Question on Financial Aid

Parents Forum
1

<p>I’ve seen it mentioned several times that schools will possibly meet the “grant” portion of a students need when presented with information from another school of similar or higher ranking. I am wondering if this is usually a one time event. For example:</p>

<pre><code> School A School B
</code></pre>

<p>Grant $10,000 $ 5,000
Loan $ 2,500 $ 5,000
Work Study $ 2,500 $ 2,500</p>

<p>If school B offers to match school A, will they revert to the previous mix in subsequent years? If so, it would seem that counting on this ongoing aid would be short-sighted in the long run. Or do schools establish patterns of aid (mix of above) that they provide over the years? Does it vary from school to school? How does one find out?</p>

2

<p>email FA and ask!!! Get it in writing, and keep a copy. HTH</p>

3

<p>You have to reapply for financial aid each year. Your need will most likely go up each year, unless your salary keeps up with the rate of college tuition. It is a good idea to ask before you accept the first year if you can plan on this amount of aid in the future. Ie your grant will remain at that level, or increase if needed.</p>