PoorBrokeDad

Based on my income, our EFC exceeded college costs. Well guess what?!?! Yep.

Is to too late to get something from FinAid?

mom2collegekids

You need to contact the school about your situation. They may wait a few weeks to see if you find another job. Obviously, they don't want to award money and then, voila, you have another job in 2 weeks.

Did you get a severance pkg? If so, the amount along with what you've earned for 2012, may be a lot.

You need to contact the school and find out what their policy is.


Edited to add...is this for UT-Austin? Is most of their aid gov't aid? Or do they award institutional funds?

How much can you pay towards college?

cptofthehouse

Lost job = Professional Judgement for possible Dislocated Workers designation for possible lowered EFC for possible PELL and other governemet programs.

It all comes down to PJ of financial aid officer.

PM Kelsmom and ask her how to best approach the fin aid office for best chance of getting the Dislocated Worker designation.

swimcatsmom

^^Dislocated worker is only really relevant to qualifying for the automatic 0 EFC which requires an AGI of <$23,000.

But yes, contact your school and ask about professional judgement/special circumstances. A school can adjust your data (such as income) on FAFSA to reflect loss of income. My understanding is that most schools will not immediately make such an adjustment, but will wait until the unemployment has continued for some period of time. But if you contact them immediately you will know what you have to do and when. As mom2 said, any severance money will be taken into account.

spazzymcgee918

well if you recently lost job you could go always go on unemployment until you find another... but i'm sure that if your circumstances drastically change and you are a good student, then your financial aid at a school may change in tandem (perhaps by talking personally to the financial aid office)

laplatinum

Office of FA at your child's university should be your new best friend. I call my son's for everything I do not understand. They are very helpful and answer every question (even my seemingly inane ones) efficiently and with grace.