Newly unemployed with ??

BlahDeBlah
Sat, 17 Mar 2007 20:08:04 +0000

If your income goes down, with the severance missing, will they increase the package, I’ve heard some schools do not increase even if the need increases.



Just wanted to point out…my mom was actually in a similar situation my junior year. I believe she managed to squeeze in disability, severance, unemployment, and the new job’s salary in one year…I know it was at least the last three of those. They were worried about the artificial inflation factor, plus the fact that my mom’s new job paid less than the old one. I don’t know whether they sent in special letters, but I do know that they hired a financial adviser to fill out the paperwork. I also know that my aid package did not change. The only extra thing I got was $1500 in work study money my junior year, but that could very well have been simply because the school’s tuition was going up, not because they noticed our EFC going down. I don’t know what the EFCs were for all the years but I suspect if it’s not a really huge difference, they won’t bother to change the package unless they meet 100% need. Disappointing. Our “gap” is larger than our EFC at this point. :(