Private schools use the “CSS Profile… You can also contact … Expected Family Contribution (EFC) plays a role in the amount of aid you can receive for both. This can cause a delay in the CSS Profile being processed. FAFSA vs CSS Profile Form . Use this 2020-21 academic year Expected Family Contribution (EFC) Calculator to: Estimate how much the student’s family will be expected to contribute for the year. The CSS Profile costs $25 to submit to one school and $16 for each additional school. Unlike on the FAFSA application, the value of retirement plans are included on the CSS Profile. Reporting Parents on the CSS Profile - A guide to reporting parents on the CSS Profile. Contact Us – Chat live or speak by phone to one of our … Public or state schools go by the FAFSA standards. The CSS Profile, like the Free Application for Federal Student Aid, or FAFSA, is used to assess your family’s income and assets to calculate your expected family contribution. CSS PROFILE schools caps differ using a multiple of income at different levels, but in most cases it is not more than 2.5-4 times AGI but there are schools that assess 100% of income. The CSS Profile, like the FAFSA, is available on October 1 each year. Retirement Plans and the CSS Profile. People have complex financial and personal situations. The earlier you file, the better, as some aid available through each application is awarded on a first-come, first served basis. Fitting a complex situation into the CSS Profile “box” is sometimes difficult to do. The email needs to be sent to them. If the applicant incorrectly reports parents, as defined by the CSS Profile, the forms appears incomplete to the institution’s financial aid office. After all, you can’t make a realistic plan to cover the student’s share if you don’t have any idea what the student’s share could be. The non-custodial parent will be completing their own Profile. As a non-custodial divorced parent, does student need to file the CSS before I get an email to enter my info? For example, family house equity is $300,000, respective schools cap is 2 times income, and income is $100,000. Which leads you to the next question, how much of that $60,372 per year will I have to pay out of pocket? How Much Does the CSS Profile Cost? Filling out the CSS Profile (for the 2021-2022 school year) and was hoping for clarification on how to fill in a couple of fields: 1) In the "Parent Other Years' Income and Benefits" section, when it asks about "parents income from work", should the amount be gross income or should it be net/adjusted income after subtracting out … The CSS Profile is also likely to be very different, and possibly much more extensive, for students with divorced, separated or never-married parents. CSS Profile Tips and Tricks for Divorced Parents. According to the Profile, student and parent retirement plans (IRA, Keogh, 401k, 403b, etc.) Do I need to enter Parent 2 if we are divorced? Solution: Here students should report their biological and/or adopted parents. are reported as assets for the respective owners. Public schools and private school have a different calculation for how much “aid” you qualify for. Not properly reporting the student’s parents. Ouch!!! Yes. It is a complex form. Based on the financial information you provide, your fee may be waived. The CSS Profile generates a number of questions from International parents. • A student's contribution may increase EFC at a CSS Profile school. Tutorial – View our CSS Profile Tutorial for step-by-step instructions. CSS Profile Student Guide – get the basics on how to complete your CSS Profile application (.pdf/77KB). Instead, the CSS Profile can be done once and shared with multiple schools as needed.