CSS/Financial Aid PROFILE Susan McCrackin College Access Fairfax

Getting through the maze

Partnership between families and schools Enrollment Success Satisfaction Graduation Employment Happy alumni

Virginia/Maryland/DC Schools Virginia College of William and Mary Patrick Henry College University of Richmond University of Virginia Washington and Lee University Maryland Goucher College Johns Hopkins University Loyola University Maryland St. John’s College DC American University Catholic University of America George Washington University Georgetown University

Why is PROFILE used by schools? Awarding of institutional funds, primarily institutional grants Specific data allows for clearer picture of family circumstances Ease of receiving the information from families Allows for early decision aid processing

FAFSA or PROFILE or Both? FAFSA Required for federal student aid PROFILE May be required by some institutions for institutional aid Both Always for federal aid If required by institution

Types of Financial Aid Private FederalState Institutional Federal Pell Grant Federal SEOG Federal Work Study Federal Perkins Loan Federal Direct Student Loans Federal Direct Parent Loan State Scholarships (Merit) State Grants (Need) Scholarships (Merit) Grants (Need) Outside Scholarships Tuition Benefits Private Organizations

Costs across schools SchoolCostFederal AidDifference 2-year Public$15,933$11,230$4,703 4-year Public$22,826$12,230$3,096 4-year Private$44,750$12,230$20 Federal Other Federal 2-Year Public 4-Year Public 4-Year Private

A family story Aid TypeSourceAmy (2-yr Public) Dan (4-yr Public) Andrea (4-yr Private) Pell GrantFederal$5,730 SEOGFederal$0$1,000 Work StudyFederal$2,000 Subsidized LoanFederal$3,500 State GrantState$0$1,000 Merit ScholarshipInstitution$0 $12,000 GrantInstitution$0$6,000$19,000 OutsidePrivate$0$500 Remainder$4,703$3,096$20

How does PROFILE help families? Complete one time for all schools Automatic fee waiver process Questions are adaptive Special circumstances section allows family to share additional information Family member information takes more into account Earlier financial aid packages

How does PROFILE work? Create College Board account Register for PROFILE Complete PROFILE application Data sent to school(s) School Determines Eligibility

CSS/Financial Aid PROFILE

STUDENT!

PARENTS!

PROFILE Filing Deadlines Deadlines are defined by the institutions An institution may have multiple deadlines Early decision Regular decision Priority deadline

After You’ve Filed…. PROFILE information can only be updated for new colleges you might send your data to Institutions using PROFILE generally do not want a new electronic record to overwrite their work Many will collect tax returns and verify your data Some schools may use the College Board’s IDOC (Institutional Documentation Service) to collect tax documents This service starts in February Provides tax data and imaged tax documents for institutions

Thank you! Susan McCrackin The College Board