When there is a significant change in a family’s financial circumstances, projected income for the current calendar year may be a more reliable indicator of future earnings than the base year information used to fill out the CSS PROFILE and FAFSA applications.
The Office of Financial Assistance considers requests to use projected year income in determining aid eligibility on a case-by-case basis. Documentation required may include:
- Explanation of the loss of income
- Dates of employment and unemployment over the calendar year
- Documentation of income earned over the calendar year
- Documentation of any non-recurring income, such as severance/separation benefits
- Documentation of any unemployment, retirement, disability, or temporary disability benefits
- Documentation of any other taxable or non-taxable income or resources
- Documentation of applicable out-of-pocket medical expenses exceeding 4% of income
- Documentation of any insurance or pension benefits
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