CSS ProfileTM. Applying for financial aid

Июль 26, 2022

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CSS ProfileTM. Applying for financial aid

Содержание

2. Applying for Financial Aid What Why How To get started To complete the CSS Profile When
3. Start with each of your colleges’ websites Capture all application requirements Note all critical deadlines -
4. A financial aid application used to determine the family’s financial need for institutional financial aid Used
5. Why colleges require the CSS Profile Colleges require families file the CSS Profile to Understand the
6. Why Students Should Complete the CSS Profile To make certain that the student applies for all
7. First, check each of your college’s website for application requirements Check out the College Board’s website
8. Log in with a College Board account Use student’s account, if student has one If no
9. How… …does the family complete the CSS Profile Noncustodial parents must create an account Custodial parents
10. Fee Waivers and the CSS Profile Fee waiver eligibility is determined automatically SAT fee waiver =
11. Costs of the CSS Profile Cost for the CSS Profile Custodial household $25 for application and
12. Completing the CSS Profile Be a successful aid applicant!
13. CSS Profile at a glance A comprehensive application to allow for a full understanding of the
14. Getting Started How it works
15. Getting Started Get it right from the beginning! The student’s name Enter as listed on the
16. Getting Started Social Security number masking and unmasking
17. Student Status Questions are asked about the student – not the student’s parents These questions are
18. Student Status Questions are asked about the student – not the student’s parents Many students will
19. Student Status Questions are asked about you, the student – not your parents These are the
20. Report the student’s parents All of them! All parents are reported Living parents Deceased parents Current
21. Report the student’s parents Lexi reports her parents Lexi’s parents are married She reports her parents
22. Report the student’s parents Which country do your parents live in? Report the country your parents
23. Selecting your colleges If your college lists the CSS Code Number you should use, be sure
24. Selecting the colleges Make certain to select the correct college High school seniors should never select
25. Reporting College Details You are still a first-year undergraduate, never previously attended if… You were dually
26. Reporting college details Lexi’s schools Lexi reports her plans for each college she has selected Most
27. Parent information required! The questions are now about the parents Lexi’s mother and father will now
28. Reporting Income Information 2018 Parent Tax Schedules and Forms New Schedules added for 2018 Check parent
29. Reporting income information Follow the numbers Income questions determined by the type of tax return filed
30. Lexi’s parents tax return information Reporting income information 2018 1040 Tax Return
31. Reporting income information Information from Lexi’s parents’ W-2 and other documents Lexi’s parents reported their earnings
32. Reporting income information Reporting future income
33. Cash, savings, and checking asked of all filers Other assets reported only if owned Home Investments
34. Reporting the family members Who else is in Lexi’s family?
35. Reporting the family members Who else is in Lexi’s family?
36. Reporting the family members Who else is in Lexi’s family? For each family member added, questions
37. Lexi will answer questions about her Income Expected income and benefits Expected summer earnings Estimated school
38. Special Circumstances Important opportunity to Lexi’s family tell its story Free-form box accepts up to 2,000
39. Lexi’s Dashboard Up-to-date information on Lexi’s application status Application status Payment receipt College list with deadlines
40. No later than the first deadline of the colleges in the student’s college list Almost every
41. Applying for the wrong academic year Entering important information incorrectly Not reporting the student’s name as
43. Скачать презентацию

Слайд 2

Applying for Financial Aid
What
Why
How
To get started
To complete the CSS Profile
When
Common

mistakes

CSS Profile

Welcome!

Слайд 3

Start with each of your colleges’ websites
Capture all application requirements
Note all

critical deadlines - And do not miss them!
Complete aid applications
FAFSA
CSS Profile, if required
Any institutional applications as required by colleges
Provide documents, if requested by college(s)
2020-21 FAFSA and CSS Profile available October 1

Applying for Financial Aid

It’s a process!

Слайд 4

A financial aid application used to determine the family’s financial need

for institutional financial aid
Used by about 400 colleges, universities, and scholarship programs
A supplemental aid application to the FAFSA for most students
FAFSA is always required for federal student aid
CSS Profile required only if your institution requires it
May be the primary application for international students
Supports international students applying for institutional aid at some colleges in the US
Allows international applicants to report in home currency, which is converted to US dollars for institutions

What is the CSS Profile?

An institutional financial aid application

Слайд 5

Why colleges require the CSS Profile
Colleges require families file the CSS

Profile to
Understand the family’s true financial need
See a larger picture of the student’s family
Colleges use the CSS Profile to ensure that institutional financial aid is awarded
To the students who truly need it
In a fair and equitable manner
Colleges can also use the CSS Profile to separately collect information from each of the student’s parent if the parents are no longer together and have different households

Why…

…does the family need to complete the CSS Profile?

Слайд 6

Why Students Should Complete the CSS Profile
To make certain that the

student applies for all of the aid that an institution might award

Why…

…does the family need to complete the CSS Profile?

Student

CSS Profile

Institutional Aid

Слайд 7

First, check each of your college’s website for application requirements
Check out

the College Board’s website for a list of colleges who require the CSS profile
https://profile.collegeboard.org/profile/ppi/participatingInstitutions.aspx
If required, complete the application online at cssprofile.org
Students, and in most cases their parents, will need to provide information

How…

… does the family complete the CSS Profile

Слайд 8

Log in with a College Board account
Use student’s account, if student

has one
If no College Board account, create one
Select the proper application year!
High school seniors who will graduate in the spring of 2020 apply for financial aid for 2020-21
Same rule as for the FAFSA

How…

…does the family complete the CSS Profile

Слайд 9

How…
…does the family complete the CSS Profile
Noncustodial parents must create an

account
Custodial parents can create their own account
Fee waiver eligibility tied to the student’s College Board account
https://cssprofile.collegeboard.org/pdf/creating-css-profile-account-parent-use.pdf

Слайд 10

Fee Waivers and the CSS Profile
Fee waiver eligibility is determined automatically

SAT fee waiver = CSS Profile (custodial household only)
CSS Profile does a fee waiver calculation
Example – family of 4 would qualify with income of $45,000 or less
Amount changes for different family sizes
Based on 2018 National School Lunch Program Reduced Price Income Guidelines
Fee waivers cover all colleges selected

How…

…does the family complete the CSS Profile

IMPORTANT
The student’s College Board account must be used for the CSS Profile for the SAT fee waiver to be awarded
This is normally the student’s log-in credentials

Слайд 11

Costs of the CSS Profile
Cost for the CSS Profile
Custodial household
$25

for application and first college selected
$16 for each additional college selected
Noncustodial household
$25 flat fee

How…

…does the family complete the CSS Profile

Слайд 12

Completing the CSS Profile
Be a successful aid applicant!

Слайд 13

CSS Profile at a glance
A comprehensive application to allow for a

full understanding of the family

Student demographic information
Parent information
Student academic status
Income and assets of parents and student
Household information
Special circumstances
Supplemental questions

Слайд 14

Getting Started
How it works

Слайд 15

Getting Started
Get it right from the beginning!
The student’s name
Enter as listed

on the student’s legal documents
Social Security Card
Alien Registration Card
Date of birth
Social Security Number (if the student has one)
Must match the number entered on the student’s FAFSA
Critical to matching your file correctly at your institution

Слайд 16

Getting Started
Social Security number masking and unmasking

Слайд 17

Student Status
Questions are asked about the student – not the student’s

parents

These questions are critical to setting the CSS Profile correctly
Not getting these questions right can seriously delay the student’s financial aid application
Common mistake is for parents to answer these questions for themselves and not for the student

Слайд 18

Student Status
Questions are asked about the student – not the student’s

parents

Many students will answer no to all of these questions
But let’s look at what happens if the student answers yes to this last question

Слайд 19

Student Status
Questions are asked about you, the student – not your

parents

These are the same questions as you must answer on the FAFSA
Your answers here should be the same as the student reported on the FAFSA
If student is or can be certified as homeless or at risk of being homeless based on one of these questions, the student will be treated as an independent student

Слайд 20

Report the student’s parents
All of them!
All parents are reported
Living parents
Deceased parents
Current

stepparents
Parents’ current partner
Legal guardians
Legal guardian’s spouse
Up to four parents can be reported
Reporting Parents on the CSS Profile tutorial

Слайд 21

Report the student’s parents
Lexi reports her parents
Lexi’s parents are married
She reports

her parents
Clicks on Save and Continue

Слайд 22

Report the student’s parents
Which country do your parents live in?
Report the

country your parents are living in now
Don’t report
Country of birth
Country of citizenship

Слайд 23

Selecting your colleges
If your college lists the CSS Code Number you

should use, be sure to use that one!

Слайд 24

Selecting the colleges
Make certain to select the correct college
High school seniors

should never select a graduate school!
Law School
Medical School
Business School
Make certain the college selected accepts the CSS Profile from undergraduate applicants
Selecting the wrong college can delay the student’s application

Слайд 25

Reporting College Details
You are still a first-year undergraduate, never previously attended

if…

You were dually enrolled while in high school
You earned college credits as a high school student

Слайд 26

Reporting college details
Lexi’s schools
Lexi reports her plans for each college she

has selected
Most students will report the same year in school for each college
If available, she will report the student ID assigned by the college
She will be able to report her housing status and admissions application status appropriate for each college

Слайд 27

Parent information required!
The questions are now about the parents
Lexi’s mother and

father will now see parent questions
Income
Assets
Family members

Слайд 28

Reporting Income Information
2018 Parent Tax Schedules and Forms
New Schedules added for

2018
Check parent 2018 tax documents carefully to see if any of these new schedules apply

Слайд 29

Reporting income information
Follow the numbers
Income questions determined by the type of

tax return filed
Lexi’s parents used their 2018 IRS 1040 to report their income information

Слайд 30

Lexi’s parents tax return information
Reporting income information
2018 1040 Tax Return

Слайд 31

Reporting income information
Information from Lexi’s parents’ W-2 and other documents
Lexi’s parents

reported their earnings from their W-2s
Whole numbers only
Do not report cents
They also reported other income
Retirement contributions
Family’s Flexible Spending Account
They responded “0” to questions that were required, but did not apply

No cents reported!
Whole numbers only.

Слайд 32

Reporting income information
Reporting future income

Слайд 33

Cash, savings, and checking asked of all filers
Other assets reported only

if owned
Home
Investments
Parental assets held in the names of younger children
Other real estate
Business(es)
Farm(s)

Reporting asset information

Report only assets you have

Слайд 34

Reporting the family members
Who else is in Lexi’s family?

Слайд 35

Reporting the family members
Who else is in Lexi’s family?

Слайд 36

Reporting the family members
Who else is in Lexi’s family?
For each family

member added, questions about their school enrollment will be asked
If the family member is enrolled in a private K-12 school, questions will collect information about the school, including cost

Слайд 37

Lexi will answer questions about her
Income
Expected income and benefits
Expected summer earnings
Estimated

school year earnings
Assets
Many questions will be similar to those answered by Mark and Ava

It is Lexi’s turn!

Questions now collect Lexi’s financial information

Questions will be similar to her parents
Lexi will probably see fewer questions

Слайд 38

Special Circumstances
Important opportunity to Lexi’s family tell its story
Free-form box accepts

up to 2,000 characters to explain financial issues
Encourages the financial aid office to communicate with you
Do not to be afraid to tell your story
Do not be embarrassed

Слайд 39

Lexi’s Dashboard
Up-to-date information on Lexi’s application status
Application status
Payment receipt
College list with

deadlines
Add a college or program option
Deadline dates
Link to school portal
Next steps

Слайд 40

No later than the first deadline of the colleges in the

student’s college list
Almost every college will have a different deadline date
Different dates for
Early decision
Early action
Regular decision
Recommend treating a deadline like
College’s deadline date
– 5 days
= Student’s deadline

When….

…should the CSS Profile be filed?

Слайд 41

Applying for the wrong academic year
Entering important information incorrectly
Not reporting

the student’s name as shown on legal documents
Not reporting the student’s Social Security Number when one is available or entering it incorrectly
Reporting parent information as student information, and vice versa
Entering the student’s date of birth incorrectly
Parent entering a sibling’s date of birth
Parent entering their own date of birth
Answering questions about the student’s status incorrectly
Reporting the student has dependents
Reporting the student is married or is a veteran
Reporting the student is a ward of the court
Selecting a graduate school instead of the college’s undergraduate program

Common mistakes

Students and parents make

It is a student application – with parent information
Parents have to remember that it isn’t all about them

CSS ProfileTM. Applying for financial aid

Содержание

Applying for Financial AidWhatWhy HowTo get startedTo complete the CSS ProfileWhenCommon

Start with each of your colleges’ websitesCapture all application requirementsNote all

A financial aid application used to determine the family’s financial need

Why colleges require the CSS ProfileColleges require families file the CSS

Why Students Should Complete the CSS ProfileTo make certain that the

First, check each of your college’s website for application requirementsCheck out

Log in with a College Board accountUse student’s account, if student

How……does the family complete the CSS ProfileNoncustodial parents must create an

Fee Waivers and the CSS ProfileFee waiver eligibility is determined automatically

Costs of the CSS ProfileCost for the CSS Profile Custodial household$25

Completing the CSS ProfileBe a successful aid applicant!

CSS Profile at a glanceA comprehensive application to allow for a

Getting StartedHow it works

Getting StartedGet it right from the beginning!The student’s nameEnter as listed

Getting StartedSocial Security number masking and unmasking

Student StatusQuestions are asked about the student – not the student’s

Student StatusQuestions are asked about the student – not the student’s

Student StatusQuestions are asked about you, the student – not your

Report the student’s parentsAll of them!All parents are reportedLiving parentsDeceased parentsCurrent

Report the student’s parentsLexi reports her parentsLexi’s parents are marriedShe reports

Report the student’s parentsWhich country do your parents live in?Report the

Selecting your collegesIf your college lists the CSS Code Number you

Selecting the collegesMake certain to select the correct collegeHigh school seniors

Reporting College DetailsYou are still a first-year undergraduate, never previously attended

Reporting college detailsLexi’s schoolsLexi reports her plans for each college she

Parent information required!The questions are now about the parentsLexi’s mother and

Reporting Income Information2018 Parent Tax Schedules and FormsNew Schedules added for

Reporting income informationFollow the numbersIncome questions determined by the type of

Lexi’s parents tax return informationReporting income information2018 1040 Tax Return

Reporting income informationInformation from Lexi’s parents’ W-2 and other documentsLexi’s parents

Reporting income informationReporting future income

Cash, savings, and checking asked of all filersOther assets reported only

Reporting the family members Who else is in Lexi’s family?

Reporting the family members Who else is in Lexi’s family?

Reporting the family membersWho else is in Lexi’s family?For each family

Lexi will answer questions about herIncomeExpected income and benefitsExpected summer earningsEstimated

Special CircumstancesImportant opportunity to Lexi’s family tell its storyFree-form box accepts

Lexi’s DashboardUp-to-date information on Lexi’s application statusApplication statusPayment receiptCollege list with

No later than the first deadline of the colleges in the

Applying for the wrong academic yearEntering important information incorrectly Not reporting

Похожие презентации

Applying for Financial Aid
What
Why
How
To get started
To complete the CSS Profile
When
Common

Start with each of your colleges’ websites
Capture all application requirements
Note all

Why colleges require the CSS Profile
Colleges require families file the CSS

Why Students Should Complete the CSS Profile
To make certain that the

First, check each of your college’s website for application requirements
Check out

Log in with a College Board account
Use student’s account, if student

How…
…does the family complete the CSS Profile
Noncustodial parents must create an

Fee Waivers and the CSS Profile
Fee waiver eligibility is determined automatically

Costs of the CSS Profile
Cost for the CSS Profile
Custodial household
$25

Completing the CSS Profile
Be a successful aid applicant!

CSS Profile at a glance
A comprehensive application to allow for a

Getting Started
How it works

Getting Started
Get it right from the beginning!
The student’s name
Enter as listed

Getting Started
Social Security number masking and unmasking

Student Status
Questions are asked about the student – not the student’s

Student Status
Questions are asked about the student – not the student’s

Student Status
Questions are asked about you, the student – not your

Report the student’s parents
All of them!
All parents are reported
Living parents
Deceased parents
Current

Report the student’s parents
Lexi reports her parents
Lexi’s parents are married
She reports

Report the student’s parents
Which country do your parents live in?
Report the

Selecting your colleges
If your college lists the CSS Code Number you

Selecting the colleges
Make certain to select the correct college
High school seniors

Reporting College Details
You are still a first-year undergraduate, never previously attended

Reporting college details
Lexi’s schools
Lexi reports her plans for each college she

Parent information required!
The questions are now about the parents
Lexi’s mother and

Reporting Income Information
2018 Parent Tax Schedules and Forms
New Schedules added for

Reporting income information
Follow the numbers
Income questions determined by the type of

Lexi’s parents tax return information
Reporting income information
2018 1040 Tax Return

Reporting income information
Information from Lexi’s parents’ W-2 and other documents
Lexi’s parents

Reporting income information
Reporting future income

Cash, savings, and checking asked of all filers
Other assets reported only

Reporting the family members
Who else is in Lexi’s family?

Reporting the family members
Who else is in Lexi’s family?

Reporting the family members
Who else is in Lexi’s family?
For each family

Lexi will answer questions about her
Income
Expected income and benefits
Expected summer earnings
Estimated

Special Circumstances
Important opportunity to Lexi’s family tell its story
Free-form box accepts

Lexi’s Dashboard
Up-to-date information on Lexi’s application status
Application status
Payment receipt
College list with

Applying for the wrong academic year
Entering important information incorrectly
Not reporting