For incoming students, financial aid is determined soon after they have received notification of their admission to the University and after their financial aid application is complete. This is always after January 1st since the financial aid application cannot be completed prior to January 1st. For continuing students, financial aid is normally awarded in June for the upcoming academic year. To ensure coordination with the University’s budget, the financial aid award is deemed final when the student accepts it. In exceptional cases when a student’s financial circumstances change substantially and unexpectedly, the Office of Admissions and Financial Aid will reconsider the student’s financial aid in response to a request.