money. Also I’m sure working a part time job doesnt put you over the income limit for eligibility so dont worry about it you should be fine.