<p>My daughter has applied to USC. Please forgive me if this has already been discussed, but I just received notice via USConnect that they want a “2011-2012 Parent Income and Expense Declaration.” Does anyone know if all applicants are asked to fill this out? (I’m a single parent/widow and my gross income is around $45K.) Should I read anything into this request?</p>
<p>Thank you!</p>
<p>I am divorced and just received the same email. I had noticed it previously on USC connects financial portion of forms required. I think it goes to anyone who is single.</p>
<p>Did either of your seniors apply for financial aid?</p>
<p>I believe this form request is sent out to any undergraduate applicant who applied for financial aid. I also got the email requesting this information. Seeing as my parents are married, I do not believe it has anything to do with marital status. </p>
<p>Good luck to all!</p>
<p>FF</p>
<p>Thanks so much for the input. Yes, we definitely applied for financial aid! </p>
<p>Thanks again and best of luck to all.</p>
<p>Not all financial aid applicants receive this request, but it is nothing to worry about. It is generally requested when they have a question about how you meet your expenses with the listed income. If it turns out your expenses exceed your income, they will want information about how the additional expenses are covered - if you receive “help” from another source they will want information about that additional income. If you are taking loans or using savings, be sure to include that information.</p>
<p>Good luck!</p>
<p>Thank you, alamemom, for your great response (oh my gosh, in typing your user name right now, I just realized it looks like “a lame mom.” Say it isn’t so! Then I’m pretty much alamermom…).</p>
<p>After completing the form in question, my finances do look very tight, and they certainly are, so even if my daughter does get accepted, I really have no idea how I’ll pay for USC. She has told me, however, that if she does manage to get in, that that alone will thrill her to pieces. Well, we’ll see. Thanks for your support!</p>
<p>P.S. I have learned SO VERY MUCH from your posts, alamemom, and do so appreciate the time and effort it takes for you to answer our questions.</p>
<p>Thanks for the kind words :)</p>
<p>I hope to hear good news about admission AND financial aid for you and your daughter!</p>
<p>Alamemom-
WELCOME BACK! I’ve never posted before, but have garnered a wealth of wonderful information about the admissions and financial aid worlds from your knowledgeable and thoughtful posts. I was so afraid you’d left forever and am delighted to know you are back to share your wisdom and voice of reason! - Grateful Parent</p>
<p>:) 
:)</p>
<p>So happy too to see your posts today! Thank you goes out to Georgia Girl and the others who helped during your leave of absence! We have missed you Alamemom!</p>
<p>eeek i’m sooo confused.
“Parent: Please list ALL sources of income that are used to meet living expenses, including foreign income. Please provide gross amounts. Do not list income used to meet business or rental property expenses. Note: If your total 2010 yearly income will be significantly less than your 2009 income, please attach a letter explaining the specific circumstances/reasons for the change in income (if one has not been previously submitted). Also provide the following required documentation:
• Letter from employer(s) indicating: date of termination, reduction in hours worked, reduction in salary/wages
• Copy of most recent pay stub (including 2010 year-to-date earnings)
• Copy of last pay stub from previous employment (including 2010 year-to-date earnings)
• Statements from (if applicable): Social Security Administration, Public Assistance Agencies, State Unemployment Compensation Office, State or Private Disability Insurance Agencies”</p>
<p>if my parents’ income did not dramatically drop, do i have to provide all of those “required documents”?!
and is a $2,000 decrease considered significantly less!?</p>
<p>I wouldn’t consider $2,000 significantly less. You only have to provide the documentation if it applies - for example, if a parent was laid off, provide documentation. If they weren’t laid off, then of course you have no “date of termination” to provide. If there was no change of employer, then you don’t have a “previous employer,” etc.</p>
<p>***Important: You have last year’s form. here is the 2011-2012 form: <a href=“http://www.usc.edu/admission/fa/private/docs/1112/MIEP201112.pdf[/url]”>http://www.usc.edu/admission/fa/private/docs/1112/MIEP201112.pdf</a></p>
<p>oh noooooooo… excrement!! T____T ahhhhh i spent hours with my pa calculating the information for “last year’s form” 
my father is disabled as of 2011 so we receive disability benefits monthly now. would i have to submit all of those required documents?</p>
<p>thanks for your response!</p>
<p>Provide the documents that apply. The last “regular” pay stub before the disability, copies of any paperwork you have related to receiving the disability payments and a copy of a disability check (or check stub or print out the notification if you get auto-deposit).</p>
<p>Sorry you have to do the other form 
, but better to get it right now than later :)</p>
<p>:D i just finished it. it was actually a lot more easier the second time around LOL. thank you for your help!</p>
<p>Does anyone know if, on the 2nd page of “2011-2012 Parent Income & Expense Declaration”, under “Other” should I include tuition payments made to my other children’s colleges?</p>
<p>I would definitely include it, and I don’t see a specific line for that - just for elementary and secondary tuition - so that is where I would put it.</p>
<p>Thanks alamemom - you were right on. I just got off the phone with a USC financial aid officer and they told me to include tuition expenses under “Other”. After all, with two other children currently in college, that is my biggest monthly expense!</p>
<p>Son just got an email saying USC needs parent income and expense declaration…is this a sign of good news to come (no letter yet) or just a routine query?</p>
<p>I have multiple questions and financial aid office is closed until later today. Any advice would be greatly appreciated.</p>
<p>Are gross wages considered before or after pretax deductions for medical/dental insurance?</p>
<p>Does tuition for private high school mean just tuition or can I also list the fees as well?</p>
<p>I am self-employed and have to pay my own social security taxes. Is that considered a business “expense”?</p>
<p>After listing all monthly expenses, there is still a gap of over $1000 that we paid per month for various things that are not included on the form (examples, visiting USC!!!, school band trip, other son’s sports fees, charity, to name a few.) Should we include all those under “other” expenses? Should i provide a detailed explanation for these expenses?</p>
<p>Will USC take our monthly income, subtract monthly expenses, multiple by 12 and that will be our expected amount we pay towards USC? In other words, will USC not allow us to save for other son’s college, retirement, emergency fund, etc?</p>
<p>Thanks for any advice. I will talk with financial officer today but any advice will help with my anxiety over this next bit of paperwork.</p>