Changed Income for FAFSA/CSS

cptofthehouse
Thu, 03 Oct 2019 19:56:47 +0000

For financial aid for the 2020-21 school year , the income reported on the FAFSA is 2018’s.

You can note the decrease in income from 2018 to today as a Special Circumstance. I believe it has to be addressed individually to each college Special Circumstances reviewer usually occurs after the fact, from what I have seen, but personally, I would send the explanation to each financial aid office before the award is given. I do not know how the financial aid offices handle this. I suspect it varies.

Your parents do not qualify as dislocated workers which is a flag to FA officers to take the situation into consideration. If the retirement were forced, it may be possible but a planned retirement does not meet the definition

FAFSA will be run using info as given on the form, which is 2018 income, and it’s up to each FA Officer to use professional judgement in changing the EFC.