financial aid--"university scholarship"

<p>i just found out today i'm getting 12,000 a year in need based aid which is amazing because my parents were "sure" we wouldn't get anything...</p>

<p>my questions is: does this scholarship renew every year or what?</p>

<p>It depends on your EFC each year.</p>

<p>It is likely to stay the same though.</p>