<p>i recnetly recieved a grant from vanderbilt for about 30k per year. so stoked. but i know that my grant is contngent on my parents tax forms and W2 forms. I am not filing taxes. my parents are about to send in their tax returns and the majority of info on the fafsa and css profile is the same or very close to that of my parents tax returns. the only thing is that our adjusting gross income is about 10k higher. I am worried that this could decrease the amount of aid i get, but i dont know how much? the increase in income comes soley from my parents retirment investments and my fahters income is actually about 50% of what it said on fafsa and the rpofile. vandy gave me the best aid by FAR and its my numero uno. im just worried. any thoughts?</p>
<p>Financial aid is nearly always based very heavily on that total income figure. So yes, it it goes up from what was initially reported, your award will be adjusted accordingly. If you want to know by how much, use an on line calculator and recompute the new numbers. It doesn’t matter if the income is your father’s pay, or from investments or from withdrawal of retirement assets. It’s that total end figure that counts.</p>