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Roundtable Discussion
Profession Judgement Roundtable Discussion
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PPY How is everyone else handling income adjustments for PPY?
Are you only adjusting for 2016 income? Are you making them wait for W-2s to be issued to document from? Are you allowing them to estimate 2017 income if there is an employment change in late 2016/early 2017? Will you have a separate form for 2016 income vs income? *Submitted by Ed Lane Assistant Director of Financial Aid York College of Pennsylvania
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PPY-AGAIN! If a student completes a FAFSA for 16/17 academic year and an income reduction is performed would it not make sense to repeat the income reduction for the 17/18 academic year—since the FAFSA in both years is based on the 2015 taxes? Or, shall we ask for the 2016 tax return if a student is asking us to repeat the income reduction to validate the reduction a 2nd time? *Submitted by Anne Falk Financial Aid Director South Hills School of Business and Technology
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Time of Filing Question
In my mind, I am very nervous about seeing ISIRs that have the exact same amount of cash, checking and savings and investments. Our families are hearing the message that they can use the "same tax information" but not hearing the message that the asset information is as of the filing date. *Submitted on Finaid Listserve
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Estimated Tax-Verification
Does your financial aid office have a policy to institutionally select students with estimated tax data for student and/or parent? If so, in brief what is your policy? Do you select all students with estimated tax data or only those in Pell range? Has your policy/procedure changed in regard to 1617 students with estimated tax data in light of the 1718 comment code 399 review? *Submitted on Finaid Listserve
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