Can grant money given be taken away if additional information on finances changes?
I think this might be asking, “If I already have my EFC and was offered grant money as a result, but then my family wins $30,000 in the lottery, or my mom gets a big year-end bonus at work, will my EFC (and my eligibility for the grant) change?” The FAFSA asks about the family’s financial situation as of the day the FAFSA is signed. If the family’s situation changes after that date, the student does not (as a general rule) need to make changes on the FAFSA. However, there are too many “if/then’s” involved in this topic, and the student should contact the school or the Federal Student Aid Information Center at 1-800-4-FED-AID to discuss his or her specific situation.
