<p>I have had many troubles getting my 2007 1040's turned in on time... but I finally did it.</p>
<p>I have received many tentative financial aid offers from schools based off my 2006 data. I noticed that MIT's offer was quite lacking when compared to many other peer institutions. However, I was unable to appeal due to the fact that I had yet to turn in my 2007 1040's.</p>
<p>Now that I have them in, is it too late to have MIT re-evaluate my offer and bring it up to date with my 2007 information and compare it to other schools?</p>
<p>I'm afraid that there is some policy in place that gives the financial aid office only a set amount of budgeted money. This would mean the later I am, the less likely they can match other school's offers as they have spent most of their "extra" alloted money. I've heard the "wiggle room" for fin aid grows less over time. Is there truth to this?</p>
<p>I really want to go to MIT, but finances seem to be standing in the way! I think I will be choosing another institution in the fall if I can't get the financial aid readjusted, as I <em>really</em> cannot afford this.</p>
<p>
[quote]
I'm afraid that there is some policy in place that gives the financial aid office only a set amount of budgeted money. This would mean the later I am, the less likely they can match other school's offers as they have spent most of their "extra" alloted money. I've heard the "wiggle room" for fin aid grows less over time. Is there truth to this?
[/quote]
I did not find it to be true of MIT's financial aid.</p>
<p>My dad is not so good with deadlines, and he turned in my financial aid forms late every single year I was at MIT. One year he turned them in on July 31. I never had this affect my financial aid.</p>
<p>Still, MIT doesn't match other schools' aid per se -- they won't compare it to other schools, but they will re-evaluate if the original calculation was missing something.</p>
<p>Regardless of income, you should work with the good FinAid people at MIT.</p>
<p>My family clears 100k, but we're still getting FinAid help, including some portion in MIT scholarship.</p>
<p>They look at individual situations carefully, like no. of children in college and whatnot. E-mail someone. Like, NOW! The sooner you do, the sooner they can help you!</p>
<p>My family receives 130k or so a year. Family of seven.
Amount of finaid from MIT in grants = $0</p>
<p>I'm not completely happy with their finaid, but I'm going nonetheless. I'm expecting to have a lot of loans to pay back when I get out of college, haha.</p>