<p>my daughter was awarded financial aid from a private university of her choice, consisting of "grants" from the university as well as federal loans which total about half of the yearly tuition+room and board. we can cover the remainder. if this is a yearly process, assuming that our income does not go up, do we assume that the percentage of financial aid from the university and federal sources will remain the same for the next four years? </p>
<p>Depends on the school. You need to contact the school and ask. Perhaps contact them by email so that you get a written response that you can keep as a record.</p>
<p>When emailing them, include your D’s info including school ID if she has one.</p>
<p>Keep in mind that college costs (tuition, room, board) go up every year, so likely your costs will go up and your D’s student loans will go up (since Stafford loans increase for soph, and jr/sr years).</p>
<p>There should be a description of each grant that she got, either with the FA letter or on their website. Read them carefully and make note of any that are awarded to freshmen only, as those will not be renewed in subsequent years. It’s pretty common for schools to have at least one of those awards, and nice to have a bit of help with the expensive first-year set up costs, but disappointing the following summer if you’re not aware of the restrictions. Call or email the school for any that you’re unsure of.</p>