How does Self employed affect FAFSA and CSS Profile?

annoyingdad
Tue, 12 Aug 2014 21:38:23 +0000

This thread would be better off in the financial aid forum. Fafsa will use AGI. Your daughter only has to live with one parent or the other one more day in the 12 months prior to filing the fafsa for that parent to be the fafsa custodial parent. CSS, like fafsa, is only a form that asks for information, a lot of information. Unlike fafsa, schools can use the CSS information in any way they like. With self employment there may be expenses and deductions that some schools will add back to your AGI and say you have that amount available to help pay college expenses. Most schools that use CSS or their own form will also ask for non-custodial parent financial information.