But what happens if there is a significant change in household income between filing taxes and the student starting college? If the FAFSA does not adequately reflect your current situation or your financial circumstances have changed since you submitted the FAFSA, you may request a reevaluation of your financial aid eligibility.
- Examples of income change may include:
- Unemployment
- Loss of a benefit
- Job Change
- Illness
- Retirement
- Separation or Divorce
- Unusual uncompensated medical expenses
Colleges may ask the family to write a letter summarizing the special circumstance and to provide appropriate supporting documentation. Most colleges will have a form that can be downloaded from their website to start the process.
Financial aid advisors will work with your family to make sure you are receiving the most financial aid you are eligible to receive. As a reminder, don’t change anything on the FAFSA. You must contact the financial aid office if you think that your current financial situation may qualify for a special circumstance.