Does including the fact of my family having moved across states in the additional information section grant me a slightly higher degree of financial aid?
For the most part it does not.
If your new state gives state aid, you will have to look up the requirements for receiving state aid in that state. In some states, you may need to be a resident for 12 months.
Your biggest concern would be if your new state residency. If you applied to college in your current state, when your parents move, there is a great possibility that you could lose your in-state tuition. At the same time, you may not living in your new state enough time to get in-state tuition at those colleges
Why would a move give you more financial aid? because of the expense of the move? No, that won’t be factored in… As @sybbie719 points out, the implications are more likely to be negative, esp if you are attending / plan to attend a public university.
No.
If you are going to a full needs met school that uses the Profile, they often consider many factors including your family mortgage payment/taxes etc., so it is entirely possible that you could get more Financial Aid if your family need is increased.
Saying that higher expenses (mortgage, property taxes, whatever) often leads to higher need-based aid I think is misleading. What drives the aid calculations is income and assets. It’s what people earn and have, not what they spend (there are limited exceptions to this, such as non-elective and uninsured medical expenses, and education costs for other family members).
^true, but that would apply to any change in the financial picture, not particular to the fact of moving to a new state. And it could go the other way: if the family moved from NY to MS, for example and had lower mortgage payments, taxes, etc, the FinAid could end up lower the next year.
The size of your mortgage payment does NOT impact financial aid. @collegemom3717
Can you still itemize moving expenses? It’s possible there might be a small adjustment to your taxable income…but maybe NOT to your AGI which is what is used for financial aid purposes. And if your company paid your moving expenses…you certainly wouldn’t be able to claim them as your own.
thanks for the correction, @thumper1 - responded too fast / w/out thinking to the list of things in the previous post.