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Does the amount of aid available decrease moving through the admissions cycle?

admissions aid CYCLE moving
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Does the amount of aid available decrease moving through the admissions cycle?

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Yes, when we get towards the end, there is a smaller percentage of people who actually get fellowships because there is a limited amount of funds. That’s the reason we suggest that you apply for the first three rounds. But, again, we will try to put some money together for any exceptional candidates who apply to rounds four or five.

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