<p>We will not apply FA when apply ED this year, we got the estimate from cmu, it’s not much, we sure we can afford it w/o any FA.
But, my husband is thinking seriously about retirement next year because of health issue.</p>
<p>My question:
If we don’t apply for FA for ED this year and my husband take retirement next year, will my kid able to apply for FA when he’s a sophomore in college?</p>
<p>Thank you.</p>
<p>The answer is yes.</p>
<p>Absolutely-- each year is unrelated to the next. Win the lottery, no aid the next year!</p>
<p>CMU also has an “extenuating circumstance” form and a “reduced income” form…aid can be adjusted if there are unusual changes to your income level.</p>
<p>GO ahead and retire-- ! You’ll get more aid possibly-- remember, CMU does not promise to meet unmet need. At very least, if there’s an EFC less than COA, student will be eligible for subsidized loans and work study.</p>
<p>mom2012 - Thanks. “retire or not”, it’s the topic on our dinning table recently. Honestly, I don’t want him go retire and stay at home, unless he has plan for his after retire life. But, in fact, after the injury few years ago, I knew, he needs rest.</p>