Difference between FAFSA and CSS PROFILE
I saw a blog on the board today about FAFSA for the stepkids.
I am going through all of this right now - in fact I just filled out the CSS PROFILE last week. If you are a bio family then the FAFSA is filled out. If your are a blended family then the parent that the child lives with the majority of the time is the one who fills out FAFSA. What was happening a few years ago is that they were catching families who had children living with the parent who had more income but when it came time to file they were having the other parent who was not as wealthy filling out the FAFSA which in essence cheating the government. So now you have to prove which parent you live with.
https://profileonline.collegeboard.com/prf/PXRemotePartInstitutionServle... - this is the list that the CollegeBoard posts that tells you which colleges and universities require the CSS Profile to be filled out by the non-custodial parent and their spouse. Of course I had to make sure that SS and BM could not find out our information and they make it very clear on the website that the ex-spouse and child could not see what we sent in. There are also deadlines to send in the CSS and FAFSA information. Of course our BM gave us 8 hours to do it - which was a pain in the ass because they wanted 2010, 2011 and what you think you are going to make in 2012. And they want all of your info - it is like someone said they want to see how much you could provide for your child for college. I don't think this is a very fair way to do it because my SS refuses to work and try and get any money for college and of course he and his mother have picked out a $58,000 a year school yes you read that correctly - $58,000 a year.
I did call up the school to make sure that the deadline had been extended and was told yes it had. I then asked her if by filling out the CSS Profile that this is probably hurting SS's chance to get any financial help and she said yes it probably is - our BM just thought that DH was going to fork over half of the money or co-sign on all of the student loans but of course he had no say in where SS would go. Thankfully he told her go jump in the lake and as I wrote before she tried to get a student loan in his name and since I have the alerts on all of the credit bureaus we cut her off with that one. But that is a whole different blog.
SS is not really allowed to tell us anything about his life - his mother is dating a very very wealthy man and has told SS if he talks about his life with her then he won't get the money she gives him all the time. So I thought it was funny the SS volunteered the information to my DH last week but then after getting the CSS Profile request from BM we realized the only reason we even know where he is going is because she needed us to fill out this form. I don't know where they are going to come up with over $50,000 every year but it won't be from DH and I. I truly fear for my SS when he gets out of school because his mother is pushing him to go to this school so I hope she is totally prepared to help him pay the student loans he will have to pay off for the next 25 years. All the articles and financial advisors are warning families that if you are not wealthy enough to afford one of these very expensive schools then you should not even try attending. The other scary part is that this school says that the tuition rises 4 1/2 percent every year - that is more than what most people get in raises from their companies. So I hope that SS's mother has a way to pay for this up front because if not SS will be in big trouble. I have already told DH that SS will not be living with us if he gets out of school and does not want to work and his mother as I know she will tell him she did her job raising him and now he is on his own.