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My D's second-year aid (just posted yesterday) is about the same as her first year aid. Actually she received slightly more, but the slight increase is offset by the increase in COA. As dt123 says, unless you know the complete picture - FAFSA, Profile, grades, etc... - of those posting "BEWARE," you cannot conclude anything about your individual situation.
The reduced package could be 1) an incomplete package - wait 2 or 3 days and re-check. For example, my D's was first posted under 2008-2009, with nothing on the 2009-2010 page, and the next day it was fixed. 2) If a family had two students in college the previous year and only one in the current year, that family's EFC will double for the remaining student. 3) There may have been changes in the family's financial picture that we know nothing about. Or 4) Some of the scholarships have grade requirements, and some state and federal aid require certain unit and passing grade minimums. Be sure you are a full-time student and you have met all GPA minumums as well as satisfactory progess requirements (completing a minimum number of units each year).
If none of the above applies to you and your aid was significantly reduced, a calm call or email to the financial aid office is your next step. Be sure to have details of last year's aid on hand for the discussion. Good luck.
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