<p>So originally I had decided to apply for financial aid, and submitted my FAFSA, but I then realized that there’s no way I could qualify for ANY sort of need-based aid. (My EFC is around 50,000).</p>
<p>However, after, the financial aid office pursued me and informed me to submit two extra documents needed to process my financial aid (citizenship documentation and selective service). </p>
<p>Since I decided that I would just altogether NOT PURSUE financial aid at USC, I didn’t turn any of those in. Today, I received TWO emails requesting me to turn both in.</p>
<p>I was just wondering will not turning in these financial aid forms affect my admissions decisions negatively? Also, will not turning in these forms prevent me from acquiring the National Merit Finalist - Presidential Scholarship at USC?</p>
<p>It won’t have an effect on your admissions decision but I would turn in them anyway just in case for the scholarship. You’re better off directly calling financial aid for a better answer.</p>
<p>If you are not pursuing need-based financial aid, there is no need to turn in financial aid documents. It will not affect your admission or eligibility for scholarships.</p>
<p>A follow-up note: You are still required by Federal law to register for selective service within thirty days of your 18th birthday. This has nothing to do with financial aid - it is Federal law. So you do not have to furnish USC with verification and it will not affect admission or scholarships, but you still gotta do it.</p>
<p>I would submit the requested documents if I were you. As a private school, USC does not have to use the EFC determined by the FAFSA if they choose not to. They may have their own criteria for financial aid independent from what any federal formula would indicate. Therefore, what’s there to lose if you just submit the documents anyway? There are probably other students at USC with an EFC like yours who still get financial aid. Your citizenship documentation and selective service isn’t that big of a deal to submit, I wouldn’t think.</p>
<p>I did use their financial calculator and the amount of aid I would receive is $0. Do you guys think each respective school’s financial calculator is an accurate representation of the amount of money offered to students?</p>
<p>It is unlikely that you would receive any substantial grants at that EFC, at the most you would get is loans and possible work-study from my experience.</p>
<p>All financial aid applicants are asked for personal tax returns and all financial aid applicants who own businesses are asked for business tax returns, so it is neither “good” nor “bad.” </p>
<p>The unwelcome surprise (the “bad”) for business owners is that business losses listed on your personal tax return are added back into income - not just at USC, but across the board in financial aid calculations. Many people erroneously do not add the losses back in when they complete the FAFSA, and so the schools are required by the federal government to make that correction if the discrepancy appears on the tax returns.</p>
<p>Go to USConnect and choose “Required Info and Forms.” In “Document Library” select “Tax Information Form, Federal 2012 - Parents” and “Tax Information Form, Federal 2012 - Student” </p>
<p>I guess this is where I am confused because my S has many friends who applied to USC/finaid and none had to submit personal returns as a required document.</p>
<p>So we filled out the FASFA and CSS Profile (that was fun) with estimated tax info (that was pretty spot on). EFC came back too high to get anything, but still got request to send in official tax filing. Can we ignore this? Any ramifications for doing so?</p>
<p>We did these not expecting anything this year, but heard it is good to have them in place in case something happens and you want to try to qualify in future years. Plus we have 3 more kids to go through the college system. So back to original question, can we not send in/link to the official tax filing without any issue now or in future? Not planning on submitting our taxes for awhile.</p>
<p>CADREAMIN, if you are not pursuing financial aid this year there is no reason to submit the additional documents. USC will continue to request them, and you can just ignore the requests.</p>
<p>Damond3, in my experience, all financial aid applicants will eventually be asked for tax information, though all will not have to send in tax return copies. I do not have confirmation on this, but those who used the tax information retrieval tool through the FAFSA MIGHT not be required to submit the tax info this year - it remains to be seen.</p>
<p>USC has only requested the FAFSA, CSS profile, Income and Expense Declaration Form, Parent, and Tax Information Form, Federal 2012 - Parents. Am I good to go, and will I receive an aid offer on time, assuming I would be accepted?</p>