Need-based grants can be awarded at the federal, state or institutional level. Because need-based grants are based on a student's individual need, they are evaluated annually when you submit your FAFSA. It is important to understand that all need-based grants, including the McDaniel Grant, are subject to change due to changes in your need.
This is especially important for returning students who will be enrolled in the 2024-2025 academic year. With the new FAFSA and the change from an EFC to an SAI, most students receiving a McDaniel Grant will see some change in their grant amount.