Do I have to re-apply for financial aid every year?

Yes.  You have to re-apply for financial aid every year and depending on your financial situation (it might change); you may actually get more or less financial aid.  After your first time of filling out the Free Application for Federal Student Aid (FAFSA), you will fill out the “Renewal Application” which will have some of the information you’ve already filled in from the previous year.

Another important factor to keep in mind is that you must meet satisfactory academic progress towards a degree or a certificate (like meeting the minimum number of credits and achieving a minimum GPA).

Posted in Financial Aid | Tagged , |

about financialfootprint

financialfootprint offers objective personalized financial solutions through financial education for young adults and college students. Here at financialfootprint, our members can connect online and meet with their own personal finance expert, view easy-to-read content, access knowledgeable resources (take a peek at what else our members have access to), and so much more.

We provide guidance and education on topics such as credit cards, budgeting, college financial planning for students, employee benefits, understanding student finances, employee benefits, and other personal finance topics. We also provide useful tools such as budgeting worksheets (check out "The bÜdg"), student loan calculator and other helpful apps.

Subscribe Now