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<p>Actually at BU…(at least this was true for DS who received merit aid) students must fill out the FAFSA and Profile as entering freshmen, even for merit aid. They do not have to do these forms for merit finaid renewal (until last year, the FAFSA was still required for merit renewal…but not the Profile. That changed the 2005-06 year for the upcoming year). SO…check VERY carefully. You may be required to do the FAFSA and Profile (and send in two years of tax returns) for any aid at BU. Also…my humble opinion…do the finaid application forms. First of all, YOU don’t know what you may or may not qualify for. Second, you will at least get an unsubsidized Stafford Loan which you won’t be offered without the finaid forms. And third and most important…it’s good to have those finaid forms on file JUST IN CASE there is some kind of financial issue during your school year like parent loss of employment or very high medical expenses for an ill family member…or some other extenuating circumstance that may require you asking any university to review your finaid situation. I can tell you that if you have a family crisis, the last thing you will want to do is complete these forms at that time. Better to have them done when you apply to the school.</p>