Possible to increase merit-based financial aid after freshman year?

Colleges & Universities Boston University
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<p>I’m currently looking to shoulder $80,000 over 4 years, based off of my financial aid package. Including how much I have in Stafford loans (even though it’s technically considered aid, it’s still loans that students have to repay), that rises to $120,000. My class rank and SAT in high school were solid, but not outstanding (top 10% percentile, SAT score of 2170). </p>

<p>I was wondering, is it possible to actually increase financial aid after matriculating? Say that by the end of freshman year you’re a top student, and are all around solid in terms of extracurriculars, is there a good likelihood of applying for more financial aid and getting it? Is it possible to apply for the Trustee’s scholarship or Dr. MLK Jr. Scholarship? </p>

<p>In another thread somewhere, I read that BU sets aside a small amount of its endowment to grant more financial aid to high school applicants who want to negotiate for more. Is there something similar for students who are already enrolled? </p>

<p>I also have another financial aid related question. I recently completed an Intel Corp. internship, which was paid and was taxable. It occurred to me that won’t colleges just deduct that straight from grants?</p>

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<p>You may not apply for the Trustee and MLK after freshman year. </p>

<p>Sometimes you may renegotiate for more aid, but it’s rare. You’ll need to put in significant face time or paper time with BU fin aid.</p>

<p>The money you made might affect your grant, but probably not unless it was significantly more than what you made last year. Especially if you didn’t really save any of it.</p>