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  Newark Undergraduate Catalog 2003-2005 General Information Financial Aid Change in Financial Resources  

Changes in Financial Resources

Changes may occur in a family`s situation throughout the year. Therefore, students may wish to appeal their financial aid award. This may be done by submitting a detailed letter along with supporting documents to the Office of Financial Aid or by requesting an appointment with an aid counselor. It is university and federal policy that students cannot receive assistance in excess of their calculated financial need. For a detailed copy of the financial aid appeal procedure, contact the Office of Financial Aid.

If unusual situations occur, such as loss of employment, death or incapacitation of a wage earner, or loss of some form of untaxed income, the Office of Financial Aid provides professional advice on how forms can be reprocessed with the state and federal governments. Students are encouraged to make an appointment with a counselor to discuss their situation in detail.

Students are also required to report all changes in financial resources (unreported financial aid, employment, or other assistance) to their campus Office of Financial Aid as soon as they have knowledge of the change. Changes in such areas as an increase or decrease in family size and number of household members attending college need to be promptly reported. This information is used in both federal and state formulas for determining need, which in turn determines aid eligibility. Failure to report this information can jeopardize continuation of all assistance.


 
For additional information, contact RU-info at 732/932-info (4636) or colonel.henry@rutgers.edu.
Comments and corrections to: Campus Information Services.

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