<p>I/we have filed fafsa . Word came end of lastweek husband/Dad will lose job in SeptembER .Is there extra paperwork that can be filled out to explain this? Do we write letters ? Any input..tHANKS</p>
<p>we experienced this my D freshman year.( after 9/11)
The difference was we didn't have 7 months warning to preplan.
We did have some savings built up for emergencies- but not as much as we should have.:(
She also had already started at her college- we didn't have a chance to warn colleges, so we could compare if the different finaid offers would change.</p>
<p>So...assuming you have strategy to manage change in finances, starting yesterday, by cutting expenses, and finding alternate income * another job*,I would call the colleges directly and send a letter as well. You might ask for what their strategy will be once the income is actually reduced as it will help plan for which college is most affordable.</p>
<p>It isn't going to change your current EFC, as that is determined by * last years* income, but depending on the school, they may adjust the students package, once the drop in income actually occurs.</p>
<p>(Ds college wasnt her ED school- they met 100%of need, with grants, subsidized loans and work study.After 9/11 we alerted school, when pay stub actually showed reduced income and he had received pink slip, we sent them a copy of that. Then they increased the grant to something more affordable.)</p>