The timing of child support (and alimony) payments to the custodial parent should be considered. These payments could either be prepaid or deferred in order not to be included in
The parent reduced income $5,000 by timing receipt of child support payments. Since the parents income was assessed at 47% the income reduction may increase the childs financial aid eligibility by $2,350 ($5,000 x 47%).
If you are in a financial aid income assessment rate of 47%, you could increase your financial aid eligibility up to $470 for every $1,000 of income reduction by timing receipt of child support payments.