Word of the Day Wednesday: CSS ProfileTM
Each Wednesday, MEFA will feature a Word of the Day, where we'll highlight a word (or sometimes a phrase) related to the college planning process. This month, we're focusing on vocabulary related to the CSS Profile.
Today's Word of the Day is CSS ProfileTM.
The CSS Profile is a financial aid application administered by the College Board and used by almost 250 colleges, universities, and scholarship organizations across the United States. Schools and organizations that require the Profile use the information collected on the application to determine eligibility for their own financial aid funds.
The Profile asks questions of both the student and parents related to income, assets, household size, and number of children in college. There is a fee to submit the Profile: $25 for submission to one school/organization, and $16 for each additional submission.
The Profile becomes available each year on October 1st. Many colleges and universities that require the Profile and have an early option for admission (Early Action or Early Decision) often have a Profile deadline sometime in mid-fall.
Some colleges and universities that use the Profile may require related supplemental applications for certain applicants (such as business owners and students with divorced parents). Students should make sure to check financial aid application requirements at each school to which they are applying.
Why does this matter to you?
If you are applying for college financial aid, it is imperative that you understand the financial aid applications required and that you submit each application by the designated deadline. Make sure you know the information you will be required to report on each application and any additional related details.
If you'd like to learn more about the Profile, watch our webinar here.