@riverandsasha3 on your previous thread you said the income was double because of withdrawals from retirement accounts…which is it? Withdrawals from a retirement account or a hardship distribution (please explain what you mean by this)
You will be lowering your net cost potentially. The COA at the college won’t change. But your need based aid might change if your one time income is removed from the equation.
Does this college guarantee to meet full need for all accepted students?
Contact your college. Ask what needs to be done for a special circumstances consideration. They will tell you what they need to receive and if they do these. Please keep in mind…some colleges do these and others do not. In addition, they are done on a case by case situation so knowing what others have gotten won’t really help you.
If the college does not guarantee to meet full need for all accepted students, you might not see an increase in aid…or enough of an increase to make this affordable.
But you won’t know until you ask and apply.
Do you have other affordable options on your application list? Just in case.