REDUCED INCOME FORM 2016-2017 STUDENT’S LEGAL NAME______________________________________________________ STUDENT I.D. NUMBER____________________________________DATE________________ To be completed by student/spouse, or parent that expects a substantial change in income from 2015 to 2016. Typically, we start reviewing these forms in August, in the order received, as other processing commitments allow. We cannot guarantee that all forms will be reviewed prior to the start of the academic year. NOTE: Adjustments in financial aid due to changes in farm and/or business income will not be considered until after 2016 federal tax returns are available to verify this often unpredictable income. Complete all steps. Submit directly to the Financial Aid Office at UW-Green Bay with documentation as noted. 1) If you have not already done so, submit a copy of your 2015 Tax Return Transcript. YOU MUST OBTAIN THIS FORM DIRECTLY FROM THE IRS. To request a Tax Return Transcript from the IRS for tax year 2015, contact the IRS at 1-800-908-9946 or www.irs.gov/Individuals/Get-Transcript. As an alternative, you may use the IRS Data Retrieval Tool on the FAFSA to validate the income information submitted on the FAFSA. Failure to provide this information will result in a delay of processing. 2) Provide an explanation of income changes (i.e. why is your income changing?), or attach a separate letter of explanation of the changes: 3) Provide a Summary of Anticipated 2016 Income for household members (provide calculations on the back): ANTICIPATED INCOME FROM 1/1/2016 TO 12/31/2016 PARENT 1 Wages, salaries, tips (including severance pay, disability payments and any other income from work) Other taxable income (unemployment compensation, interest/dividend income, etc.) List type of income on the back of this form. Child support received Other untaxed income (payments to tax deferred pension/savings plans, workers compensation, etc.) List type of income on the back of this form. TOTAL ANTICIPATED INCOME for 2016 over PARENT 2 STUDENT SPOUSE Student ID #__________________ 4) Show us how you determined 2016 estimated income for each household member: Person (a) is, Name , relationship to student . Gross Year to Date wages/salary/tips per pay stub(s). Covers 1/1/2016 to ___________ = Anticipated wages/salary/tips. Covers ____________________ to 12/31/2016. $ _______ per (circle one) week/month x _____number of (circle one) weeks/months = $_____________ $_____________ Unemployment Compensation $_______per week x ____number of weeks received in 2016 = $_____________ Person (b) is, Name , relationship to student . Gross Year to Date wages/salary/tips per pay stub(s). Covers 1/1/2016 to ____________ = Anticipated wages/salary/tips. Covers ____________________ to 12/31/2016. $ _______ per (circle one) week/month x _____number of (circle one) weeks/months = $_____________ $_____________ Unemployment Compensation $_______per week x ____number of weeks received in 2016 = $_____________ Person (c) is, Name , relationship to student . Gross Year to Date wages/salary/tips per pay stub(s). Covers 1/1/2016 to ____________ = Anticipated wages/salary/tips. Covers____________________ to 12/31/2016. $ _______ per (circle one) week/month x _______number of (circle one) weeks/months = $_____________ $_____________ Unemployment Compensation $_______per week x ____number of weeks received in 2016 = $_____________ Other Income Sources (list types, amounts and person receiving income) _______________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ 5) Provide documentation to support your explanation for income change. This could include a letter of severance (showing last day of work) from prior employer, copy of death certificate, copy of legal documents showing end to child support, etc. depending on your circumstances. 6) Provide documentation to support estimate of income for 2016. This may include unemployment compensation statement, copies of pay stubs (last one from each job worked in 2016), and/or copies of other income/benefit statements as applicable. 7) LEGAL SIGNATURES (of student and others completing this form). The income noted on this form is estimated to the best of my/our ability. Student________________________________________ Spouse______________________________________ Parent 1_________________________________ Parent 2_______________________________ Parent Email Address________________________________________________________________________ Return this form and documents to: If you have any questions: University of Wisconsin Green Bay Financial Aid Office 2420 Nicolet Drive, SS1100 Green Bay, WI 54311-7001 Call: 920-465-2075 Fax: 920-465-2299 Do not e-mail documents with social security numbers.