COMPLETION GUIDE CSS/Financial Aid PROFILE. What is PROFILE? An online application for financial aid  Available 24/7  Can be completed by domestic and.

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Presentation transcript:

COMPLETION GUIDE CSS/Financial Aid PROFILE

What is PROFILE? An online application for financial aid  Available 24/7  Can be completed by domestic and international students Used by colleges and organizations to award their private need based funds List of institutions using PROFILE can be found at:  tionServlet/PXRemotePartInstitutionServlet.srv

How to file PROFILE Register  Create a College Board online account   Save your user name and password  Go to PROFILE online (link above) to begin Complete the application for the correct school year  Have your most recent tax records and financial documents handy  Click on the “help” text if you don’t understand a question Submit the application  Enter your payment information (credit card, debit card)  Press Submit  Print out and save your PROFILE acknowledgement

Create your College Board Account

What are the benefits of PROFILE? PROFILE is available October 1 each year – used for early action/early decision and other early reads Collects income, asset and household information for comprehensive view of family and resources Accurate and thorough need analysis provides institutions a better understanding of the family’s financial situation

The rest of the story…. Allows families to explain any special circumstances

Is PROFILE complicated? Customized to the applicant and to the institution  Simple family financial situations = fewer questions  Complex family financial situations = more questions Presents only the questions relevant to the applicant Customer service available for students at:  Customer Service for Families: (305)  Student & Parent Customer Service

Click on ? for help text for each question

When do I submit PROFILE Confirm application requirements and due date for each institution (check each school’s web site for specifics) Submit the PROFILE at least two weeks prior to the institution’s published due date Missing the due date can lead to delays and/or reduced funding

The Noncustodial PROFILE Collects same basic information as custodial parent PROFILE Objective data collection; diffuses family tension One time fee of $25 Payment methods – credit or debit card Same fee waiver rules as PROFILE (no payment code) Student must be a PROFILE filer

Student PROFILE Fees $25 fee covers initial application processing and the first school report. $16 reporting fee for each additional college report or additional college requests (ACR) Students may pay using credit card or debit card

Fee Waivers Awarded automatically to eligible first year, dependent applicants Eligibility based on income, assets and family information Covers the cost of up to 8 PROFILE reports On average, first year applicants send PROFILE reports to 3.77 institutions

Fee Payment Codes Fee Payment Codes may be an option when a student does not qualify for Fee Waivers or sends more than 8 PROFILE reports Fee Payment Codes are mapped to the institution providing the code Fee Payment Codes can be used only once

PROFILE Fee Payment Summary

Sample PROFILE Acknowledgement

Additional College Requests

Helpful Resources college/scholarships-grants college/scholarships-grants