WebA: You may submit the Profile under the student or the parent's College Board account. Only one Profile application can be tied to each account every year. Keep in mind that the student will have the ability to view the information submitted on the Profile application if your family decides to complete the Profile under the student's account. WebAug 20, 2024 · CSS Profile Questions for Parents (If Applicable) If a student is considered an independent, the parents may not need to provide information for ... home loan, how much the mortgage payments are, and the current market value of the home Other asset questions, including investments, savings, business ownership, etc.
CSS Profile: How It Could Impact Your College …
WebOct 12, 2024 · The CSS Profile includes a broader range of assets than does the FAFSA. In addition to the student’s and parents’ taxable assets and 529 accounts, the CSS Profile requires students and families to report: The value of their home equity. Cash value of nonqualified annuities and whole life insurance policies WebRetirement Plans and the CSS Profile. Unlike on the FAFSA application, the value of retirement plans are included on the CSS Profile. According to the Profile, student and parent retirement plans (IRA, Keogh, 401k, 403b, etc.) are reported as assets for the respective owners. city elephant msts
CSS Profile Asset Question: Savings/Checking vs …
WebAug 29, 2024 · The net worth of a family-owned business or farm is defined as the difference between its current fair market value and its total outstanding debt (mortgages, liens, lines of credit, etc.). On the FAFSA, the value of a family-owned business or farm with 100 or fewer employees is not a reportable asset, but on the Profile, it is. WebMay 16, 2024 · The net worth of the family’s principal place of residence is not reported as an asset on the FAFSA, but is reported as an asset on the CSS Profile. When reported as an asset on the CSS Profile, the net worth is often capped at 2 to 4 times income, depending on the college. Small businesses. Small businesses that have less than 100 … WebDo you or don't you report the value of retirement accounts on the CSS Profile financial aid application? Check out this video for clarification on this conf... city elefant pid