sophomore finaid package--huge drop

<p>We just received d's package for her sophomore year and I am speechless. We will have 3 in college this fall and her efc has gone down accordingly. Our income has not changed drastically from the previous year (up 2K). Her package is LESS than what it was last year, and naturally the cost of attendance has gone up. Last year they met approximately 72% of need--this year it is around 40% of need. My senior's package has remained constant (by percentage of need) throughout. My freshman's package meets 100% of need.</p>

<p>For the record, I spoke to a finaid officer at the open house when visiting this college and was assured that percentage of need met is relatively constant and that changes in circumstances are taken into consideration each year. </p>

<p>To reduce a finaid package 30% seems very dishonest to me. I suppose they can do whatever they want...My d does not want to transfer, but will. She has done well and has a 3.2 GPA. We are afraid what the next two year's packages will bring. She has already applied to my other d's school as a backup. I know you are probably thinking it is too late to get any aid from this school, but she qualifies for an instate grant (independent of the school) and the school is 7K less. </p>

<p>Any tips on how to proceed? I am in the process of writing a letter asking for an review of her package. Should I ask for an appointment with the head of finaid? Could this be an error?</p>

<p>You can call them...but the reality is that unless the school guarantees to meet 100% of need, they can meet any amount they choose to. Need based aid can and does vary from year to year in many cases. </p>

<p>I would make an appointment to speak to them (in person if that is at all possible). It's worth checking...but that doesn't guarantee that the school will adjust the aid given (since they do not meet full need).</p>

<p>Which school is it, so we can avoid it. That is a terrible thing. We were concerned about that with our D as well but they have been generous (rising Junior) each year. Can't complain.</p>

<p>I was dreading receiving next year's aid package (rising junior), but was pleasantly surprised. </p>

<p>In your case, I would definitely call the financial aid office - you have nothing to lose.</p>