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Does the time of application affect the amount of award?

affect application award time
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Does the time of application affect the amount of award?

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A The academic and aid award year runs July 1 through June 30. Typically, applications for maximum award for the following academic school year must be submitted by April 30 of that year (students seeking maximum award for the 2008-2009 academic year should apply by April 30, 2008). Applying later may reduce the amount of award based on the total dollars available to award and based on the amount of time left in the academic calendar year.

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