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What if my family’s financial status changes after the award year begins?

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What if my family’s financial status changes after the award year begins?

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If your family financial situation changes, for example, a parent loses a job or is hospitalized and cannot work, your financial aid package may change. Your parents should submit a letter of unusual circumstances explaining how the change has impacted your financial situation. The letter should include specific changes in income — numeric estimations of what the income was before the change and what it will be for the rest of the academic year. These changes may or may not positively affect your EFC. We will let you know of any adjustments by sending out a revised award letter.

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