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Why may the total amount of the need-based awards differ from year to year?

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Why may the total amount of the need-based awards differ from year to year?

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Eligibility is reassessed each year. Many factors could affect a students need-based award eligibility. Some of the common reasons eligibility may change are changes in family income or assets or the number of children enrolled in undergraduate program or the amount of merit aid that the student is receiving. 9.

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