<p>With financial aid at any university, you have to apply for aid each year for the reason you listed. If your financial status changes, then your financial award will change. </p>
<p>To your second question, you can’t decide what type of aid you can receive (if that was the case everyone would ask for grants lol). But there are some exceptions to the rule. I bet at many universities if you don’t want to work in the summer (there is usually a summer work expectation) or do a work study, they can convert those funds into loans. Realize that a work-study will usually amount to $2500-$3000 per year, so don’t get your hopes up about making work-study your primary source of aid.</p>