How does loss of employment and severance package effect aid?
My senior daughter applied to several schools with some, along with the FAFSA required the CSS profile. My husband recently loss his job due to an acquisition. One of her schools (so far) she was accepted to has asked us to file out a Request for Revision since the loss of employment was noted on the CSS, for the financial aid package. My husband received a severance package. Can anyone with a similar experience tell me if the severance is excluded from the equation since it is a one time occurrence, or is it included and negatively effect the outcome? My husband was with the company many years and the service package is generous, but we will need it to live on as his looks for new employment and at a certain point pay health insurance if he does not find employment soon. Thanks in advance.15 replies
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