Income Reduction due to Family Hardship/Loss of Income
In advance of HEERF III Cares Act funding, this email was sent to all current and applicant students on July 25, 2021.
We understand that there may be circumstances that affect your ability to afford college, which may not be reflected on your initial financial aid application (FAFSA). Students and families managing a significant income reduction in 2021 compared to the 2019 income reported on your financial aid application may be eligible to file a 2021-22 Projected Year Income Reduction. If you or your family’s income has changed and you are facing financial hardships, you may wish to file for an income reduction to help us evaluate if you may be eligible for additional funding.
DEADLINE: Three weeks after the start of the semester. We encourage all students who have had significant changes to the household income to file the income reduction form as soon as possible.
EVALUATION PROCESS: Appeals are typically reviewed in 10-14 business days. Once the review is completed, you will be notified of the appeal status and provided a revised award letter if changes have been made to your original award package. If your appeal is denied, you will receive an email to notify you of the reason for the denial. Please note that students who have a zero Expected Family Contribution (EFC) on their current Student Aid Report, would not benefit from an Income Reduction since that zero is the lowest EFC number and you would have already been awarded the maximum amount of funds.
Students and families managing a significant income reduction in 2021 compared to the 2019 income reported on your financial aid application can begin the Income Reduction process by completing the Income Reduction form and providing all required documentation here.
If you are unsure if you or your family should complete the Income Reduction form, please feel free to reach out to the Student Financial Services office at 215-717-6170 or email us at email@example.com and a counselor will be in touch with you to go over your particular situation and help you through the process.