meanvaluetheorem1

So here's my story.... my mom and dad have both been out of work for the past year, and Caltech gave me a full-ride in need-based grants, which was awesome. But my dad seems pretty likely to get a pretty well-paying job (90Kish) after a job interview last week. If he gets the job, must I inform Caltech about the finaid change or can I wait until next year 's FAFSA to do so? That'd be really bad for me if my grant was reduced because that's the biggest reason I cam here....

spoon!

Well isn't the financial aid based on last year's financial situation? If so, then any job he gets in the future can only affect next year's financial aid.

anotherparent

I believe Financial Aid is a snapshot in time, thus you are not required to bring it up. They will get to you next year.

If you need to make this right in your mind - You parents have been out of work for a while. It is great your dad now has a good job, but chances are they have gone through savings and/or run up some debt. They may have also deferred certain expenses. Without knowing your parents financial situation, I can see how college expense would be a real hardship for them at this time.