Q: We will recieve a severance package for 10 months in 2 payments. I am a full-time student. What do I do about my financial aid? I did not get Pell grants in the past. Will we qualify for FIA? Foodstamps? WIC (I have a 2yr old)? We have 6 kids at home. How does the severance package work?
A: You need to talk to the financial aid office and appeal your fafsa. They go by last years income, but since this years will not be the same you muct appeal it. I had to do this because I was making $20,000/yr and a dependent but the next year I switched to a independent on welfare, so I had to definetly change it or I wasn't going to any financial aid. I don't know how much the severence package is, but heres a food stamp calculator to find out: http://www.foodstamphelp.org/document.2005-05-28.4584582816 and heres wic income limits: http://www.fns.usda.gov/wic/howtoapply/incomeguidelines.htm You guys can make up to 65,860/yr and still qualify, as long as the kids ar eunder 6 yrs