Financial assistance letters from institutes means that you will need to re-apply for aid each year.
Financial aid can be defined as a financial assistance granted to a student so as to enables the student pay for their education.
Financial aid is important as it help to cover college student tuition and education expenses.
Based on the given scenario for a student to be qualify for financial aid such student need to re-apply for the aid every year.
Inconclusion this means that you will need to re-apply for aid each year.
Learn more about financial aid here:https://brainly.com/question/26545693
