The world of financial aid for college can feel overwhelming. But with the right tools and knowledge, you can unlock the support needed to pay for school. The whole process becomes way easier once you understand what you’re reading and what you’re filling out! Two of the most important forms you’ll encounter are the FAFSA (Free Application for Federal Student Aid) and the CSS Profile . These forms are essential for both high school students entering college and current college students seeking financial aid. They help determine how much money you can get to pay for school – so don’t slack on filling the FAFSA out (and the CSS Profile if your schools request it!). Here’s some things you need to know to help with your understanding of financial aid forms.
FAFSA Overview
The FAFSA is your gateway to federal financial aid, including grants, work-study programs, and loans. Nearly every college requires it, and it’s used to determine your family’s financial need. Now, you’ll get that information in the Student Aid Index.
Important things to know about the FAFSA include that it opens up 1 October in most years. This year, limited testing will begin for the new forms so don’t be surprised if you can’t fill it out right away. The deadline varies by school usually, but it’s often in the spring. As a reminder, I encourage you to fill it out as quickly as possible because financial aid is first come, first serve!
CSS Profile Overview
The CSS Profile is a financial aid form used by some private and a few public colleges to determine eligibility for institutional aid. Unlike the FAFSA, it digs deeper into your family’s finances and may require more detailed information about assets and expenses.
The CSS Profile is administered by the College Board and there are fees associated with filing. It will cost $25 for the first school, $16 for each additional school (fee waivers available). This is not required for every school, but many private colleges will require it. Be sure to check your school’s financial aid requirements!
Other Financial Aid Forms
Some schools may also have their own financial aid forms. Make sure to consult each school’s website for additional requirements. You don’t want to miss anything! Stay on top of any state-specific forms for aid, as these can offer additional funding opportunities.
Filing financial aid forms can seem like a chore, but the potential payoff is worth the effort. By staying organized, paying attention to deadlines, and understanding what each form requires, you’ll increase your chances of securing financial aid to help cover your education costs.
More about Jodi and College Financial Aid Advisors
Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.