<p>Yes, it is a Profile school. I know those colleges have a lot of leeway to do things the way they want to, but didn’t know which school year summer earnings are applicable to. 12/13, the year in which are earned or 13/14, the year in which they are reported. I thought that might be consistent across schools. I only asked his FA adviser about 12/13, because the question concerned expected summer earning for the 2012 summer. I was told the larger than expected earnings wouldn’t affect the 12/13 FA. So my question was answered, but upon thinking about it, I wondered if I didn’t ask the right question. </p>
<p>I think what I should have asked the FA office was; Are those earnings going to be considered available for the 13/14 school year, as that’s they will be reported on the 13/14 FAFSA? If so, we might not want to spend it for this year’s expenses as they are covered, because while it’s under the exclusion amount it is a large enough sum that if it’s spent on school expenses this year and I have to come up with that amount for next year, it could be a problem. </p>
<p>I get there is an income exclusion for the student earnings for the FAFSA, and he won’t go over that, but institutional aid makes up a far larger percentage of his aid package, and I’m guessing in the income exclusion only applies for federal aid purposes and the school can handle it however they want. So since it looks like the school can do it however want, my best answer will come from them. I just need to figure out how to phrase it, so it’s clear what I’m asking.</p>