<p>I have a question about financial aid. For the 13's, did the amount of financial aid you received change during your second year, if your parent's info remained the same? I know some colleges change the financial aid during the second year, so I was curious if it was the same for Dartmouth :)</p>
<p>Our fafsa EFC went down due to fewer assets/depreciated assets, but Dartmouth’s EFC stayed the same which resulted in a larger gap. Fortunately, S had some deferred outside scholarships and renewable scholarships that almost filled the larger gap. His first year some of his outside scholarship money replaced Dartmouth aid because he had more outside scholarship money, which cannot replace EFC, than he could use.</p>
<p>I believe most institutions raise the amount they expect the student to contribute from their own earnings for Sophomore year and then once again to a higher number which is used for Junior and Senior year. Can this help explain some of the difference? I also believe this is part of the “institutional” method of calculating need.</p>
<p>Good to know…I guess the FAFSA for this year is due soon. If anyone has recommendations/knowledge of any small scholarships for sophomore, you can PM me. Last yr. she did so many college apps, that scholarship apps may have helped. In the long run, she did get into to fantastic college.</p>
<p>karatedad is correct. The ‘self-help’ portion, work study adn Stafford loans increase a little from Frosh years, but if income-assets stay the same, the EFC will stay the same.</p>
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<p>Depreciation is usually considered non-cash and is added back by most colleges who use Profile. (I don’t know how D treats it.)</p>
<p>Depreciated may have been technically the wrong word to use. The value of our assets decreased because of dropping land values and savings spent for college.</p>