Can I transfer my fafsa to another school?

Transferring your FAFSA® to a new school is simple. Although you need to fill out a new FAFSA® for each school year, you do not need to fill out a separate FAFSA® for each school. Instead, you choose which schools will receive your FAFSA® by adding them to the list on the “School Selection” page.

Does financial aid reset when transferring?

Most financial aid will not automatically transfer from one school to another. You should check with your new school and the aid provider to determine whether any financial aid for which you were previously eligible will transfer. Was this page helpful?

How does financial aid work per semester?

Pell Grants are disbursed per semester if your school uses the semester system. For example, if you receive $2,000 total in Pell Grants for the year, you will get $1,000 per semester. The amount you receive is adjustable based on your specific needs, so you may receive less than this amount.

Can I decline financial aid after accepting?

To decrease an award, first check the “Accept” checkbox; then you can decrease the award under the “Accepted” column. Also, if you decrease or decline any awards, you cannot increase them after clicking “Yes.” To decline an award, check the “Decline” checkbox next to the award name.

Do I get more financial aid if I am independent?

Will I Get More Financial Aid as an Independent Student? Yes, independent students get more financial aid. Students who qualify as independent don’t need to file their parents’ financial data—only their own—which can work in their favor. They will have greater financial need and better financial aid eligibility.

Do you get FAFSA every semester?

The good news is that you only have to apply for FAFSA once each year. The award you receive is good for an entire academic year, which consists of the fall semester, the spring semester, and the summer semester (in that order). You need to reapply every school year.