I applied for financial aid in april. I called Colby if I can still apply because I thought we could apply for aid after knowing if we got accepeted to Colby or not. Colby told me that I can submit my application and if there is money available after the may 1st deadline they will provide aid. However,I got an email telling me that if I dont apply for financial aid my first year I cant apply for need based aid until my junior. Is this true? Can someone please clarify how Colby handles late financial aid applications?