FASFA or CSS? What's the Difference?

When applying for college financial aid, most schools require the FAFSA (Free Application for Federal

Student Aid) to determine your Student Aid Index (SAI). This helps schools assess your financial need. However, some private and selective schools also require the CSS Profile for a more detailed evaluation of your finances.

How is the CSS Profile Different from the FAFSA?

1. More Detailed Information

   - The CSS Profile collects more in-depth financial details than the FAFSA, including assets like home equity, non-custodial parent income, and small business assets that the FAFSA doesn’t consider.

2. Cost

   - FAFSA is free, but the CSS Profile has a submission fee, though fee waivers are available for students who qualify.

3. Institutional Aid

   - The CSS Profile is typically required by private colleges to distribute their own institutional aid, scholarships, and grants, whereas the FAFSA is used for federal and state aid.

4. Special Circumstances

   - The CSS Profile allows families to explain special circumstances, such as high medical expenses or a recent income drop, which may impact the amount of aid offered.

5. Deadlines

   - Both forms have deadlines, but the CSS Profile may be due earlier, especially for early decision or early action applicants.

Final Thought

For maximum financial aid opportunities, complete both the FAFSA and CSS Profile if required by your schools. Be mindful of deadlines, as missing them could limit your financial aid options.