I think one of the schools will have to do the correction on the FAFSA for you on their end. Once the income is adjusted and the rollover subtracted, auto zero EFC should apply again I would think.
If the school can’t fix the FAFSA once for all schools, you will have to contact all of the schools and send documents about the rollover to each one.
@mommdc Apparently the rollover was never the issue. MIT FA Officer said there is no rollover included in income–there is nothing for them to change. When the FAFSA went to the original 4 schools everything was apparently fine…there seems to be no explanation for this. FAFSA says the SAR is fine and they have no errors reported on their end. There is no explanation and I guess there are no further options to pursue beyond waiting for the manual form to arrive.
Plug your numbers into an EFC calculator, making sure to remove the rollover amount. Does the current EFC look right? If not, do it without removing the rollover amount to see whether or not the rollover is still reflected in your EFC. It’s just wise to make sure for yourself!
You are going to have to submit verification info, and you are going to need to submit documentation of the rollover (this is a federal requirement). I suggest just making sure you watch for requests from the schools & comply with them. Don’t worry about the asset questions, since you can’t answer them, anyway. If the schools find that they need that info, they will ask for it when they verify.
I would not wait until May as the financial aid packages as they come out will most likely be wrong if the schools have the wrong EFC/SAR.
Make sure you check your spam file too as often messages from schools end up in spam. If a school is waiting for a response they might not process your child’s FA.