It sounds like you are an international student...if that is the case chances are you will need to prove that you can afford to come to this country, pay tuition room and board and so on. Although both programs are used to evaluate for need-based aid, many colleges also use the information to provide support to students that won’t qualify for need-based aid through institutional grants and stipends. If you have a sickly parent, for example, that requires expensive medical care, or siblings that attend private school, these expenses are taken into consideration. You, know, some people even get away with murder. You run the risk of losing not only the aid you received (and a nice bill to repay anything that you wrongfully received) but also your admission status as a students.,
Just be HONEST and you won't need to fret about how the school verifiies this information.,
I'll declare everything just as it is, on the CSS profile, but in my country, we don't have those forms (W-2, 1099, etc). The CSS Profile is a financial aid application for non-federal aid offered by the College Board. Find out if the schools on your list require the CSS Profile: The CSS Profile provides colleges with a much more thorough and accurate picture of a family’s true financial background than the FAFSA does. A guide to help noncustodial parents complete the 2019-20 CSS Profile. The CSS PROFILE and the FAFSA are both tools used to determine a family’s financial strength. US students do too. Understand how CSS factors in. In addition to income/taxes from jobs, it also includes interest reported for any bank accounts and/or investments (and if you have substantial ones, this WILL show up on your tax return)...things like mortgage interest deductions and taxes paid on real estate, etc.,
And just for the record...our kids attended Profile schools. Do you think College Board has a right to ask so many questions? If you feel like this form doesn’t trust you, it’s because others have taken advantage of the system. You will also be asked to estimate your future income. Many schools that use the Profile do so because they are interested in being more generous with those that truly need the help. The CSS Profile asks for much of the same information as the FAFSA, including tax returns, W-2s, bank statements, and other records of income. Do I need to enter Parent 2 if we are divorced? CSS Profile Tips and Tricks for Divorced Parents. Specify which you want to verify (Profile – Page) Type your profile link; Upload your I.D. The Profile asks questions about your medical history as well as your family’s, any debts incurred by you or them, where your home is located, and business expenses you may not have otherwise been able to clarify on the FAFSA (source). Not every college requires it, but nearly 400 colleges do, so be sure to first check the list of schools to determine whether your child needs to complete the application. 5. The basics of the CSS PROFILE. The CSS profile questions ask for the following details: Names, ages, and demographics of those in household.,
Again, I can see why few schools give aid to int'ls. W3C or world wide web consortium is a well-known standard which maintains this language. The FAFSA is based on a federal formula and always dictates how much government financial aid a student is eligible for. Family business/farm: the FAFSA only asks for information if your family business or farm exceeds 100 employees, whereas the CSS Profile requests it regardless of the size of the business. I've never seen it reported here on CC that a school verified the contents of a bank account or brokerage account, only taxes, so you can pretty much just lie about it, and if you are smart about the 1099 how will you get caught?,
The system relies on people's integrity.,
Many schools state on the admissions application that willful misrepresentation would be grounds for having your admissions rescinded if you have not started started school or being dismissed if it is found out once you are a student.,
In addition, many schools have honor codes, that you are honest and truthful in your dealings with the college. CSS Profile: An Overview . The Flexibility. Yes. The CSS Profile requires not only the past two years of tax filings, but also the current year estimate, unlike the FAFSA which only requires the last 2 years of returns. The CSS Profile considers a longer list of assets than the FAFSA when evaluating your financial need. When it comes to income, the CSS Profile considers the money you have, but it also takes into account the expenses your family is responsible for. for both the student and the parents. :D,
In general, do the colleges help students from outside of the US pay their transportation to the U.S? Income, taxes, and exemptions: the CSS Profile requests the past two years of tax filings in addition to the current year estimate. Every college or university emphasizes different categories on the CSS Profile, and the custom questions asked beyond the preliminary registration can shape your financial ai… Student loan products offered by "SoFi" are made by SoFi Lending Corp. (CFL# 6054612, NMLS# 1121636) and not by any covered educational institution displayed on the Edmit platform. The CSS Profile is also substantially longer the FAFSA application and can take over two hours to complete due to the volume of factors considered, so make sure you have the time to sit down and complete it thoroughly. Based on information entered on the PROFILE, a limited number of fee waivers are automatically granted. While most high school students thinking about financial aid have heard of the FAFSA, fewer have heard of the CSS Profile application, found here or on individual college websites. CSS selector matching is now reasonably fast for the absolute majority of common selectors that used to be slow at the time of the profiler implementation. The CSS Profile is used by nearly 400 public and private educational institutions — here’s the list of colleges that require a CSS Profile for financial aid. After you submit your application, the College Board sends it to the colleges and scholarship programs you have chosen. I really need help! Prior-prior year income and current asset values for both parents and the student. The most commonly applied to … Your tax return holds the clues.
What I'm saying is how can colleges be sure that we don't have a huge amount of money in the bank and we didn't talked about it, or a second/third undeclared home?,
Must still send in your taxes and any other documentation the the school requires as verification (unless you are also lying to the IRS). People change na… Like the FAFSA, you can apply online. A covered educational institution's name or logo on the Edmit platform is not an endorsement by the covered educational institution of SoFi's student loan products. Like the FAFSA, it will calculate your Expected Family Contribution (EFC), or what … SoFi does not guarantee the accuracy of information provided by Edmit, its affiliates or subsidiaries. Over 400 colleges and scholarship programs use it to assess your eligibility for private student aid. And there are countries where much of a family's income is gotten from the black market.,
Last year, a student from Greece received full aid at a school and he admitted to me in PM that his family's income is quite substantial but mostly all gotten from the black market, which according to him is pretty normal for that country (I have no idea if that's true or not). The CSS Profile will also adjust and customize certain questions based on responses you have given in your preliminary registration, giving you the ability to tailor your responses and provide additional information. This means the dishonest and deceptive get a larger share of federal and privately donated funds. In addition to the 200+ schools that require a completed CSS Profile, an additional 200 or so accept it as an optional inclusion. These waivers are granted to eligible first-time college applicants from … things like mortgage interest deductions and taxes paid on real estate, There's no requirement to take a deduction for these on a second house. While the CSS Profile is more daunting, it does not necessarily mean you’ll receive less financial aid. Stay on top of the information you need to navigate the admissions process amid the COVID-19 pandemic. You’ll need a lot of the same documents you needed for the FAFSA to fill out the CSS Profile, including tax returns, W-2s, and and other records of income. Thread CSS Profile Verification Author Date within 1 day 3 days 1 week 2 weeks 1 month 2 months 6 months 1 year of Examples: Monday, today, last week, Mar 26, 3/26/04 The CSS Profile helps colleges to determine your financial need and award you with a financial aid package that can make college both affordable and accessible. So,yes, it is possible that you can lie about your family's situation, leave out bank accounts and second, third homes, and the money under the mattress, and you could get away with it. Edmit offers smart personal advice for you on how to make the college decision. There are easy ways around this too - put your money in something that doesn't pay interest, put it in a safe deposit box, bury it in your back yard. Because there is fraud in these areas and it has been discovered , those schools that do give a lot of financial aid to internationals have their own ways of verifying he information on the forms. But when a school requires the CSS Profile, the additional information is used to determine whether a student is eligible to receive private aid dollars from that university. Before investing a large amount of money into anyone or anything, some sort of investigation is done, but how extensive and what is done varies.,
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