<p>Knock on wood, my son will be starting college next fall. I just informed his father about the need for him to provide his financial information to some of the schools. He told me will be retiring at the end of the year from a government job. I think he’ll be receiving about 55% of his current pay. I know there is a section on the NCP Profile that asks about changes in income for the upcoming year (2013 in this case). Does anyone have any insight into how much consideration the reported change will be given when determining FA for that 1st year?</p>
<p>I think you should contact some of the schools on his list (that require NCP info) and ask how they’d handle that.</p>
<p>And as a back up, be sure to have your son apply to a couple of financial safety schools “just in case.”</p>