<p>Do your loans, work-study, student summer income contribution generally increase each year, and if so by how much??</p>
<p>Also, I couldn't seem to find any info on it, but is there a loan-cap that Gtown institutes that limits the total amount of student loans one can have?</p>
<p>Thanks</p>
<p>I know there is a loan cap. I think it's like $3,500 freshmen year. And then goes up $1000-500 each year.</p>
<p>What about reapplying for finaid every year? Do they generally stay consistent in the amount of scholarship/ aid they give you from freshman yr? Specifically, I wanted to ask about the need based scholarships. I received a 41000 GU NHS Scholarship...Will this most probably renew soph, jr, and sr yrs as well?</p>
<p>i know their need based scholarships are not renewable..they will change and be altered according to your financial situation every year. I do know that they expect you to contribute a little each year from your own income...but it's not much it goes up by 500 or so i believe.</p>
<p>So in short it won't change significantly if your families' finances don't change much. If your families' income said steady I would IMAGINE your scholarship would go from 41,000 fr to 36,000 your senior year. That's just a guess, but it will probably go down a little each year.</p>
<p>That's definitely not a terrible decrease, I could live with it considering I'll probably be living at my own house near GU jr and sr years. (Btw, about that estimate of 36000...will it be reduced if I live at my own house?) Thanks :)</p>
<p>If you live in your own house (family's home)? Yes. They aren't going to pay for you to live in your own house. I think they would cut 100% of the room and board out of your aid. I'm not positive though. If you live on a house off-campus that you pay for (ie rent) then I'm not sure.</p>
<p>thanks. sooo as a senior the most you could end up with in loans (senior yr) is about 6000? or will they also increase your work study too?</p>
<p>also is this standard among colleges? to decrase aid gradually throughout your years?</p>
<p>it is standard to decrease aid throughout four years..because you are gradually expected to be able to work more. and its hard to say an exact number as 6000?</p>