2008 W2 Income extremely "skewed"

Paying for College
1

<p>My 2008 w2 shows almost twice what I will actually make in 2009 due to transfer of private stock in a small corporation. (phantom income)</p>

<p>Will the FA folks take a look at 2009 paystubs in their analysis?</p>

<p>As it stands now, my son is being recruited to play football by the Ivys and near-Ivys…all of which will cost in excess of 50,000/year…while holding an acceptance to a fully paid for state university (but no football…just merit).</p>

<p>As it stands now, based on the 2008 figures, I don’t expect ANY financial aid to be granted…but may receive some should they look at the 09 projections.</p>

<p>Anyone know if they are flexible?</p>

2

<p>unfortunately, the FAFSA and profile go by your income tax returns; they count the w2 amount (and schools may require you to send in copies of your returns). The schools’ individual financial aid offices usually have a way for you to indicate “unusual circumstances”. I don’t know if there are any interactions between coaches and financial aid offices, but that might be worth looking into at the specific schools in question. Good luck!</p>