2013-2014 ADJUSTMENT TO HOUSING STATUS - Financial Aid-2025

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The good news is that you can generally use financial aid to help cover your off-campus housing costs. Just make sure to understand the disbursement process, budget your funds carefully, and docHub out to your financial aid office with questions.
The FAFSA requests income and tax information from prior prior year information (always two years prior). For the 2023-24 FAFSA, 2021 income and tax information is used.
Medical, dental, or nursing home expenses not covered by insurance; Child or dependent care expenses; Severe disability of the student or other member of the students household; and. Other changes or adjustments that impact the students costs or ability to pay for college.
FAFSA 2 Year Lookback FAFSA looks back 2 years to determine what your income will be for the upcoming school year. For example, if your child is going to be a freshman in college in the fall of 2020, you will report your 2018 income on the FAFSA application.
The year your high school student transitions from being a junior to a senior is called the base year. The base year is of most interest to the colleges when determining financial-aid eligibility and represents the tax year asked about for both parent and student income on the FAFSA and PROFILE forms.
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Your financial aid award might be used to pay the school directly for your room and board (housing and meal plan). Streamlined Payment: You might not receive a separate allocation for housing in your financial aid award. The school may automatically deduct your financial aid towards your housing bill.
The FAFSA requests family income information from two years prior. This allows the FAFSA to use the FUTURE Act Direct Data Exchange (FA-DDX), a resource that quickly pulls in tax information and makes completing the FAFSA much simpler.
How Far Back Does FAFSA Look at Income? The FAFSA requires applicants to report two years of family income. For example, a student planning to enroll in college during the 20242025 award year would provide family income data from the 2022 tax year.

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