<p>We received a pay out on stocks and used the money to pay for our sons loan, this increase shows on the income., does anyone knows if by providing proof of funds used to pay for his loans will avoid his college grant to decrease its amount? This pay out funds were a 1 time disbursement. Any comments or experiences on this? We want to avoid our sons grant to decrease by the college. Thanks.</p>
<p>Maybe you could write a letter to the college with an explanation regarding reason for the increase. If they request additional documentation you can provide it then. I believe the answer will depend on what college(s) you are dealing with, but that would be a start.</p>
<p>Using the money to pay off the loans was a voluntary use of the money. The college will say, “Why didn’t you save the money to pay for next year, and let your son handle the loans, as we anticipated?” It is unlikely that you will get a sympathetic ear.</p>
<p>Chevda, I agree with you.</p>
<p>Thank you all for your replies, I will try and will let you all know how did it go. Hopefully the college will understand that this is not our regular income.</p>