<p>IF late in applying for financial aid the following could happen</p>
<p>in schools that are need aware, need sensitive, if they receive your information at the end of the cycle you could risk not being admitted if you have a significant need and it is a toss up between you and a student who needs less of the schools resources.</p>
<p>Loans are also considered financial aid. If you have applied late, you may end up with more loans and less grants that you would have received if your package was done earlier in the cycle.</p>