Can I be reconsidered for financial aid?

swimcatsmom
Wed, 06 Jun 2012 13:12:50 +0000

You can always try! You can probably for sure get some aid next year, **but I do know that FAFSA looks at your finances over the past few years before giving you their grants. (like if someone’s mom got a better job next year but was dirt-poor before that, they’ll still give them something since its only recent. **And vice-versa maybe. If one’s family went from thriving to struggling, they can give them something to help them out. At least that’s what I’ve heard. This is only my first year with FaFSA, so I don’t know too much about renewing it lol)

I don’t know where you got this information from, but it is completely wrong. FAFSA does not look at what happened in the past at all - it looks at the income for the prior year (so 2011 income for the 2012-2013 school year) and assets as of the date FAFSA is filed. Income prior to the tax year required to be reported is not taken into account at all. So if income was low in 2010 but high in 2011, 2011 is all that counts for FAFSA.