Will my financial aid be renewed after my first year?
Yes, but you must reapply. All need-based financial aid and some scholarships are renewable; however, you must reapply for financial aid each year by completing a new Free Application for Federal Student Aid (FAFSA) to demonstrate continued eligibility. Returning students are encouraged to complete the next year's FAFSA by May 1.
The composition of your financial aid package may vary depending on the funds available in individual aid programs. However, you are likely to receive similar financial aid funding throughout your undergraduate education if:
- Your scholarships and funding are not limited to one year.
- Your family's financial situation remains similar.
- Federal, state, and institutional funding of financial aid programs remains similar.
- You submit the appropriate application materials by published deadlines.
- You continue to meet enrollment level and Satisfactory Academic Progress (SAP) requirements. The Office of Financial Aid monitors enrollment levels (the number of credit hours you take) during each term. If you fall below the minimum credit hour requirements, you may be required to repay all or part of the aid you received.
- You report accurate information (income, assets, etc.) on your financial aid application(s).