Professional judgment in ppy/eii world

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Presentation transcript:

Professional judgment in ppy/eii world Iasfaa 2017

The day the world changed October 1, 2016: FAFSA was available and started using early income information 2018-19 FAFSA will be using 2016 tax information

Changes in income Special conditions? special circumstances? What do you call it?

timelines When is it available? Where is it available? Turn around time for decision

documentation What year are you looking at? Additional documents besides verification documents?

Other changes Children Marriage or divorce Retirement withdrawals

Example: Bruce Single student 2015: AGI $40,000 May 2016: fired from job (Jan-may income $18,000) May 2016-current: working part-time making $200 per week- No other income How would you calculate?