<p>I did some research on The Board of Tustee's Scholarship and from what i understand it is need based and given year-by-year. Can anyone confirm this is true? </p>
<p>So does this mean that since I got a 20k Trustees Scholarship this year I won't necessarily get a scholarship the other 3 years?</p>
<p>I'd love to go to GW, but that scholarship is the only thing that makes it even somewhat affordable to me (even with the 20k it's still gonna be a big stretch for my family). I don't think I can commit to GW knowing that come next August I could not receive that scholarship again and then be stuck with a 55k tuition bill. </p>
<p>Anyone have any more info on this? I was really excited about GW until I found out that the scholarship I got isn't guaranteed for all 4 years. I'm not sure how people could commit knowing that there is no guarantee you'll get that money again. I hope I'm wrong and just misunderstood how it works because otherwise it looks like GW might not be feasible for me.</p>
<p>The Board of Trustees Scholarship (BOT) is available to academically excellent students who also demonstrate eligibility for need based assistance according to GWs policy.</p>
<p>Similar in nature to the GW Guaranteed Grant policy, the University is guaranteeing the scholarship for up to ten consecutive semesters of undergraduate enrollment.</p>
<p>It appears that you do not have to apply each year, based on these two FAQ’s, however, don’t quote me on that one:</p>
<p>Q. Do I have to reapply for aid each year?</p>
<p>A. Yes. Although merit awards, GW Guaranteed Grants, and BOT Scholarships will be renewed automatically if you completed the number of credits and attained the GPA required for your award, any additional need based financial assistance provided through the Office of Student Financial Assistance requires reapplication annually. Renewal is also dependent on satisfactory academic performance and continued financial need. Awards may be altered or withdrawn at any time if your academic record becomes unsatisfactory or your financial need changes.</p>
<p>Renewal application materials will be available on-line on our website before spring break. Students can also pick up a packet at Colonial Central in the Marvin Center. Refer to the completion deadlines listed earlier in this section.</p>
<p>Awards for continuing students are sent in June and July.</p>
<p>Q. Can a family count on the same financial aid package every year?</p>
<p>A. Your eligibility for need based funds (other than merit awards, the GW Guaranteed Grant, or BOT Scholarships) is determined one year at a time. Because your and your parents circumstances can change greatly from one year to the next, so can your award.</p>
<p>For example, lets say your mother is a widow when you apply for aid for freshman year. If she remarries, you will need to include your new step-parents information when you apply for aid the next year. This might increase the family income and make you eligible for less aid. On the other hand, when family income decreases, or the number of dependent siblings in college increases, you could be eligible for more aid.</p>