My tax return will not be completed by the time I need to complete the FAFSA or PROFILE application. Should I wait to complete the applications or estimate my income?
You should estimate your income, if necessary, in order to complete your financial aid applications by the priority deadline. • What changes may affect my financial aid award? It is the goal of Vanderbilt to maximize a student’s financial aid package and for the student to maintain that same level of assistance for the four year period. At times, however, there are situations that may increase or decrease a family’s demonstrated financial need which will affect the overall amount of financial assistance. For example, when a family has had two students in college and reported in the household and one of those student’s graduates from college and moves out of the household, the demonstrated need will typically decrease by 40%. When a student’s parent changes jobs resulting in their annual income increasing or decreasing, the student’s demonstrated need will be impacted. If a student’s parent loses their job anytime during the academic year, then a re-evaluation of financial need may be a
Related Questions
- My parents will not complete their federal tax returns before the deadline for filing the FAFSA and PROFILE. Should we wait to file these forms until their tax returns have been completed?
- My tax return will not be completed by the time I need to complete the FAFSA or PROFILE application. Should I wait to complete the applications or estimate my income?
- Do I have to complete the Free Application for Federal Student Aid (FAFSA) form for SCCAP?
