CSS Profile.. "as of today"

Paying for College
1

<p>There are a few questions on the CSS profile that ask for the total value of investments, bank accounts, etc. "as of today". Well, with the given market volatility that value can (and has been) radically changing from day to day. Is the value listed on the most recent statement acceptable as an answer to this question? Is that ok even if the most recent statement was from the end of the previous quarter (which could be 2-3 months old)?</p>

<p>Also, am I considered to be a 'beneficiary of a trust' if my father is the custodian of some of my investment accounts?</p>

<p>The main reason I'm worrying about this right now is because Caltech wants my CSS profile in by Nov. 15. Thanks for your help</p>

2

<p>It would be to your advantage to find out what the value of those accounts are as of today, since they are probably worth less than they were two or three months ago. A lower value would have a favorable impact on your possible financial aid.</p>

3

<p>Yes it is the value as of the day you are filling out the form. Most of the time, if you are beneficiary of a trust, the assets are considered yours, but you had better check your particular situation with a college financial aid office as it might be something that is considered otherwise.</p>

4

<p>My husband was the custodian of some shares we bought for our kids. It was not a trust though.</p>