Deferral and aid

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
BoggleBoggleHead
Posts: 2
Joined: Sun Mar 14, 2010 7:36 pm

Deferral and aid

Postby BoggleBoggleHead » Sun Mar 14, 2010 7:41 pm

Hi,

How does Financial Aid work with a deferral? In general, will I have to re-apply for aid next year? Or will I necessarily stick with the same package?

If it makes a difference, I am considering accepting and deferring at HYS, and next year I will be one year older / one year further from parental tax dependency, so I think I would get a better aid offer (although, obviously, that is not why I want to defer).

Thanks very much for your advice...

luckyjd
Posts: 239
Joined: Mon Jan 25, 2010 6:46 pm

Re: Deferral and aid

Postby luckyjd » Sun Mar 14, 2010 8:26 pm

i believe you have to reapply to financial aid every year, even if you're a student. so it only makes sense that if you defer, you would have to reapply to financial aid. another reason is the financial condition of the school is different each year, surely they would not use the same package they offered you in a good year again in a bad year...

User avatar
im_blue
Posts: 3276
Joined: Sun Apr 12, 2009 3:53 am

Re: Deferral and aid

Postby im_blue » Sun Mar 14, 2010 8:49 pm

You have to apply for aid each year. If you defer your acceptance, you're not guaranteed to get the same financial aid package, although it should be similar for HYS, which only offers need-based aid.

BoggleBoggleHead
Posts: 2
Joined: Sun Mar 14, 2010 7:36 pm

Re: Deferral and aid

Postby BoggleBoggleHead » Mon Mar 15, 2010 5:55 am

Ah, OK. Thanks.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 3 guests