Will I recieve the stafford loan?
Every time you want to apply for federal financial aid, you must submit a FAFSA. Each FAFSA is used to apply for aid in a single academic year. You complete it once a year. Once you have completed the full FAFSA, you can elect to update it in subsequent years – you don’t need to start over from scratch. A FAFSA is a snapshot of your financial need as of “today” – you’ll be granted aid for this year based on your current need. Next year, you’ll need to tell the Department of Education about your “new” financial circumstances, and they will re-evaluate your need for assistance. If your circumstances don’t change a lot from year to year, then you should be qualified for a similar amount of aid. You are free to receive aid at any qualified school or university that you happen to be attending. If you are eligible for assistance, you simply need to tell the government where to send the money. You can lose eligibility for future aid – as you mentioned, one way is to fall into default on a pre
