Changes in Financial Circumstances

Financial Need
The majority of financial assistance is based upon financial need. The FAFSA collects data primarily on your financial resources for the previous year. We recognize that a family's income is not always consistent from one year to the next, and that circumstances beyond a family's control may inhibit a family's ability to contribute to educational expenses.

Changes in Financial Circumstances
We welcome the opportunity to discuss a substantial change in your family's status since filing the FAFSA. Such circumstances include separation/divorce, loss of income, high medical and/or dental expenses (not covered by insurance), or a catastrophic expense. Please contact our office so we may give you more specific information on the steps necessary for our review of your situation.

Reporting Changes in Financial Circumstances
If you or your family experience a significant financial change (such as those listed above), you must submit the circumstance in writing and include written documentation of the situation. This documentation should be addressed to your financial aid counselor.

Review Process
The Financial Aid Office will review the submitted documentation and make a determination if there can be a recalculation of your original EFC (Estimated Family Contribution). If there is a recalculation that results in a decrease in your EFC, additional aid will be considered for you based on a funds available basis.

Other Resources
If you will be receiving any forms of assistance not listed on your offer (such as a scholarship from a high school or other organization), you must notify us of this additional resource in writing.

Outside awards are considered part of your aid package, and, in most cases, will be applied first to unmet financial need, then to replace loans and/or work-study, and finally, if necessary, to reduce institutional grants and/or scholarships.


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