<p>Hi im an international, i want to know what is the policy of Harvard and other big schools of renewing financial aid and how difficult is to get aid in continuing years.</p>
<p>You just apply for aid every year, like you did the previous year. If your family’s situation has not changed much, your aid will not change much. If your family has gotten better off, your aid will decrease, as they will be able to pay more (assuming “better off” means >$60,000/year or so). If they get worse off, your aid will increase, as they will be able to pay less (unless they are already paying nothing).</p>
<p>ok, but im asking is it difficult to get aid in sophomore and continuing years or if you have got a certain amount of aid in your first year then you will be getting the same amount in future years as well.</p>
<p>Nope, the standards are exactly the same. If you got $50,000 of aid your freshman year, and your family is in the same financial position the next year, you will also receive around $50,000 of aid. It is no more difficult to get financial aid if you have already received aid.</p>
<p>Last year it cost my daughter about $10,000 to attend Harvard. Then we inherited some property and became the quintessential middle-class family whose EFC is close to the cost of attendance and puts them in a bind - too many assets for financial aid, but not wealthy enough to write $50,000 checks. At any other university, our daughter’s aid would have ended. At Harvard, after aid, she’ll now pay about $20,000 a year.</p>