Css financial aid profile
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Css financial aid profile
- 1. What you need to know about the CSS/Financial Aid PROFILE® Celebrating 30 years of Excellence Planning, Saving & Paying for College 1 The CSS/Financial Aid PROFILE® is a registered trademark of the College Board
- 2. 2 What is the CSS / Financial Aid PROFILE®? • College Board’s online financial aid application • Required by almost 400 colleges/universities and scholarship programs • Used to award non-federal financial aid funds • Opens October 1st each year
- 3. 3 Why Do Institutions Use the PROFILE®? • It collects more detailed information than the FAFSA • It permits families to write in special circumstances • It allows schools to ask customized questions • It provides schools applicant information earlier in the year
- 4. Start Here: student.collegeboard.org/css-financial-aid-profile Select correct year List of colleges Create College Board account
- 5. 5 Registration Tips • You must complete registration in one sitting • Filling in the option SSN field will help colleges keep track of your application • Use an email address that both parent and student can access, as financial aid offices will use that email address to contact you • Be prepared to list your colleges – though you can add more later • You’ll receive a CSS ID – save it • The Customized Pre-Application Worksheet will provide a preview of the PROFILE® questions
- 6. 6 Application Process: General Tips • Click “Save & Exit” anytime – you can revisit and complete later • You cannot leave numeric questions blank – you must enter a zero • Estimate income figures if taxes are not completed. Having last year’s tax return (2013) will help you answer questions. • “Print/Review Application” anytime to view your answers • “Add/Remove Colleges” anytime during the application process
- 7. 7 What will the PROFILE® ask for? • Parent Income and Assets • Assets include primary home, investments, & businesses • Student Income and Assets • Parent Expenses • Including medical, school tuition, & education loan repayments • Household Members and Number of Children in College • Expected Scholarships and Employee Tuition Benefits
- 8. The Noncustodial PROFILE (NCP) • An additional application for families with divorced/separated parents • Completed by the noncustodial parent (defined as the parent who the 8 student lives with the least) and that parent’s current spouse • Only required by certain schools (check with the financial aid office) • Requests the same information as collected from the custodial parent • The link to the online form is sent to the student upon completion of registration
- 9. 9 PROFILE ® Fees • $25 for the application and the first college • $16 for each additional college • Payment options: Credit card or debit card • Noncustodial PROFILE: $25 one-time fee
- 10. 10 Submitting the PROFILE® • Once submitted, you cannot make online edits • You’ll be able to print the PROFILE® Acknowledgment – Summarizes the information reported – Lists each’s schools additional requirements – Edit the form by hand if needed & send to colleges • Select “Add Colleges to Submitted Application” anytime after submission • “Check Status” provides date sent to each school
- 11. 11 Customer Service • Phone: (305) 829-9793 • Email: help@cssprofile.org • “Contact Us” button: provides phone & email • “Help Desk” button: FAQs, English & Spanish Glossary, Tips • 2015-16 PROFILE® Student Guide on PROFILE® homepage
- 12. 12 Need more PROFILE ® Help? • Attend a MEFA PROFILE ® Webinar – Oct 8th, 9th, and 10th at noon – Visit Events tab on MEFA.org/seniors to register • Sign up for MEFA emails for more PROFILE® tips – Visit MEFA.org to sign up
Editor's Notes
- Please type your questions into the GoToWebinar control panel – all questions will be addressed at the end Webinar will be recorded and posted to mefa.org/seniors Additional webinars and RSVP links on mefa.org/seniors under Events College Financing webinar: Wed, Dec 4th Sign up for a College Financing seminar! On mefa.org/seniors: Find a Seminar We’ll send a follow-up email to this webinar with the slides
- Not connected to the FAFSA at all – totally separate form – FAFSA is for federal/state funds Full list of schools on the PROFILE site – link shown on the next slide Does not have to be submitted early (before the FAFSA) unless required earlier (like for Early Decision). Should submit it 2 weeks before the earliest priority deadline. Customized to student – skip logic – more questions are possible based on early answers Customized to school – specific questions based on each college included on application (questions/preferences provided by colleges) – schools can add Supplemental Questions (SQ) – only those colleges receive them. Used for both domestic and international students Some schools want it every year. Some only want it the first year.
- Information is needed for Institutional Methodology, a detailed analysis of family household and financial data used by many colleges and organizations in order to award institutional funds October start helps institutions reach students earlier for EA/ED/rolling admissions Also helps institutions identify students from diverse backgrounds early in the process – early outreach Schools are doing their best to distribute their own funds fairly, which is why they require add’l info.
- If register under student existing account (from SAT) but student can then access all info. If register under parent account, only parent can access. Must have different account for every student 21 questions Must register in one sitting or info will not be saved SSN is optional but include it – colleges often use as the main identifier and to link PROFILE to student record Email – make it valid – CB only communicates via email Info determines later questions asked: parent marital status prompts the Noncust Par PROFILE if par are divorced/separated, par country of residence determines if provided domestic or int’l PROFILE (Canadians get domestic PROFILE) Select never attended college if still in high school, even if taking college courses for credit Marital status: par can now report single, adoptive par or single par of donor-conceived child Citizenship: select U.S. citizen if have dual citizenship CSS ID – colleges may use it, so it’s good to have it – will be emailed to you after Registration Customized Pre-App Worksheet & Instructions: can print for use in completing the PROFILE – Can help speed up the PROFILE process Summary of Registration is provided at the end
- Application will be customized based on Registration questions Cannot leave numeric questions blank (others can be blank) Can save data and leave anytime “Save & Exit” Print/Review Application anytime for an application summary
- If the student has a legal guardian, all of the parent questions apply to the legal guardian (!) The schools selected in the Registration process will determine if parent info is collected for independent students – if required by any school, the parent data will be displayed Report both parents if you live with them Income earned from work = wages, salaries, & tips from the federal income tax return Include other children in hh if parents will provide more than half their support during the upcoming academic year Don’t include people that the parents support who are NOT in the household (e.g. grandparents living elsewhere)
- Basic info on the noncustodial parent is reported by the custodial parent on the PROFILE If noncust parent is deceased, have cust parent report himself/herself as widowed, even though this is not accurate. If the cust parent has already reported herself/himself as divorced and the NCP has been requested, contact each school and explain. Students can request that the College Board email the noncust parent directly with sign-in information (given option to “click here” and provide the noncust parent’s email address)
- Noncustodial PROFILE: $25, regardless of number of schools Online check no longer a payment option
- Can print out the acknowledgement report - Can also log in later to view it: Select “Check Status of Application” on the PROFILE homepage At any time, you may add a college or program by going to the PROFILE home page and clicking “Add Colleges to Submitted Application.” You will be charged $16 for each college or program you add. Any unused fee-waiver eligibility will be automatically applied to your charges. You may not delete any recipients once you have submitted your application. If ADDING an additional college after the initial submission, you can edit your answers. Those edits will only go to the new college(s). Does NOT provide the EFC like the FAFSA No PIN required – you agree to a certification at the end Can select “Check Status of Application” anytime to see where PROFILE has been sent.
- Help Desk includes tips, draft tax forms, and tax line reference table Click on each question Help Code or question mark for instructions or to refer back to the question if calling