Wondering how much the FAFSA amount goes down each year...

Question

My financial information is pretty much the same, I know that normally each year the amount goes down, so I'm just curious how much it goes down

Answer 1

If your info is the same, then the amount of your EFC and expected fin aid stays the same. Actually, most grants or loans increase from your freshman to sophomore years, because they don't want to waste as much money on you if they don't know how well you will do.

If your scholarship is not a fixed amount and depends on your GPA, it may go down if your grades go down.

Every year, tuition usually goes up, so if you're getting the same amount of fin aid no matter what, it might seem like its going down but really just your residual funds are decreasing/ your payments are increasing.

Answer 2

Mine almost doubled so I don't know!

Answer 3

What do you mean, "how much it goes down?'  How much what goes down.

Answer 4

my grants has not gone down. i have pretty much gotten the same amount but my college tuition has gone up