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What about my loans and Pell Grant limits?

October 16 2020 7:12 pm

Loan and Pell Grant limits are waived. For those who don’t complete college this semester, the CARES Act calls for colleges to waive lifetime limits on certain aid, including Pell Grants. That means any federal direct loan or Pell Grant money you used for school this semester won’t count toward your lifetime limit for either aid type.

You can request more financial aid. Even if you have already filed the Free Application for Federal Student Aid, you can appeal your award. This is useful if your family’s finances have changed due to events like job loss or medical expenses.

To update the FAFSA, sign in to the FAFSA website and click on “Make FAFSA Correction.” Enter your FSA ID, make changes and submit. You can make changes up until the FAFSA deadline — June 30 after the school year you need aid. So if you need more aid to help out with expenses this school year, you have until June 30, 2020, to do it. To update your FAFSA for 2020-21 you have until June 30, 2021.