Changing Application Status from "Needs Financial Aid" to "No Need"

Archive Ask The Dean Archive
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<p>Question: In the Common Application Future Plans section, we checked the box indicating we plan to apply for financial aid and submitted the applications. After more research, we may decide not to apply and to instead look for other ways to cover college costs. Is it a problem not applying for aid if […]</p>

<p>[View</a> the complete Q&A at CC’s Ask The Dean…](<a href=“http://www.collegeconfidential.com/dean/archives/changing-application-status-from-needs-financial-aid-to-no-need.htm]View”>http://www.collegeconfidential.com/dean/archives/changing-application-status-from-needs-financial-aid-to-no-need.htm)</p>

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<p>Hello I read this question with interest. I filled out the fafsa and ccs forms because the school counselor recommended it. Our efc came back very high because of our savings. The ccs says 2 of the colleges my daughter applied to want our tax returns sent in. I don’t really see the point now that I know what our efc is. Should I contact the schools and tell them we don’t want financial aid?</p>

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<p>Do the colleges that want the tax forms offer merit scholarships? If so, they may want to see the tax forms before they make merit awards. Although most merit scholarships are not tied to financial need, there are some that are. So, since you’ve already done the worst stuff (FAFSA and CSS Profile), it doesn’t really hurt to comply with the tax-form request at this point.</p>

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<p>Hello there :)</p>

<p>I applied without need as a freshman because I’ve managed to get a sponsor. However, I am wary, in case of any financial changes, my sponsor would no longer be able to sponsor me. Therefore, if I have critical changes in my financial situation, I will only be able to apply for financial aid after 2 years?
Is this always the case?</p>

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<p>No. You would need to check with financial aid officers at your college (or at prospective colleges, if you’re not enrolled yet) because policies do vary.</p>

<p>Also, in cases of extenuating circumstances, many aid officials can bend the rules and allow no-need students to receive aid before the usual waiting period is over. But these circumstances are usually along the lines of “My father dropped dead” and not “Uncle Irving decided he doesn’t want to pay for me anymore.”</p>