Families occasionally experience changes in income and/or resources during the application period (e.g., job loss, illness, etc.).

Examples of changes we can consider include, but are not limited to, the following.  Submit a written request to the Financial Aid Office with the indicated required documentation.

DECREASE IN PARENTS’ EARNINGS

Parent has had a significant decrease in total family income (at least 20%) due to 10 weeks or more of involuntary unemployment, forced retirement, or other non-elective loss of earned income.  Required documentation:

• Letter of termination/reduction
• Income and Expense Form for Parent
• Copy of last paystub (include both parents, if married)
• Documentation of severance pay, vacation pay, retirement benefits, unemployment and/or disability benefits

DECREASE IN STUDENT’S EARNINGS

Student’s income will decrease due to a reduction in employment to accommodate full-time enrollment.  Required documentation:

• Income and Expense Form for Student
• Copy of last paystub
• Documentation of severance pay, vacation pay, retirement benefits, unemployment and/or disability benefits

REDUCTION OF OTHER SOURCES

Parents have experienced a reduction in other income sources such as one-time capital gains, untaxed income, rental income, IRA/Pension distributions, etc. Required documentation:

• Income & Expense Form for Parent
• K-1 Statement for Stock Sales
• Documentation of use of proceeds of IRA/Pension Distribution and Capital Gain

EXTRAORDINARY EXPENSES

Expenses we will consider are elder care, medical, and private elementary or secondary tuition for younger siblings.

Expenses we will NOT consider are consumer debt (yours or your parents’), and car payments.

Required documentation:

• Income & Expense Form for Parent
• Documentation of expenses.