ERIC Number: ED303057
Record Type: RIE
Publication Date: 1987-Nov
Reference Count: N/A
Professional Judgment in Need Analysis. NASFAA Monograph Series Number VII.
National Association of Student Financial Aid Administrators, Washington, DC.
The application of professional judgment in reviewing and, if necessary, adjusting the results of need analyses in student financial aid is discussed. Specifically, guidelines and alternatives are provided that may be exercised in determining a family's reasonable ability to provide for postsecondary educational expenses. The following topics are discussed: the purpose of need analysis budgets, financial need calculations, situations requiring professional judgment); deciding whether adjustments are needed (documentation and tools, including need analysis and income tax returns); reviewing data used in need analysis (personal data, dependency, demographics, expectation of family support, parents' information and income, allowances against income, parents' assets, parents' contribution, dependent students' income and assets); independent students (taxable income, estimated income, untaxed income and benefits, and assets); and children of divorced or separated parents (calculating the family contribution, alimony and child support). Contains 17 references. (KM)
Descriptors: Administrator Responsibility, College Students, Decision Making, Eligibility, Family Financial Resources, Family Income, Financial Aid Applicants, Financial Needs, Need Analysis (Student Financial Aid), Parent Financial Contribution, Postsecondary Education, Professional Autonomy, Self Supporting Students, Student Financial Aid
National Association of Student Financial Aid Administrators, 1776 Massachusetts Ave., N.W., Suite 100, Washington, DC 20036.
Publication Type: Information Analyses; Guides - Non-Classroom
Education Level: N/A
Authoring Institution: National Association of Student Financial Aid Administrators, Washington, DC.
Note: Prepared by the NASFAA Need Analysis Standards Committee.