300 Jay Street
Namm Hall, Room NG-13
Brooklyn, NY 11201
|FAFSA: 002696||TAP: 1405|
During the academic year, you and your family may experience a change in your financial situation, or you and your family may have unusual circumstances that have resulted in a reduction of your or your family's income that is considerably less than what was reported on the FAFSA. If so, you are encouraged to apply for an Income Adjustment. Circumstance that warrant special consideration include: unemployment or change of employment; divorce or separation after applying for Federal student aid; death of parent or student's spouse after applying for Federal student aid; disability of student or parent or student's spouse; loss of job due to a disability or natural disaster; one–time income, such as an inheritance or IRA or pension distribution; loss of unemployment compensation or some other untaxed income or benefit; and unusual expenses not reflected on the FAFSA, i.e. unusual medical or dental expenses not covered by insurance, extended family support or dependent care expenses.
Through the Income Adjustment, a financial aid counselor will review your financial aid application and make adjustments that more closely reflect your individual circumstances. It is your responsibility to notify the Office of Financial Aid of any special or unusual circumstances or changes in your financial status that may affect your ability to pay for college.
Carefully read and follow the steps below.
Complete and sign the 2017-2018 Verification Worksheet and bring in appropriate 2015 income documents, i.e. the 2015 IRS Tax Return Transcript and all W-2 forms and 1099 statements for year 2015. You can call the IRS to request these tax documents by at 1-800-908-9946 or you can order them online by visiting www.irs.gov.
For the appointment, you will need the Income Adjustment Request Form due to Special Circumstances or the Unusual Expenses form. The form must be completed and signed. Please make sure you give a detailed explanation of the change in your situation, give the date of the change, and explain the anticipated income for the period of reference. And finally, it is most important to come to the appointment, with the supporting documentation, to explain your new circumstance. On the forms, the appropriate documentation for your individual circumstance is listed. We strongly suggest that you bring the documentation needed. Most times, follow up appointments and additional documentation are required to complete the adjustment in your income data. Please come well prepared for the appointment.
PLEASE NOTE: SUBMISSION DEADLINES FOR THE 2017-2018 ACADEMIC YEAR INCOME ADJUSTMENTS AND ALL SUPPORTING DOCUMENTATION ARE AS FOLLOWS: