a couple fin. aid questions

<p>I have a few questions.</p>

<li><p>At private universities, grants and scholarships become less available as time progresses during the financial aid application process. true?</p></li>
<li><p>Given that income and savings are constant over the years, will our EFC drop from a year to year basis? This is seeing that we are taking more loans and losing more savings/investments each year and our ability to pay for college is reduced.</p></li>
</ol>

<p>Thanks.</p>

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<p>It depends on a number of factors. First, does the school guarantee to meet full need? If not, your financial aid package may not increase...and in fact could go down. Second, it depends on how much your savings and investments go down. Many of these schools use the Profile and while your savings etc may go down, your home equity continues to go up. In our personal experience, it all balanced out. Also there are no places on the financial aid forms for loans you have taken out.</p>