Financial aid coverage?
I am temporarily going to a community college to save up some fortune..but what I am confuse about is that how long will financial aid help me throughout my college years? I will transfer to a state in two years and I am wondering if it will help me get my B.A degree?
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Generally speaking, financial aid would help you to a Bachelor's degree.
That said, you have a 'lifetime' limit of funding available. The longer you are in school, the less likely financial aid will stretch to cover your degree.
You are going to a CC for a few years. What happens if all the credits you take do not transfer? This means more time in school to get the credits to get the Bachelor's Degree. More time in school could mean you run out of FA (grants and Stafford funding).
You really want to stay on top of this because I'd hate to see you get down to the wire and not have the funds (FA or cash) to finish that Bachelor's.
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You will be able to file as in Independent since you have a child. Completing a FAFSA (Free Application for Federal Student Aid) generates an EFC (Expected Family Contribution). Schools use the EFC in conjunction with the COA (Cost of Attendance) to determine a student's financial aid package. If you decide to go back to school within the 0708 school year, you will have to provide 2006 tax information. So, if you worked in 2006 but are not/have not worked in 2007, your EFC will be higher for the 0708 school year than it will be for 0809. Keep in mind, too, that aside from any federal grants you may be eligible for, many institutional scholarships have already been given out for 0708. If you decide to go back in the 0809 school year, you may receive more if you apply for financial aid by the school's priority deadline (usually in the Spring (so for Fall 2008, most schools will have application deadline's for March - May 2008)). Check with your school to see if you need to complete an "in-house" application in addition to the FAFSA; most school's have their 0809 in-house applications available October/November while the FAFSA will be available after January 1, 2008. Talk to a financial aid officer at the school you wish to attend for more information/guidance. Good luck!!
Yes, financial aid will help you through you Bachelors.