The schools that you list on your FAFSA form use several pieces of information to calculate how much you will receive in aid
What is the easiest way of explaining what the basic eligibility criteria for federal student aid is, and who decides how much I receive?
I can answer that for you in a very short manner, if that 's ok with you
Can I accept a lesser loan amount if I find that my living expenses are not going to be as high as my school estimated?
You are entitled to turn down any loan that is provided or even to request a lower amount of borrowing. Your school will be able to help you with this query, should it arise
Do schools have specific financial plans in place for students that re attending the school?
Yes, a lot of schools have tuition payment plans, these are monthly interest-free payments towards tuition. These plans can help in reducing the amount of borrowing you need. The financial aid office in your school will have more details
How do I let my school know what type of financial aid I will be accepting?