Change in Circumstances
The Office of Financial Aid is committed to a thorough and personal review of each family's individual circumstances as the basis of determining a student's financial aid eligibility. However, we recognize that family circumstances can change unexpectedly, affecting a family's ability to contribute toward educational expenses.
Your financial aid is based on 2016 income reported on the financial aid applications. If your family's circumstances change after receiving your Financial Aid Notification, you may request a review of your financial aid eligibility by completing the Change in Circumstances Form. Additional financial assistance is determined on a case-by-case basis and may be in the form of a loan, employment, or scholarship. Submission of this form does not guarantee an adjustment or increase to your financial assistance.
The following may be considered a change in circumstances if not initially reported on your financial aid application:
- Significant loss of income due to termination or change in employment
- One-time/non-recurring income
- Unreimbursed medical expenses
- Extended family support
- Parent educational debt
Your 2016 federal income taxes, W-2 statements, and documentation of your income from all other sources must be on file with our office for us to consider any adjustment. For loss of income due to termination or change of employment, the earliest we will consider a request for reevaluation will be 12 weeks from the date of termination.
The following is not considered a change in circumstances:
- Matching financial aid eligibility from other universities or colleges
- Student or parent(s) who does not wish to borrow to cover educational expenses
- Parent(s) refusal to contribute to educational expenses
- Parent(s) payment of student loans for older sibling
- Expenses such as credit card debt, wedding expenses, sports, enrichment activities, etc.
If the Change in Circumstances is submitted prior to your receipt of a Financial Aid Notification, the information will be reviewed during our evaluation of your financial aid applications. If you submit the Change in Circumstances form after you have already received your Financial Aid Notification, an email notification regarding the outcome of the review is typically sent within 10 to 14 business days of the receipt of the request. During peak periods for financial aid application review, our reevaluation may extend beyond the normal time frame as we continue to complete first-time financial aid evaluations. Additional processing time may be needed if more information is required.
It is our expectation that families will use all resources available to them to finance their family share, including current salary, savings, investments, payment plans, and student/parent loans if necessary.