<p>Is this true?</p>
<p>Why is it so?</p>
<p>Money is generally given out on a "first come, first serve" basis.</p>
<p>i think this belongs under the "financial aid" section of this site.</p>
<p>I agree with Jarn. Send it in ASAP.</p>
<p>But does it mean that they will review financial apps of students who are not yet accepted???? I understood that many schools do not start reviewing apps before mid-Feb or so.</p>
<p>That's exactly what it means. They don't have the time to do the FA review between the time admissions decisions are made, and the April notification date.</p>
<p>So it means that in places with 10-15% acceptance rate they do 7-10 times more work reviewing apps of eventual rejects?</p>
<p>So,</p>
<p>does that mean if I don't have my FAFSA and CSS profile in yet, they will not yet review my profile?</p>
<p>At least officially they say that apps are reviewed separately from finances. Whether it is 100% true or not, I am not sure. But I would be REALLY surprised if my FAFSA was attached to the app during academic review. Because in this case the independent review statement will be a 100% lie, to the extent that the university may be held responsible for that.</p>
<p>I apologize if this is a stupid question, but do we have to re-do the FAFSA every year our kid's in college? There hasn't been any essential change; next year there will be as our daughter will be in college, too .... but this year, it's "the same."</p>
<p>thanks ... zebes</p>
<p>Yes. Most schools require the FAFSA every year. You better check the school's website ASAP for a deadline. My daughter's school send a reminder, but some might not. No FAFSA no financial aid.</p>
<p>
[quote]
does that mean if I don't have my FAFSA and CSS profile in yet, they will not yet review my profile?
[/quote]
</p>
<p>
[quote]
At least officially they say that apps are reviewed separately from finances. Whether it is 100% true or not, I am not sure. But I would be REALLY surprised if my FAFSA was attached to the app during academic review.
[/quote]
</p>
<p>at the most selective schools admissions and financial aid are handled in 2 separate offices. Remember only a very small number of schools are need blind where your needing aid will be a factor in the admissions process. THe overwhelming majority of colleges in this country are need aware / or need sensitive.</p>
<p>Just like an admissions department reviews 10's of thousands of applications knowing that they are only accepting 10-15% of the students, FA departments have to organize and put together FA records of 10's of thousands of students .</p>
<p>Once an admissions decision is made, then a financial aid package is put together. On the FA side, the pieces of your fa application has to be put together (just like admissions). So if all parts of your FA application is not in; FAFSA CSS Profile (if your school requires it) copy of your signed 2007 tax forms, the school can not put together a financial aid package for you.</p>
<p>Even schools that have large endowments have FA budgets and like Chedva mentioned, money is given on a first come. first served basis. If your application is not in on time, you may end up with a package that is heavier on loans because the school has exhausted all of the "free" money.</p>
<p>If you are admitted to a school that is need aware/need sensitive if your FA paperwork is late and you are one of the last picks, the amount of money you need will be a factor in the admissions decision. If deciding between 2 similiarly qualified applicants, the tip will go to the student who needs less of the school's resources.</p>
<p>At any school that gives federal aid (pell grants/ seog grants/ stafford loans) you must file the FAFSA. there are only a very very very small # of schools that do not require the FAFSA.</p>
<p>For schools that give out large amounts of FA using their own instiutional monies (big endowment schools) most will require either the CSS profile or their own FA form.</p>