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No, you wait a couple of days for FAFSA to process the form, and send you back your report through email, if you have done it online. Then you go to the corrections part of the FAFSA site, open your report, delete the first schools, and replace them with the remaining schools. Send that to FAFSA, and you will get back in the email, a few days later, another transaction. Each school, from both reports, will get your application. As far as when to do all this, you can do it now with estimates, and then go back in and correct them, or you can wait until you have the exact figures, which may very well be after you and your family have done taxes. Someone above said that you could not correct CSS online later if you complete it with estimates now. I don't know about that. I do know that you can estimate now for FAFSA and correct it with exact figures later. Check CSS, for that info.
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