CSS/Financial Aid PROFILE Susan McCrackin College Access
Fairfax
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Getting through the maze
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Partnership between families and schools Enrollment Success
Satisfaction Graduation Employment Happy alumni
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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. Johns
College DC American University Catholic University of America
George Washington University Georgetown University
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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
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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
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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
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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
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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
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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
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How does PROFILE work? Create College Board account Register
for PROFILE Complete PROFILE application Data sent to school(s)
School Determines Eligibility
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CSS/Financial Aid PROFILE
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STUDENT!
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PARENTS!
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PROFILE Filing Deadlines Deadlines are defined by the
institutions An institution may have multiple deadlines Early
decision Regular decision Priority deadline
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After Youve 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 Boards IDOC (Institutional
Documentation Service) to collect tax documents This service starts
in February Provides tax data and imaged tax documents for
institutions