home equity vs savings on CSS profile

mom2012and14
Wed, 28 Dec 2011 00:40:19 +0000

The essay is meant to explain true hardships.

If you lost a job, it’s presumed by FAFSA/ college models you will regain employment in 6 months.
When my oldest was a senior in high school, I was downsized in April - right when she was sitting on a pile of acceptances. I contacted all the schools. ONly CMU adjusted her package. But they reserved the right (and did) readjust the package at the end of the year when I did find employment four months later. So the spring aid for freshman year declined.
If you lost your job- explain so on CSS Profile - but the EFC will show NOT adjustment from FAFSA.

The essay should explain unusually high medical expenses - either one time or ongoing that are not accounted for in calculation of an EFC.
A huge business loss is also to be accounted for. However, saying your stock is worth less, that’s not the purpose of the space.

The goal is to show that your monthly cash flow given your “high” income being modeled in the FAFSA and CSS Profile are inaccurate and don’t account for x, y and z.

Worth a shot.
CMU also has an “extenuating” circumstances form for job loss. request one if that is the case. This is sent AFTER you are accepted.