Income Reduction Review
An income reduction is relevant for undergraduate students only because graduate and professional students are not eligible for need-based federal aid. The income/tax information plays no role in your eligibility for Direct Unsubsidized/Direct Graduate PLUS loan aid.
The following procedure for income reduction review is as follows:
- The 2026-2027 FAFSA with valid 2024 Income/Tax Information must be on file in the UNMC Financial Aid Office before requesting the review. Our office will not consider income reduction reviews until a valid FAFSA with 2024 income/asset information is on file.
- Submit a written request by email to the Office of Financial Aid with the subject line: INCOME REDUCTION REVIEW. Provide a written explanation for the request. Our office will review the request and advise the student and/or parents of the appropriate documentation required for the income reduction review.
The undergraduate student or parents of a dependent student finalized a divorce in 2024 or 2025 and filed a joint 2024 tax return.
The student/parents must complete the 2026-2027 FAFSA using 2024 US IRS income/tax information from the joint tax return information before a review using 2025 income will be considered. A divorce decree will be required to consider the review. Reviews are not considered for the marital status of SEPARATED.
The parent/parents of an undergraduate dependent student lost a job or had a significant decrease in income for 2025, or the passing of a parent in 2024 or 2025 resulted in significant loss of income.
The student and parent(s) must complete the FAFSA with the 2024 US IRS income/tax information before a review using 2025 income will be considered.
The spouse of an undergraduate student lost a job or had a significant decrease in income in 2025, or the passing of a spouse in 2024 or 2025 resulted in significant loss of income.
The student/spouse must complete the 2026-2027 FAFSA with 2024 US IRS income/tax information before a review using 2025 income will be considered.