While these schools also use the FAFSA to provide aid from the government, the CSS Profile is used by these specific colleges to give out grants, scholarships, and loans directly. In addition, the CSS Profile more closely examines a family's financial situation in order to award aid to students with the most financial need.
Prior to filling out the CSS Profile, it might be helpful to read this article. However, on December 14, , The College Board announced that "starting in fall , CSS Profile will also allow an unlimited number of CSS Profile applications for first-time, domestic college applicants who take the SAT with a fee waiver or meet income-eligibility criteria.
Understanding the Financial Aid Application Steps. Double-check with each college you're planning or have applied with to see if you need to submit any additional paperwork.
How the Financial Aid Process Works. Rather, your EFC is a government formula that provides colleges with an indication of what you might be able to afford. Keep a copy of the SAR for your records. The College Board further clarifies that "the FM Federal Method is used to calculate the student's eligibility for federal aid, such as Pell Grants, and most types of state aid. It's used by most public universities. Many private colleges and scholarship programs, and some public universities use the IM Institutional Method to determine the student's eligibility for their own grant funds.
The cost of attendance is a combination of tuition, room and board, books, travel, and personal expenses. Let's understand these numbers a little better. Now, each of these schools can decide how it might help with financial need using the school's financial aid.
Below shows each potential scenario. However, if you have not yet done so, you should fill it out as soon as possible. Many colleges and universities have financial aid application deadlines throughout the months of January and February. Go directly to the schools' website to learn their financial aid deadlines.
The U. Department of Education's website has a list of student aid deadlines by state. While some say "as soon as possible after October 1st," most others have specific dates, which could be as early as mid-January. Sign in. Sign up. Most schools also use it to determine eligibility for non-federal aid. College application season is a laugh riot, amiright? Keep reading for all the juicy details. Bank statements for any financial accounts, including savings, checking and investment accounts, and real estate except your primary residence.
What is a CSS profile? The student is an orphan or ward of the court, under 24 years old. When to fill out a CSS profile Applications open at cssprofile. Most recently completed tax returns. W-2s or s for the current year. This means that submitting the CSS Profile does not impact your federal financial aid, including the expected family contribution the estimated amount your family can afford to contribute toward education costs.
For the school year, both applications open Oct. File the FAFSA as close to the start date as possible to improve your likelihood of getting the most grant, scholarship and work-study aid. For example, for the school year, the deadline is June 30, The CSS Profile deadline is different for each school.
But you should submit the application no later than two weeks before the earliest deadline. You must also submit the CSS Profile each year, if the application is accepted by the school you attend.
Any student who is a U. The CSS Profile is available to citizens as well as international student applicants. Grants, scholarships and work-study do not need to be repaid, but federal student loans do. You could also complete a PDF online, then print and send by mail. You can submit the CSS Profile only online.
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