<p>Recently in discussions with my parents about choosing the college, my dad believes that any financial aid will decrease over time despite any new financial circumstances such as lower adjusted gross income (Mom recently switched jobs) and the usage assets (Bonds intended to pay for college). He believes that this is the maximum award that I will be receiving. </p>
<p>Whereas I thought that if a school meets financial need, they'll continue to provide the aid on a year-by-year basis. I do understand that the student contribution is expected to increase every year, but will my financial aid peak as of this year?</p>
<p>Just wanted to get an opinion from someone who has knowledge or has been through the experience. Dad is pushing for an in-state school whereas I got accepted to my dream school. My parents can afford my dream school, but they're worried about aid over the four years of my undergraduate study.</p>
<p>This is a question you must ask from the Fin Aid office in your school. Some schools do decrease Fin Aid as the years go by, and some don't. That is specific to each school. You absolutely have to get that question answered before you commit. Actually, loans and student work contributions could very well increase. Get all the info first.</p>
<p>Fortunately my dream school has a no loan policy! But I just want to figure this out before committing because what my parents have to pay, they can afford it the first year. But given that our AGI will be significantly lower and my sister will be entering college in another two years, I want to ensure that I will be able to enroll all four years.</p>
<p>I do know Student Contribution from Summer Earnings will increase every year though.</p>
<p>I know that my dd at Texas A&M has been given more money each year instead of less and that's even though our efc has risen, now that does include loans. The last 2 years in July she's been given an extra scholarship she did not apply for. As always, ymmv.</p>
<p>Look at your school's retention rate. If it's high, it means that those who need financial aid continue to get it at a level that allows them to stay in school.</p>