Haverford does not have Merit at all. They base their financial on the CSS profile you filled out during the application process. FAFSA is used for federal work study and/or if you qualify for subsidized/unsub loans. They may still be sorting all the acceptances, including the wait list. Merit is pretty much renewable as long as you maintain the GPA. With whats going on, colleges are careful to give more money and families are weary of being able to afford.