So the financial aid we got in December for accepted early decision applicants was estimated right? And dependent on 2014 tax returns? Because we just filed our taxes and my parents made $7000 less this year. What are the chances that my financial aid offer will go up?
My opinion is, It must have be an estimate only because it was based on 2013/14 data. The wouldn’t require a 2015 fafsa and 2014 income tax statements if they weren’t going to recalculate.
Yes. They recalculate with this year’s correct numbers and your aid award is likely to change.
I guess it would depend what percentage that $7K is…is it 15% or 10% or even 5% of total income? If its’ a 5% difference, my best guess is chances are that there would be little change.