Financial Aid Change of Income and Benefits
The federal government realizes that a family’s financial circumstances may change from the time they file their federal income tax return or FAFSA. In these circumstances, the College is allowed to make adjustments to a family’s income or assets on their federal aid application. Common examples of granted special conditions are loss of employment, retirement, separation or divorce, loss of one-time benefits, medical/dental expenses that exceed 11% of total income, elementary/secondary tuition costs for dependent children, nursing home costs not covered by insurance, and unusual high child care costs. All students applying for a financial aid change of income or benefits must complete the verification requirements before our office can consider an adjustment to your federal aid application.