FAFSA & impact of employment expense allowance?

Paying for College
1

<p>My husband has completed but not filed our and our daughter's taxes and done the same with the FAFSA. Last night we began to work on the 2010 EFC Formula Worksheets.</p>

<p>During 2009 we closed our business, I had furlough days and my husband qualifies as a dislocated worker. Although he has not worked since the end of April, will we receive the two working parents allowance of 35% of the lesser income?</p>

<p>We will double check everything, however, without this allowance it appears she will not be Pell eligible.</p>

<p>For the last two academic years my daughter has been Pell eligible, though a letter of special circumstances was needed this year. Because our income had dropped, we expected she would be Pell eligible for the upcoming year. </p>

<p>Thank you, as always, for the help this board offers.</p>

2

<p>His income from work through April will still be factored into the equation. The ONLY thing dislocated worker status does is allow the Simple Needs or Auto 0 formula to be applied (which ignores assets) if income thresholds are met.</p>

3

<p>kelsmom, thank you. We submitted and the EFC worked out to be exactly what our math indicated for Pell-eligiblility. After 2009, I am always doing the worst case scenario math. Thank you!</p>