<p>I received my award letter in the mail from my college. Near the bottom of the letter, it states that, "Please note that we may modify your financial aid package due to future changes in your eligibility." It seems to be a statement they put on all the award letters they send out, but what would they use as criteria to modify it "in the future?" other than everything you provided to get financial aid in the first place, even after they say you are eligible now? In other words, how would they determine your future eligibility or what would be used to modify or change your future eligibility, even though i am eligible now? Are they referring to the 2012-2013 academic year, or something during the 2011-2012 year that i am already qualified for?</p>
<p>Number of small things. If you receive an outside scholarship, it may reduce the aid you receive. If you decide to live off campus, it can change your total cost of attendance and thus change your financial aid package. While attending, a severe drop in grades could warrant the removal of some aid (if the aid required you to maintain good grades).</p>
<p>Thank you so much for your answer. I am a pell grant recipient. What factors could change your pell grant amount that you have already qualified for before or during school?</p>
<p>A change in income would affect a Pell Grant (mistakes in transferring income information to the FAFSA if you are verified).</p>
<p>Could you explain what you mean?</p>
<p>Many students do not answer questions on the FAFSA correctly. Common mistakes include underreporting income, overreporting taxes paid, not reporting untaxed income such as making work pay credit, first time homeowner credit, untaxed payments to pensions, or IRA/KEOGH deductions. Other mistakes include incorrectly reporting the household size and/or number in college (such as including a parent who attends college in number in college, which is not allowed). Changes can make the EFC go up or down, making a student less eligible or sometimes more eligible for aid … and sometimes the changes don’t make a difference to the overall aid awards.</p>
<p>Of course, many students’ EFC’s remain exactly the same after verification as they were before. Therefore, the awards remain unchanged. Since they CAN change as a result of verification, the schools let you know that the possibility exists that they will be changed.</p>
<p>Thank you for your time, i just have one more question. On the fafsa, i put that i was going for an associates degree program, its question 30. I have since changed to a certificate program, its actually called a short certificate. I talked to my financial aid advisor and she told me i would still qualify for financial aid for the certificate program. Do i need to go back and edit my fafsa to say that its a certificate program on question 30 that im doing now, or should i just leave it alone? Will it affect my financial aid if I don’t change question 30 from associates degree to certificate?</p>
<p>You can just leave it alone. If the school needs to update it for some reason, they will (or if they need you to do it, they will let you know).</p>
<p>Thank you very much for your time!</p>