Deferring = Less Financial Aid?
Posted: Mon Feb 28, 2011 5:56 pm
I was wondering whether anyone knows how deferring affects your financial aid.
Is it true that you have to reapply for financial aid the next year, and don't get to keep any offer they give you this year?
I know in a normal cycle, you are more likely to get aid if you apply earlier (I didn't apply til January.)
However, if I am deferring, will I get less money because of it? Will they give me the minimum since I signed a binding agreement and have to go no matter how much they give me, and because I won't have any other offers to leverage?
Thanks!!
Is it true that you have to reapply for financial aid the next year, and don't get to keep any offer they give you this year?
I know in a normal cycle, you are more likely to get aid if you apply earlier (I didn't apply til January.)
However, if I am deferring, will I get less money because of it? Will they give me the minimum since I signed a binding agreement and have to go no matter how much they give me, and because I won't have any other offers to leverage?
Thanks!!