<p>I need some help quick. I received a letter today from my university today stating that $2000 in grants is being taken away. They said that it had to do with some tax forms I sent in. We filled out the FAFSA and PROFILE correctly and legally(didn't try to hide anything). I've already sent in my enrollment deposit and declined other admissions(not like I could go anywhere else this late anyway). That $2000 was THE deciding factor. I liked both schools equally and this one was cheaper. Can this school even do this to me. I looked at the financial aid acceptance form and this isn't mentioned. Someone please help me.</p>
<p>It is not unusal for a school to adjust your FA package once they receive your tax information. My recommendation would be to contact the FA office to see what they can do to help you out</p>
<p>I agree with Sybbie. Call the college and speak to someone in the financial aid office. You can also go online and check your FAFSA to see if/what changes may have been made to reflect your tax information...and to see if your EFC changed. Yes, colleges can do this.</p>
<p>Whatever has been done to you can be undone. We just had a situation where the college "corrected" the FAFSA incorrectly and it was fixed. Everyone should check their FAFSA in the summer, in case the school decides to change it, which they the authority to do!</p>
<p>Thank you all for your help. I'm going to call them today and see whats up.</p>
<p>Did you fill out the FAFSA and Profile with estimated tax information, prior to filling in your tax forms? If so, they can adjust your FA package based on your actual tax records, now that you have filed them. They can and should do this, and this info is usually present on the school financial aid website. If this is not the case, then you definitely need some clarification as to why they are adjusting your aid.</p>
<p>No it wasn't estimated. My mom thinks is has to do with some inheritance. I'm calling the office today.</p>
<p>I had something similar happen but almost in August!! If it was June, I would of had time to take a breath. With us, we lost most of a grant, but I had sent in the new fafsa/tax forms 3 times. I faxed, mailed and almost brought some down in person because they kept losing them. As of July 1st thought everything was okay from the papers I received but they weren't based on the newest fafsa. Lesson learned, but in my case I'm not quite sure what I should of done differently, it was human error.
Ours was the same income, but I received a few thousand from a mistake a past employer made and since our car died, I used it as a down payment for a new used one. They had the papers showoing that, etc. but didn't care, it was income and although it was under 5,000, they took a 6000.00 grant away and his workstudy.
I'm still waiting to see if we "get it back" now that the income is steady and the same as last year...it will be interesting. At least his scholarship stayed, that is mostly solid.
I know how you feel, we didn't want to change anything at that late date and without the extra money, another college, Holy Cross would of been very close and an equal option.</p>
<p>Debruns, that sounds exactly like my situation. Guess I've got no choice. But as you said, maybe next year it will change back to normal.</p>
<p>lukeaa, I was told it would, but only verbally and to be honest, I doubt anyone would put that in writing. : ) We will prepare for it though either way, my son doesn't want to pay a lot of $ for a bachelors and with 2 more children on the way up, we can't either.
To be honest, the grant loss was the worst, but losing the workstudy in a school that didn't have a lot of jobs, was hard. The workstudy students came first and some of them were left without anything until the spring semester. Also his loan was changed to unsubsidized and that I will try to have changed.</p>
<p>Well I guess I should just consider myself lucky that all I lost was a little grant money. I hope your situation turns out better and good luck to your son.</p>