<p>I got a 24k grant from UNC for the upcoming school year.
Is there some kind of guarantee that I will get close to that same amount every year?</p>
<p>I'm not understanding how grants work at all....and if I don't get that amount every year, there's no way I can afford the OOS tuition to go there for four years.</p>
<p>It is probable that you will get that amount if everything stays the same but verify with the school. you (or Parent) should calll a FA officer and ask them how the aid will continue in years 2-4. As a side note, that is a great grant amount!</p>
<p>Grants come in a variety of flavors. What they have in common is that they are free money.</p>
<p>Grants coming as merit aid generally continue for all 4 years provided GPA and other requirements are met.</p>
<p>Grants coming as need-based aid require annual application for financial aid and are subject to change based upon changes in EFC, cost of attendance, and fin aid policy.</p>
<p>Make sure you understand the conditions of your grant.</p>