CSS Profile: Step-by-Step Walkthrough

Рет қаралды 32,931

9 ай бұрын

Debbie Schwartz, founder of Road2College, and Luanne Lee, Certified College Planning Specialist take you step-by-step through the CSS profile, which many colleges require in addition to the FAFSA.
Concerned you haven't filled out the CSS Profile correctly? Have a professional review it before you submit. Check out our CSS Profile Review - www.road2college.com/shop/css...
***Join our free Facebook group, Paying for College 101, and connect with other families and experts in our community about the college admissions and paying for college process. / payingforcollege101

Пікірлер: 27

@waisuddinansari5124 9 ай бұрын

A video that came out at the exact time i was thinking a second ago!

@meredithalix 4 ай бұрын

Very grateful for this resource-thank you so much!

@sagarsriva 8 ай бұрын

very helpful. thanks

@preetimundra4454 9 ай бұрын

What should i fill in the expected college expenses for sibling as i have twins and both will be applying at the same time and i dont know the college so how can i know the exact expenses and whether it i private or public....they are to apply....

@CDidd 5 ай бұрын

Thank you so much!

@user-iz4mu8ki1p 9 ай бұрын

You neglected to include the steps where parent SSN's are requested.

@susankhanhhuynh5046 9 ай бұрын

Does both student and parents have to put their SSN on the application?

@georgenelson7891 9 ай бұрын

What if the parents own a timeshare which values like $3000 to sell, but they pay maintenance fee annually, do we have to mention it?

@abajon1 8 ай бұрын

Thanks for this great video! Under student resources, if a school is need aware and you include a number that is low, could that hurt the student's chances? I have saved enough to be able to contribute $40K/year, our EFC is $70K - I don't want to ruin my child's chances in getting merit scholarships. Any advice? Thanks!

@dylankim3554 8 ай бұрын

Do you recommend submitting css profile even before submitting the application via common app? or does it have to be in same time?

@issakakamal2801 8 ай бұрын

Please mum is there a change in this year's css profile. I can't find the part asking of my parents dependents(siblings). Please can you help me out?

@user-zs3th7cl4m 8 ай бұрын

If my parents didn't have a specific section of the taxes, such as Foreign Income, do I just leave it blank or put zero?

@RedRageStudio 9 ай бұрын

what if my university isnt decided? what do I put in then?

@michaelfunk153 8 ай бұрын

What if we co-own a vacation home with several other family members. There is no check down box to signify you don't owe the entire asset?

@CN-dl2cj 5 ай бұрын

At around 49:44 she says "no home equity loans" but it says in the instructions that you DO include home quity loans

@luannelee5788 5 ай бұрын

Great pick-up and I apologize for the confusion. I should have clarified the home equity line and not a home equity loan. Many parents have an open equity line and think they have to include that open line.

@marielenagarrison4360 4 ай бұрын

Hello! How do you add a college in my CCS profile? Thanks!

@simon2155 9 ай бұрын

Super helpful. Thank you.

@CN-dl2cj 5 ай бұрын

At 1:07-1:08 they say here that if the UGMA or UTMA is for the student for whom the CSS Profile is about, it should go under student assets. But I called and spoke with someone at CSS Profile today and they said "No, the student's UGMA goes under the parents assets." I asked "so under the student I put 0 because it is included under parent assets?" and she said "Yes" (via the Help line at CSS Profile)

@luannelee5788 5 ай бұрын

The CSS and FAFSA helplines are not expected to provide financial advice. You can Google UTMA and UGMA for FAFSA and CSS Profile and see numerous references where the UTMA and UGMA accounts are listed as a student asset on both FAFSA and CSS Profile. The parent is the custodian, and the student is the owner. These accounts provide tax benefits but they will be assessed on financial aid at the much higher student calculation instead of the parent percentage. For many families, it won't make a difference depending on the parents income.

@ImBlueBarry 6 ай бұрын

my css profile didn't tell me to put in my parents taxs or income did i do something wrong?

@user-fc5zr3cg9e 6 ай бұрын

hello everybody, i get "the student hasnt selected any college program etc" message, i cannot continue my application process after my parents information. I dont have select college and programs button to continue and I have only 3 sections of applications. Who knows why??/

@MI-hp4zp 9 ай бұрын

Where do I put my child's Roth IRA information?

@xdcoleus3097 9 ай бұрын

CSS says enter gross income and other information from IRS form 1040 from line 11. I don’t have a 1040. I only have W2. Am I supposed to just come up some calculation? Please help. I have to ask IRS to send me a 1040 to obtain that information. These num are same as on W2 ?

@oliviaslayden385 8 ай бұрын

I am not an expert, but can answer the basics... The 1040 is the form that you submit every year when you file your taxes. If you don't file taxes, then there won't be one to get from the IRS. I believe I saw, in the video, that there's a spot to tell them that you didn't file taxes. I don't know what happens after that, but I doubt they'll be asking about the 1040 questions if there's no 1040. When you file a 1040/your taxes, there are all kinds of ways to reduce what the IRS considers income. This smaller number is called the Adjusted Gross Income (AGI). It will be a smaller number than what you actually brought in (gross income). The standard deduction is pretty high. If you are a person that's supposed to file taxes every year, you really should. If you paid too much, you will get money back from the government. If you didn't pay enough, you will avoid fines and possible jail time. If you or your parents (if you're a student) don't make a lot, then I think you won't have to pay taxes at all.