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Reduction in Parent or Student Income

Federal financial aid regulations specify that financial aid eligibility for 2018-2019 is based on income earned in 2016 – as reported on the 2018-2019 FAFSA. In some cases, like those listed below, you may request that we evaluate your need basis aid on an estimate of your 2017 income. Results from the 2018-2019 FAFSA must be on file with the Office of Financial Aid Office for your appeal to be considered.

Circumstances that warrant this type of Appeals

• Reduction in income due to change in employment or loss of a source of income
• Divorce or Separation
• Unemployment
• Death of parent (or student spouse)
• Other

Types of Documentation Required

In all cases:
• Appeal Review Request Form
• ULV requires that all appeals based on a change in income have FAFSA income confirmed by parent and/or student updating FAFSA income with IRS federal tax data using the IRS Data Retrieval Process or submitting an IRS tax transcript to the Office of Financial Aid

Documentation specific to circumstances

• Letter of termination from employment, layoff notice, final paystub showing year-to-date earnings, documentation of unemployment benefits expected or currently receiving
• Documentation of new employer and current paystub
• Copy of divorce decree or notice of filing for legal separation
• Copy of Death Certificate
• Other documentation based on circumstances
• Copy of 2016 Federal Tax transcript/w-2 or other 2016 tax documentation as requested by the Office of Financial Aid