Hi, I am a prospective student and I am inquiring about the terms of the Odyssey scholarship. I qualify financially right now but my parents will probably double their income this next year. This means I would be well above the financial threshold. My question is whether the Odyssey scholarship is guaranteed for all four years even if your financial need decreases? Basically, will the university rescind the scholarship if income increases? Thanks!
Yes, as I understand it, the amount of aid you receive can change every year. You basically reapply each year.
No, it’s not guaranteed (unless something has changed recently). Generally speaking, your FA will decrease a lot (potentially being completed removed) unless there are specific situations where an exception makes sense. E.g. if your parents income doubled because they sold a house and it’s a one-time situation, the financial aid office will hear the case out.