So you just clicked the “submit” button on your child’s FAFSA, and maybe you’re thinking, “Phew! Glad to be done applying for financial aid!” Well, take a deep breath, Moms and Dads, because you may not be done with financial aid applications yet. Many schools (about 300 of the close to 4,000 colleges in the US, almost all of them private) require an additional financial aid application called the CSS/Financial Aid PROFILE. Why the extra form? The PROFILE allows colleges to collect more information than the FAFSA so that they can conduct a rigorous analysis some colleges believe provides a more realistic measure of a family’s ability to pay. There are many differences between the FAFSA and the PROFILE, below are some of the most important ones for students and their families.
FAFSA Financial Aid Application vs. PROFILE Financial Aid Application