Can I get financial aid if I apply regular decision?

I'm thinking of applying regular decision to some of my top choice colleges. Will I still be eligible for financial aid if I go this route? Are there any downsides financial aid-wise compared to early decision or early action?

Absolutely, you can still be eligible for financial aid if you apply through regular decision. The financial aid process runs parallel to the admissions process, and being an early decision, early action, or regular decision applicant does not affect your eligibility for financial aid. Every college has its own policy, but in general, colleges are committed to meeting the demonstrated need of all admitted students, regardless of when they apply.

However, do note that a few institutions have early priority deadlines for financial aid applications. Miss these, and you may have less aid available for you. All this means is that you should aim to submit your financial aid forms, like the FAFSA and CSS Profile, as soon as possible. Also, be sure to check the specific deadlines on each college's financial aid website.

It's also worth mentioning, if you're using early decision as your application method, you're committing to attend that college if admitted, before receiving the financial aid package. In some circumstances, if the financial aid package doesn't meet your needs, colleges generally understand, and you may be released from the early decision commitment. But again, policies vary by institution, so it's always good to clarify with the individual financial aid offices.