Such circumstances include separation/divorce, loss of income, high medical and/or dental expenses (not covered by insurance), or a documented catastrophic expense. The majority of financial assistance is based upon financial need.
What are extenuating circumstances for financial aid?
Generally speaking, extenuating circumstances are unforeseen conditions that significantly impact a family’s ability to pay for college costs .
What is considered an unusual circumstance?
Possible examples of unusual circumstances may include: Tuition expenses at an elementary or secondary school . Unusual medical or dental expenses not covered by insurance. A family member who recently became unemployed. Changes in income or assets that may affect your eligibility for financial aid.
How do you define financial needs?
Financial Need is the difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC) . While COA varies from school to school, your EFC does not change based on the school you attend.
What are special financial circumstances?
Below are examples of situations that are considered to be special circumstances: Loss or reduction of employment, wages, or unemployment compensation . Loss of untaxed income or benefits e.g. Social Security benefits or child support. Separation or divorce. Death of a parent or spouse.
What is another word for special circumstances?
| indulgence dispensation | giving a concession hall pass |
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What is a special circumstance letter?
A letter of special circumstance, also known as a letter for financial assistance, is a letter that a student writes to a college or university when they cannot afford the tuition . ... Once the school receives the letter, it will look further into the situation.
What are examples of extenuating circumstances?
- Medical certificate.
- Hospital / doctor’s Letter.
- Solicitor’s letter.
- Death Certificate.
How do you prove extenuating circumstances?
Examples of documentation that can be used to support extenuating circumstances include documents that confirm the event (such as a copy of a divorce decree , medical bills, notice of job layoff, job severance papers, etc.)
What counts as extenuating circumstances?
Defining Extenuating Circumstances
Extenuating circumstances are usually personal or health problems that we define as:“ Exceptional, short-term events which are outside of a student’s control and have a negative impact upon their ability to prepare for or take (sit) an assessment .”
What are unusual family circumstances?
Examples of an “unusual” family circumstances:
However, examples might include abusive family situations, severely dysfunctional families, or families who have broken up because of substance abuse . The parent’s unwillingness to assist a student, though, will not solely be used for a dependency override.
What family circumstances means?
family circumstances: problems caused by unemployment, divorce, or some unusual family circumstances. a change in circumstances: You are obliged by law to notify the agency of any change in circumstances. Synonyms and related words.
Does fafsa take into account medical expenses?
The FAFSA form does not specifically ask about medical expenses . However, after submitting the FAFSA, you can request an adjustment to your financial aid package from each school. Your first step is to submit the FAFSA as you normally would, then contact schools’ financial aid offices directly.
What is your unmet financial need?
Unmet need is the amount that’s left to be paid after financial aid is awarded . It’s the amount that your student can actually afford to pay. ... The EFC can be combined with grants and scholarships — the best kind of awards to accept — as well as Federal Work-Study to get a total of $19,926 in financial aid.
What demonstrates financial need?
In simple terms, “demonstrated financial need” is the difference between the Cost of Attendance (COA) and your Expected Family Contribution (EFC) . This is the amount in financial aid you are eligible to receive to pay for college, based on the formula used to calculate your EFC.
Why is financial need so important for financial aid?
This is where financial aid comes to help. The COA takes your tuition, cost of supplies like books, room and board, and other school related expenses into account . This number is needed to determine just how much of a gap is between what your family can contribute and the actual cost of attendance.
