<p>For schools like NYU, CMU, etc., do we have to apply for Finaid each year? For example if I don't this year can I next year if my EFC changes?</p>
<p>Also, if any parent knows, what credit bureau does the US Dpt of education use for parent plus loans? I have read that it's Equifax. I doubt they use all three.</p>
<p>All schools require you apply for FA each year since you financial situation changes every year. </p>
<p>There are some schools where you have to apply for FA as a fr applicant in order to qualify subsequent years, others permit you to not apply as a fr but do so later if your situation changes. You need to read the FA websites for schools carefully and call them if they don’t state their policy.</p>
<p>Isn’t there an option - check here if you are planning to apply FA?</p>
<p>^^Sorry, maybe I worded that wrong, they require you to apply if you want to be considered. Of course you don’t have to apply if you choose not to.</p>
<p>Yes, I believe on the CA, there is a box to check about applying for FA.</p>
<p>Ok - ill see if I can find info on whether you have to apply fr yr to get FA later.</p>