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Im applying for financial aid for my house payment. will it effect my credit score

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14y ago

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If i you have bad credit can my kid still get a student loan?

Yes, your kid can apply for financial aid themselves, even if they have no credit or bad credit. Federal financial aid does not look at credit rating or employment status.


Does federal work study count as income for financial aid purposes?

Yes, federal work-study earnings are considered income for financial aid purposes and may affect the amount of aid you receive.


How does having a UTMA account affect eligibility for FAFSA financial aid?

Having a UTMA account can impact eligibility for FAFSA financial aid because the funds in the account are considered assets of the student, which can reduce the amount of aid they receive.


Do you have to take 6 credit hours a semeter to get fanacial aid?

Yes, for undergraduate students part-time is considered at least 6 credit hours. Generally, you must attend at least part-time in order to receive financial aid. For graduate students full-time is 9 credit hours or more. Anything under 9 credit hours is part time. Generally, 6 credit hours (usually 2 classes) is the threshold to receive federal financial aid.


Can you still apply for financial aid when you have a DUI?

Yes, you can still apply for financial aid even if you have a DUI. A DUI conviction does not automatically disqualify you from receiving federal or state financial aid. However, certain circumstances related to the DUI, such as unpaid fines or resulting incarceration, could affect your eligibility. It's important to complete the Free Application for Federal Student Aid (FAFSA) and consult with your school's financial aid office for guidance.

Related Questions

How does marriage affect financial aid?

marriage wont affect financial aid


How does being on academic suspension affect financial aid?

academic suspension how does it affect financial aid


Do non-credit college courses affect your GPA?

No they do not affect your GPA. However, if you fail them, they will be looking at your academic progress, especially if you are receiving financial aid.


If i you have bad credit can my kid still get a student loan?

Yes, your kid can apply for financial aid themselves, even if they have no credit or bad credit. Federal financial aid does not look at credit rating or employment status.


How does a child affect your financial aid?

In a positive way.


What will an sat score of 2060 do for me?

Get you into a good school, and help with merit-based financial aid.


Would joining a sorority increase my financial aid?

Financial aid is based on need. Whether you join a sorority or not should not affect the amount of financial aid you receive, as your need should stay the same.


Do working affect financial aid?

Yes since you may wonder whether you will be able to work to pay for expenses not covered by your financial aid.


Can you get financial aid if you have bad credit?

Yes for the most part. Credit may be a factor when obtaining private loans, however.


Does a default in child support affect a student from getting financial aid?

Yes it does affect the child from getting financial aid.Mainly because you are a defaulter.


Do college savings accounts affect financial aid?

Yes, college savings accounts can affect financial aid eligibility. When calculating financial aid, colleges typically consider the assets of both the student and their parents. Funds in a college savings account, such as a 529 plan, are counted as assets, which can reduce the amount of need-based financial aid awarded. However, the impact varies based on the specific financial aid formulas used by different institutions.


Does federal work study count as income for financial aid purposes?

Yes, federal work-study earnings are considered income for financial aid purposes and may affect the amount of aid you receive.