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Professional Judgment Worksheet for New Freshmen Academic Year 2016-2017 Office of Financial Aid 25 West Fourth Street New York, NY 10012-1119 P: 212-998-4444 F: 212-995-4661 financial. Aid NYU.edu
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Point by point, here's how to fill out a professional judgment worksheet:

01
Start by gathering all the necessary financial documents. This may include tax returns, W-2 forms, bank statements, and any other relevant income or asset information.
02
Review the instructions provided with the professional judgment worksheet. Make sure you understand what information is required and how to properly fill out each section.
03
Begin by entering your personal information, including your name, address, and contact details. Provide any additional information requested, such as your Social Security number or student ID number.
04
Move on to the income section of the worksheet. List all sources of income you receive, both taxable and nontaxable. This may include wages, salaries, tips, rental income, or benefits. Provide accurate amounts and ensure all income is accounted for.
05
Next, detail your expenses. Include any recurring monthly expenses such as rent or mortgage payments, utilities, transportation costs, and insurance premiums. Don't forget to include other financial obligations such as childcare expenses or medical costs.
06
If you have any assets, such as savings accounts, investments, or property, disclose them in the appropriate section. Provide accurate values and descriptions of these assets.
07
If you have any liabilities, such as outstanding loans or credit card debt, include them as well. Be transparent about your financial obligations.
08
Check if there is a section for documenting any special circumstances or additional information. If there is, provide a clear and concise explanation of the situation. This could include sudden loss of income, medical expenses, or other unique circumstances that may impact your financial situation.
09
Complete any additional sections on the worksheet as required. These may include questions about your household size, number of dependents, or other pertinent information.
10
Review the completed worksheet for accuracy and completeness. Ensure that all information provided is truthful and up to date.

Who needs a professional judgment worksheet?

A professional judgment worksheet is typically required by students or their parents who are seeking financial aid or applying for student loans. It is used to assess the financial need of the student and determine if any adjustments can be made to the standard financial aid package. The worksheet allows the financial aid office to gather more detailed information about the student's financial situation, taking into account any special circumstances or expenses that may not have been considered initially.
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Professional judgment worksheet is used by financial aid offices to make adjustments to a student's financial aid package based on special circumstances.
Students who have experienced significant changes in their financial situation and need to request adjustments to their financial aid package.
Students need to provide supporting documentation of their special circumstances, such as loss of income or medical expenses, and submit a request to their financial aid office.
The purpose of professional judgment worksheet is to ensure that students receive the financial aid they need to continue their education, even when facing unforeseen financial challenges.
Students must report their special circumstances, provide supporting documentation, and explain how these circumstances have affected their ability to pay for college expenses.
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