The website states that Babson only meets 100 % demonstrated need in the first year for undergraduates. Does this imply that a student could be shorted in subsequent years? Can anyone add some insight to this please?
Grants however can be renewable for 4 years if income remains the same.
I DON’T think that to be the case. but not sure of it. If they accept you and you accept their aid, it is meant for the whole 4 years.
Thanks for responding! I hope that is the case, I was just thinking if the FA package is structured with anything other than grants then it might. We’ll have to wait and see.
Alumni, I had a very weird financial situation. I was given a huge package in the beginning. However, because my family has their own business, we saw revenues that we didn’t forecast. We submitted them to the school, and they decreased my grant to a point where I couldn’t afford it. My dad ended up calling them and explaining the situation and they met us half-way.
This could be true for international students who need to file financial info every year. If there is a major change in financial condition there could be a change in the aid too. E.g. some catastrophe, lottery(lol), outside scholarship…