Something I've been wondering....

[conuly]

How, exactly, does financial aid work? Do they just say "this is what you can pay, and we'll pay any amount more than that"? Or do they go "this is how much you get, no more"? Or what, exactly?

Edit: See, even though I fill out my FAFSA every year, I have no idea how it works.

Comments

[xmorningxrosex.livejournal.com]

It's not always "no more" - if you have a change in financial situation, they can bump it up by giving you extra work-study or loans or grants (or all of the above), but that's an extra process to go through and prove that your situation somehow changed since the time you filed the FAFSA.