This is good information. I especially like how the article mentions financial aid “professional judgment”. Financial aid is normally based on the income from the previous tax year (when returning adult students were employed), but college financial aid administrators can use “professional judgment” to use the student's “expected year income” (when they are unemployed or less-employed) to recalculate their expected family contribution and financial aid award. Good article.

caldem, i also went to a private college, on scholarships and luck and working up to 3 jobs. and yes, i'm grateful for the financial aid available. my husband and my sister went to UC berkeley, both working themselves through, with financial aid.

the point here is that financial aid is not keeping up. and the costs are so high now that no student can get by without very serious financial help. my parents contributed $2000 to my post-high school education, and then i was on my own. and in my day, i could get by without enormous loans. that is not really true now.

yes that is what it means. However, deferred means put off, not canceled. If for some reason your Financial aid is revoked or canceled, then you will be required to pay those fees again. But as long as you didn't lie on your financial aid application or something like that then you should be fine.