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Do I have to apply for financial aid each year?

Last updated: 
December 15, 2023

Most private schools require families to reapply for financial aid each year. Changes in income, expenses, the number of children enrolled in private schools, etc., can impact a family’s eligibility for financial aid. Schools also reset their financial aid budgets and award aid to a new group of students each year.

Reapplication typically isn’t cause for concern. Private schools are committed to providing a consistent educational experience, so unless your family has had a significant financial change, the aid package awarded will likely be similar each year.

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