How much does FAFSA usually give to part-time students?

ust because you’re attending school part-time doesn’t mean you’re not eligible for federal student aid. Your application for federal student aid, or FAFSA, helps determine how much you must contribute to the cost of your tuition and the amount of support you can expect from the government. As long as you meet the criteria for attendance and degree programs, you may be eligible for federal financial aid for part-time students, which may include student loans as well as the Pell Grant.

How Much Does FAFSA Usually Give to Part-Time Students?
How Much Does FAFSA Usually Give to Part-Time Students?

FAFSA Part-time Student Requirements

To be eligible for federal student aid, you must be enrolled in at least six credits with an accredited post-secondary school and are working toward a degree or certificate. Anything less than six credits requires you to pay your tuition out of pocket or find a private student loan company willing to extend you the funds needed to attend school. If you don’t have a loan, you may be required to pay the full balance of your tuition before your classes begin. Failure to pay the balance may result in your name being removed from the class roster.

Part-time freshman

If you are a first-year college student considered a dependent, you can borrow up to $5,500, as of 2021, in federal student aid. You are considered a dependent if your parents claim you so for tax purposes. If you are a college student considered independent, the amount for this type of financial aid for part-time students will increase to $ 9, 500.

The FAFSA classifies you as a freshman, sophomore, and third-year by credit hours, not actual time at school. As a result, you may remain a first-year student for federal assistance purposes because of your part-time schedule and limited credit hours per semester.

Sophomores and third-year students

As a second-year dependent college student in 2021, you can receive up to $6,500 in federal student loans. This amount rises to $10,500 if you are an independent college student. The amount of college student loans at the federal level is limited to the third year. You can borrow up to $7,500 if you are a dependent student and $12,500 if you are an independent student.

The maximum total amount of federal student aid you can borrow at the undergraduate level is $31,000 if you are a dependent student and $57,500 if you are an independent student.

Federal Pell Grants

If you qualify for federal student aid, your information will automatically be checked to see if you qualify for the Federal Pell Grant. This form of full-time and half-time financial assistance is based on financial need. Unlike a student loan, you are not required to pay back the Pell Grant.
The cost of your tuition may affect the amount of Pell Grant you receive. Since part-time tuition is much lower than that of a full-time student, your Pell Grant may also be lower. As of 2021, the maximum Pell Grant award is $6,495 per academic year.

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