Eligibility for aid in the current academic year is based on total income from the previous tax year. However, on an exception basis, if the overall total income for the family is expected to be lower in the current tax year due to a specific hardship an adjustment to the total income may be considered. The special condition adjustment is a courtesy service and is not a federal aid requirement. Not all financial changes are considered and not all loss of incomes results in qualifying for need based aid.
Eligibility criteria for Special Condition – Loss of Income:
- Hardship situation can be legitimately documented;
- The total income for the current year can be documented and estimated;
- Higher income in the previous tax year from winnings received from lotteries, raffles, contests, sweepstakes and any other form of gambling will not be considered.
- An adjustment will improve the student’s financial aid eligibility.
Student responsibility under a Special Condition – Loss of Income:
He/she must promptly report any corrections, changes, or updates to the Financial Aid Office when they occur. If the actual income for the current year differs from what was reported, the student understands that awards may be revised and repayment of disbursed funds may be required based on the corrected information submitted.
You must meet with a Financial Aid Counselor to discuss and/or pick-up a Special Condition - Loss of Income application. Financial Aid Counselors are available on a drop-in basis only. View Office Hours for current hours.