What should students do if they encounter a change in financial circumstances after submitting the FAFSA?

Study for the NASFAA Student Eligibility Test. Use flashcards and multiple choice questions, with explanations and tips for better understanding. Prepare effectively for your exam!

When a student encounters a change in financial circumstances after submitting the FAFSA, the most appropriate action is to contact the financial aid office to discuss a possible reassessment of eligibility. This process allows students to communicate their unique situation, which can include job loss, reduced income, increased medical expenses, or other significant changes.

The financial aid office is equipped to review the updated information and determine if it warrants an adjustment to the student's financial aid package. This reassessment can lead to increased aid eligibility or the need for different types of financial support that better align with their new circumstances.

Maintaining an active dialogue with the financial aid office ensures that students have access to the resources they need to support their education, reflecting any changes that impact their ability to pay for college. This course of action is crucial for ensuring that students receive the maximum financial support available to them according to their current financial situation.

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