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The Profile may ask for more information, but that doesn’t necessarily mean all assets will subtract from a student’s financial aid package. we like to have that information available, but it’s not factored into (our) actual aid calculation,” says Kim Downs-Burns, associate vice president for student financial services at Middlebury.
Unlike the FAFSA, which determines how much government aid you’re eligible for regardless of where you attend school, colleges and universities individually decide how to interpret CSS Profile information and which assets and expenses to take into consideration.
To increase your federal aid eligibility as well as potential aid eligibility on the CSS Profile, Maga recommends that families shift assets from accounts held in a student’s name to those held in a parent’s name prior to filling out either form.Consider filling this gap with volunteer work, or perhaps you helped someone with his or her business, which would be considered consulting. You will be asked for references if you make it to the next step in the interview process.However, on Linked In, try to collect as many recommendations as you can.The Profile is more thorough than the FAFSA, but there are steps families can take to maximize their aid eligibility. 1mistake families make is overestimating the value of their primary home.
“The lower they keep their value, within reason, they’re going to help keep their expected family contribution down and potentially garner more aid,” he explains.1 of the year students will attend college, the CSS Profile is limited to select private schools, costs to submit for the 1st school applied to and per school after that (fee waivers are available to certain students) and becomes available in fall of the year before the student will attend school.The CSS Profile is frequently due significantly earlier than the FAFSA as well.“We need to be more diligent on the information that we collect and get a more accurate picture for each student when giving out high amounts of institutional aid,” he says.