<p>My Expected Family Contribution (EFC) when my family first filed for FAFSA was 18K per year. After filing, my father passed away, drastically reducing our yearly income. I was told that the schools would re-calculate our family's need and EFC. However, I just got an email from FAFSA saying my report had been revised. My family's EFC is now just over 3K a year-a difference of almost 15K. I have ONE WEEK to choose a college, and my first choice, Ithaca, was initially rejected because they could not offer enough financial assistance. I recieved all of their need-based grant but no scholarship grants. I think this would qualify me for much more pell grant from FAFSA and more need-based aid/scholarships, but will schools re-calculate this close to deadline? Help!</p>
<p>Unlikely they will revise their aid packages in the next week, so I'd give the top couple colleges FnAid depts a phone call and explain the situation, and see what each can do.</p>
<p>Your aid packages will likely increase for each of the colleges-- but remember that that your financial need increased as well.</p>
<p>Contact the schools you are most interested in and formally ask for an extension on making your decision and explain the circumstances. I would try to get this in writing so there is no question. Then deal with the FA.</p>
<p>CD has it right, there are procedures for handling this situation. Worse case scenario is you can double or triple deposit at your top choices if they do not extend. A lot of people have problems with this from an ethical pov but it would seem justified if you cannot get an extension.</p>
<p>you definitely have a unique and compelling situation and I think that if you contact the FA offices and ask for an extension that will be your best strategy. Keep in mind that much of the institutional aid for this year has already been allocated -- so next year's FA package may be better</p>
<p>OP,
My point is to make sure you get the extension cleared with Admissions (get the name of the person you speak with, or better yet, a confirming email). Admissions folks don't always talk to FA -- you don't want to be in the situation where Admissions thinks you're not coming and FA is putting together a better package for you.</p>
<p>I wouldn't double deposit -- better to get on the phone and let them know what your situation is.</p>