<p>Hallelujah! The CSS PROFILE is done! My thoughts turn to future years…</p>
<p>I have 2 children currently attending private universities, one requires the CSS PROFILE and one requires either the PROFILE or their supplemental form. Our final cost to attend these schools has come very close to the FAFSA EFC number. We will have 3 in school 2011-2012 and then will be back to 2 in school at a time for quite a while (have a 12 and 15yo</p>
<p>I realize every private university using the PROFILE has their own internal formula to determine financial aid but I am going to assume my financial information is sufficiently basic enough that most private schools would come close to the EFC number.</p>
<p>My husband may start drawing social security in 2012. We will have children young enough to draw social security also (from what I understand) and this will not be taxed (is this true?)</p>
<p>I am going to do the calculations soon to determine how much I think the family will receive. I know the CSS PROFILE will request to know how much untaxed social security was received. So far every private school financial aid supplemental form (that you can submit in lieu of PROFILE) I have seen also requests this number.</p>
<p>I know the FAFSA does not ask for this number. Do you think or know the CSS PROFILE schools will automatically include this in their calculation of the amount our family is expected to pay?</p>
<p>For example, if we are in a marginal bracket where every dollar of income increases our private school EFC by 40% (just pulled this percentage out of a hat, will have to research), then can I assume our family will start to see a higher EFC from most private schools due to the untaxed social security? </p>
<p>I like to plan. 
If we have to limit to FAFSA only schools for the younger children, or if our EFC is likely to rise for the PROFILE schools I’d like to know in advance.</p>
<p>Thanks for any info you can give me! </p>
<p>momoffive</p>