How do you transfer financial aid between colleges?

I'm planning to move from my current college to another one soon, and I'm wondering if it's possible to transfer my financial aid along with me. Would I have to reapply for it at the new school, or is there a simpler process?

Financial aid does not automatically transfer between colleges, as each institution determines its own financial aid packages based on federal, state, and own aid policies.

1. FAFSA: You will need to update your FAFSA (Free Application for Federal Student Aid) when you're planning to transfer. In the "School Selection" section of the application, add your new school's federal school code. This allows your FAFSA information to be sent to the new institution.

2. Institutional Aid: Keep in mind that each school has its own resources for institutional aid. After updating your FAFSA, check with your new school's financial aid office about any additional financial aid forms they require, such as the CSS Profile for non-federal aid.

3. State & Other Aid: If you're receiving any state-based aid, check to see if it can be transferred. In some cases, moving out of state may disqualify you from certain awards. Similarly, if you have a private scholarship, reach out to the granting organization regarding their policy on transferring schools.

4. Deadlines: Be mindful of the deadlines for financial aid at your new college, as they may differ from those at your current institution.

5. Aid Package: Once your new school has received and processed your FAFSA, you will be awarded a new financial aid package. This could contain a mix of federal, state, and institutional grants, loans, or work-study opportunities.

So, in a nutshell, you will need to reapply for financial aid at your new school. Plan accordingly to ensure your transition is as smooth as possible!