I am applying for financial aid. Can my application be placed on hold for the following year, if sufficient financial aid is not available?

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I am applying for financial aid. Can my application be placed on hold for the following year, if sufficient financial aid is not available?

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We have in previous years been generous with aid based on need. In the case that a well-qualified student is unable to attend this summer, he/she is welcome and encouraged to apply in following years. Applications cannot be rolled over to the following year.