<p>I made the unfortunate mistake of going to the University of Tampa in Florida. I turned down much better schools for almost a full ride, but now that I'm transferring, I'm afraid money will be an issue again, and I know that typically schools don't give out all that much aid for transfer students. However, I've also heard that sometimes they give out more aid once that transfer student has been there a year and reapplied. Does this sound reasonable? Or does anyone know if this actually does/doesn't happen? Any response is appreciated.</p>
<p>Thanks,</p>
<p>Chris</p>
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<p>Need based FA is determined by the financial information you give a school each year and the FA policies of the school. Just being in your second year as a transfer does not affect your FA offer.</p>
<p>Thanks for your response! I was referring to the fact that most aid goes to freshman (and their renewal packages) rather than to transfer students. For example, I received a 29,000 scholarship At Boston for the upcoming year, plus some loans and a small Pell grant. As their FA office grants mostly on merit, my question was if they might budge if I were to reapply after the first year of attending there. In short, if there’s a school I really want to go to but that’s a little out of my price range, is it worth biting the bullet with a large outside loan, hanging onto hope that I can go back and ask for more aid for my final two years?</p>
<p>Sorry, I can’t help you there as it likely is highly dependent on the school. </p>
<p>It sounds like a pretty big risk to take. Heck, I’m nervous just waiting to see that the EFCs for my kids remain close to the same from year to year ;).</p>
<p>Congrats on the merit from BU (or BC?)!</p>