Private Schools - Need based Aid reevaluation Question

Paying for College
11

Not enough info to answer your question.

  1. Need based aid is based on financial information from prior prior year. For example, the 2018-2019 FAFSA used 2016 tax year income information.
  2. If you lose your job, you would need to do a special circumstances consideration with the college. This is done on a case by case basis, and might or might not result in increased aid.
  3. If you get laid off, any severance or unemployment or vacation day compensation will also be viewed s income.

My opinion…if you are REALLY concerned about the finances…

  1. Look for merit aid that is not income dependent.
  2. Look for less costly colleges.