<p>We received our aid-package for OOS freshman year of approx 8000 in grants and 2000 work-study-- no loans. The question is: will sophomore and junior years continue to be grants or is there a bait and switch possibility here?
Thanks to UNC parents or students who have experience with this. (We are not familiar with U.S. system of financial aid)</p>
<p>You have to submit FAFSA or whatever other paperwork was involved, every year, as the schools need to verify if your circumstances are the same. If nothing changes financially for your family, UNC will give you the same types of aid. But if your income goes up, something could be taken away, similarly if it goes down, UNC could likely add another component to your package to help you out.</p>
<p>Thank you very much for the prompt reply-- we are worried about more loans as we already have to borrow to cover the EFC.</p>