Financial Aid Dilemma? Help please!

<p>Currently, both of my parents work, and make about 90k a year (dad: 55k, mom: 35k), to support a 4 person household. This is the basic picture that will be shown on the FAFSA/CSS profile, because our tax returns from last year and this year will reflect the 90k income.</p>

<p>The problem: Next September, just as I will be starting my first year of college, my family will be moving to Ohio, because my dad is getting transferred to a new job. He's recieving the same pay/benefits as he does now from his new job (it should be relatively stable: he's working in a research lab at a university). However, my mom will have to give up her job and will probably not be able to find a new one anytime soon. That brings down the household income from 90k to 50k. </p>

<p>My question: The FAFSA/CSS profiles I'll be turning into my colleges will reflect our 90k income, and I will recieve financial aid according to that. But when it comes time to actually pay the bill for my first year of college, my family will only be getting 50k a year. not happy! </p>

<p>Should I fill out the FAFSA and other forms with our current income and assets (and contact the colleges about the situation)? Or should I fill it out with the hypothetical income for next year?</p>

<p>when you fill out the FAFSA PROFILE for the 2006-2007 year- you will be using tax data from 2005.
You cant fill FAFSA out until Jan 1st 2006
You must fill it out with the info you have
You can't guess as to what might happen.
Once your situation has changed you can submit that data to the school and most schools will adjust your aid</p>