Financial Aid throughout Academic Years

cptofthehouse
Wed, 20 Mar 2019 22:13:06 +0000

Most reputable colleges do not bait and switch. However, the need awards are based on the FAFSA EFC, so it does change as that number changes. THe federal part of the aid HAS to work that way, and most schools have policies that make it so that their need based awards also work in tandem with the need formulas. Most schools do not give more than what the FAFSA EFC generates.

However, costs do go up each year at most colleges. Allowable student loan limits increase from Freshman through Senior year. Most schools do expect the student to contribute more towards their educational costs as they move up through the ranks. Keep all of that in mind.

Great idea to talk to the financial aid officer and ask the tough questions up front, take notes so you have it in writing. That way you get a good idea how things work at that particular college.