wait a financial aid question

<p>hmm
so if a parent has a lot of money in savings and a pretty high pay, there will be no aid right?
provided there are no other siblings etc.....</p>

<p>and is it possible to apply for aid sophmore year even though i didn't apply for aid for freshman year?
and i've been seeing threads around with people getting grants when they apply for fin aid, does that mean that its basically just free money? that is so extreme? i never knew this! i thought aid was just loans that you have to pay back, i never knew cornell gave out like 30 grand for free!</p>