Loss of Parental Income

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.

BU 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

Specific Documentation Requirements