A college student's parent recently experienced a significant job loss, causing a substantial reduction in family income. Which action might a financial aid administrator take, utilizing Professional Judgment, to potentially adjust the student's financial aid eligibility?

The correct answer to the question "A college student's parent recently experienced a significant job loss, causing a substantial reduction in family income. Which action might a financial aid administrator take, utilizing Professional Judgment, to potentially adjust the student's financial aid eligibility?" is Option C: Adjust the Expected Family Contribution (EFC) or Student Aid Index (SAI) based on the new financial circumstances..

The other options — A) Automatically grant the student a full scholarship regardless of need., B) Change the student's dependency status from dependent to independent., D) Require the student to withdraw from all courses until the parent is re-employed. — are incorrect for this College Advising question. As explained above: Professional Judgment allows financial aid administrators to adjust data elements used in calculating the EFC/SAI or COA in special circumstances, such as job loss, to better reflect a family's true …