Online Degrees Online Programs Online Courses Online Colleges Campus Programs eLearners Advisor Student Resources Blogs & Forums
Welcome to Online Education and Distance Learning Discussion Forums & Blogs Sign in | Join | Help
College search for 1000+ online degrees, online colleges & online universities

Online Education Blogs

Distance Learning Discussion Forums

Search Blogs & Forums

Financial Aid Answers - presented by eLearners.com

It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help you understand and locate the financial aid you need to earn your online degree.

It's a New Year for Special Circumstances

Did you submit some type of appeal for your financial aid office for your 2007-08 financial aid? If so, you most likely will be required to submit a new appeal for 2008-09 if your special consideration still applies.  

What are appeals? In a blog several months ago I wrote about special circumstances such as daycare costs, loss of employment or income, medical expenses, etc. These are all special circumstances that are not reported on the FAFSA. Schools cannot automatically carry appeals forward since information may have changed from academic year to academic year and calendar year to calendar year.

Let's take a look at a few special circumstances and why you would have to appeal again, even if nothing's changed:

  • Loss of employment. If you lost your job in 2006 and requested an appeal of special circumstance for 2007-08, the school could have looked at your estimated 2007 income. You may have reported unemployment compensation as estimated income in 2007, but at some point in the same year you ran out of eligibility. On the 2008-09 FAFSA you have to report the 2007 unemployment compensation as income, but since you're still out of work and no longer getting unemployment income in 2008, you can request another appeal based on your loss of unemployment benefits.  
  • Medical costs: Your school looked at your 2006 federal tax return Schedule A, which itemized medical expenses in 2006. The school cannot assume you had these same expenses in 2007, and will not automatically consider medical expenses as a special circumstance for 2008-09. If you did still have medical expenses that you paid in 2007, you will need to contact your school's financial aid office to request a special review.
  • Daycare expenses: Your school has the option to use actual daycare expenses that you paid, or use a standard rate determined by reviewing child care expenses in your area. While you probably will still pay for daycare expenses in 2008-09, your costs could increase. Or, on the other hand, your child may be of age where daycare is no longer needed.

These are only a few examples of special considerations. If you submitted an appeal for 2007-08 and your situation still applies, do not assume the school will change your financial aid eligibility automatically for 2008-09. You will need to contact your school for assistance. Remember, the school has the right to approve or deny all special circumstance requests.

 

Add to:                     
Published Tuesday, January 08, 2008 9:06 AM by ter
Filed under:

Comments

No Comments
Anonymous comments are disabled

About ter

I have been a financial aid advisor for nearly 25 years now! Time really does fly. Like other e-learners, I acquired my Bachelor of Arts degree and my Master of Science degree while working full time and raising a family. My coursework consisted of classroom instruction, online and independent study courses, and weekend classes.

I began in financial aid as a secretary, and have worked my way to senior level financial aid advisor at a public four year college in the Midwest. When I began in 1984, we did not have computers, so I have seen the evolution of technology and its impact on education and financial aid.

My husband and I have four children in our household. My daughter and stepson are both in college. My son and stepdaughter are high school freshman.

I look forward to being a part of eLearners.com and given the chance to educate students, especially “non-traditional” students, on the ins-and-outs of financial aid. It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help.

Student Loans and Financial Aid for Online Degrees

Worried about how to pay for your online degree? Get helpful information about student loans and financial aid for distance learners, find and compare student loans, and much more.

ter

I have been a financial aid advisor for nearly 25 years now! Time really does fly. Like other e-learners, I acquired my Bachelor of Arts degree and my Master of Science degree while working full time and raising a family. My coursework consisted of classroom instruction, online and independent study courses, and weekend classes.

I began in financial aid as a secretary, and have worked my way to senior level financial aid advisor at a public four year college in the Midwest. When I began in 1984, we did not have computers, so I have seen the evolution of technology and its impact on education and financial aid.

My husband and I have four children in our household. My daughter and stepson are both in college. My son and stepdaughter are high school freshman.

I look forward to being a part of eLearners.com and given the chance to educate students, especially “non-traditional” students, on the ins-and-outs of financial aid. It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help.

This Blog

Post Calendar

<January 2008>
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
3456789

Syndication