USA Today College

What to Do If You Lose Your Financial Aid

When you first started college, you might have assumed that your financial aid package would be solid for the next four years. But now spring has rolled around and you’ve been blindsided: You’ve learned you’ll be getting less money next year.

There are five major reasons why you could lose financial aid:

  1. Your parents are making more money. If they’ve been pushed into another tax bracket, it’s especially likely to affect your financial aid.
  2. Your grades didn’t requalify you for scholarships or grants.
  3. You didn’t take enough credits to requalify for federal aid