Application Section 2: Income & Expenses

• Enter gross income unless otherwise specified.

• For each Parent/Guardian, enter the Total Salary and Wages for the Prior Year.

  Tip: If a parent/guardian has multiple jobs, combine the salary and wages for all jobs.

• If you or any other listed parent or guardian are self-employed or owns at least 1% of a business, provide your Business information

• Enter gross income unless otherwise specified.

• This information can be edited or deleted at any time until the application is submitted.

• Select Rent, Own, or Neither regarding your primary residence.

• If you select Rent or Own, you will need to fill out the additional fields displayed.

• You may need to multiply monthly expenses by 12 to calculate some annual amounts.

• Have your recent mortgage and property tax statements available for your home's estimated value and remaining principal balance.

• If you own your home, enter your combined monthly principal and interest payment amounts in Monthly Mortgage. Use Previous Year Property Tax and Previous Year Home Insurance to report property tax and home insurance expenses.

• For the Type of Dwelling, select Multi if you own a property intended for multiple households.

• If you receive no additional monthly income, select No.

• If you receive monthly income for any of the following, select Yes and enter the monthly amount(s) in the spaces provided.

• Welfare/TANF

• Food Stamps

• Child Support

• Alimony

• Retirement/IRA

• Housing Allowance

• Miscellaneous (select all that apply for Miscellaneous income:)

  • Veterans Benefits

  • Foster Care

  • Other

• Social Security benefits for:

  • Parent/Guardian

  • Dependent

If you receive no additional annual income, select No.

If you receive additional annual income, select Yes then enter the annual amounts in the spaces provided for the following:

• Interest & Dividends

• Worker's Compensation

• Unemployment

• Miscellaneous: select all that apply for Miscellaneous annual income:

  • Capital Gains

  • Inheritance

  • Assistance from friends/relatives

  • Winnings

  • 1099-M

  • Other

• Select No if you do not have medical expenses for the current year and did not have medical expenses for the prior year.

• Select Yes if you have medical expenses for the current or had medical expenses for the prior year.

  • Enter amounts for any out-of-pocket Medical/Dental, Prescription Drug, and/or Prescription Eyewear expenses.

  • Include your portion of insurance premiums in the amounts entered.

  • For the current year amounts, combine an estimate of future medical expenses with any medical expenses you have already incurred for the current calendar year.

  • Employer coverage of your medical and dental insurance premiums:

    • Select All if your employer pays 100% of your insurance premiums.

    • Select Some if you and your employer both pay for your insurance premiums. For example, you pay $50 and your employer pays $100 per month for your medical insurance.

    • Select None if your employer does not offer insurance or if you are self-employed and pay your own insurance premiums. This is the most common response if you are self-employed.

• Select No if you do not pay child support or alimony to others.

• Select Yes for the applicable questions if you pay child support or alimony to others.

  • Enter the Estimated Annual Total where applicable.

• Select Yes if you have child care costs, such as daycare, before/after school care.

  • Enter the Estimated Annual Total for child care.

• Select Yes if you have Elderly care expenses, such as nursing home, assisted living facility, or in-home non-medical care.

  • Enter the Estimated Annual Total for elderly care.