Can families apply for financial aid in future years if they do not apply the first year?
Yes. A family that experiences a change in circumstances may apply for financial aid at any time. For example, it is not uncommon for a family to suffer a job loss or illness or for a younger sibling to begin attending college. Please note that institutional aid will usually be awarded only in cases that involve an involuntary change in circumstances. Parents who decide to retire early or to invest in a business start-up may not be awarded institutional aid. It is a good idea to include a letter describing your family’s change in circumstances with any new financial aid application.
Please note: foreign students and transfer students who were admitted without institutional financial aid are not guaranteed institutional financial aid even if there is a change in circumstances.