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How many years will financial aid typically cover?

Hey guys, I'm concerned about the financial aspect of college and was wondering how many years does financial aid generally cover? Is it just for the first year or does it extend the entire duration of my undergraduate degree? Thanks in advance!

9 months ago

Hello! It's great that you're considering the financial aspects of college. In most cases, financial aid covers the entire duration of your undergraduate degree, which is typically four years. However, it's important to note that financial aid can come in a variety of forms, such as federal grants and loans, scholarships, and work-study programs, each with their own terms and conditions.

To maintain your financial aid throughout your undergrad years, you'll need to reapply every year via the Free Application for Federal Student Aid (FAFSA). Keep in mind that your aid package might change from year to year depending on your family's financial situation, the college's policies, and any scholarships or grants you receive.

You should also check your college's specific policies regarding financial aid duration, as well as the requirements to maintain your aid eligibility, such as maintaining a certain grade point average (GPA) or staying enrolled full-time.

Here's a helpful CollegeVine blog post on understanding financial aid awards: Financial Aid Award Letter: What It Means and How To Read It. Good luck, and I hope this information helps!

9 months ago

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