<p>my parents are divorced and I am filling out the CSS profile and FAFSA and college financial aid applications right now and i am CONFUSED!</p>
<p>I was on my father's 2006 taxes with my 3 younger sisters but he made too much money in 2007 [over 80 grand] so I am going under my mother for 2007 [less than 20 grand]. Cornell is asking for my W-2 forms and my parent's forms for 2006. Do i send in my fathers W-2 forms for 2006 with my private college financial aid applications or do i send in my mother's or both? </p>
<p>For financial aid purposes, your Custodial Parent is the parent you lived with most for the 12 month period before filing FAFSA or Profile. Who claimed you on the taxes is a different matter.</p>
<p>So first, identify your Custodial Parent. The FAFSA form will only want this parent's income and assets, not the income and assets of the non-custodial parent. The Profile form will ask for both custodial and non-custodial parent income and assets. </p>
<p>Cornell first requires that you complete their own financial aid application, and submit it along with both parents' most recent (2006) tax forms and W2's, and your most recent (2006) tax forms and W2's if you have any, by January 4th. So that deadline is just a day away.</p>
<p>They want the 2007 tax documents by May 1.</p>
<p>FAFSA has to be submitted between February 15 and May 1. Profile has to be submitted by February 15.</p>
<p>For FAFSA you only need info of custodial parent, although CSS/Profile wants info from both parents. But this has nothing to do with who takes you as a dependent on tax forms, so your parents should not change that for financial aid purposes.</p>
<p>Whichever of your parents you lived with the most is the one that goes on the FAFSA. If they're the same, then financially supported you more over the past 12 months? Use their info. If it's <em>exactly</em> 50/50, then check with the financial aid administrators at your school.</p>