<p>What do you do when the FAFSA information has to match the IRS tax records for a year when you were employed vs now…retired? It seems like a lot of work to contact each financial aid office to explain the difference in income status. Any suggestions?</p>
<p>Call the school and let them know of the change…</p>
<p>You must enter the information on FAFSA as it appears on your tax return. A financial aid officer can, at his/her discretion, go in and change the information to reflect loss of income. You cannot change it. You have to contact the financial aid office of your school.</p>
<p>Isn’t there a place on the FAFSA where you indicate that your husband is retired? If so (and I think there is), you would check that. And then just to be safe…I would call the finaid department and see where you can file some sort of letter about that.</p>
<p>But two things to remember…first, colleges expect that you will use current income, past income (savings) and future income (loans) to finance college. And second, if you husband has any retirement income, that is still considered income.</p>