CSS Profile: does 'mortgage payment' include PITI?

Paying for College
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<li>that is principal, interest, taxes and insurance? We do not escrow and so our mortage payment is only PI. so I am asking what is the sense in which CSS is asking about this term.</li>
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<p>According to <a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1037195-important-profile-questions-call-collegeboard.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1037195-important-profile-questions-call-collegeboard.html&lt;/a&gt;, it does not. It only includes principal and interest.</p>

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<p>Yes, only principal and interest. I called Collegeboard yesterday to confirm this.</p>

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<p>If you itemize, the property taxes shows up on the Schedule A question.</p>

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<p>whoa. I am glad I asked - and thanks for that link - since I had already put in PITI. I guarantee that many people - ESPECIALLY people who escrow, which is the norm - would assume that mortgage payment is what they send to the mortgage company, PITI. I guarantee this is what most people write in that bucket. They should clarify this in the help.</p>

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<p>do you happen to recall which question that was? I don;t recall seeing a sched A question.</p>

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<p>I don’t know if everyone gets asked the same questions because it generates a form based on your registration input, but on mine question PI-150B asks about 2010 itemized deductions, and PP-110A asks about 2009. Not sure if they asked about 2011.</p>

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<p>Doesn’t PI 150A just ask what was the amount of your itemized deductions? How would they know how much of that amount had to do with mortgage payments?</p>

<p>We take the standard deduction, so it’s just a “zero” for me – but for those that itemize does it ask how much of your itemized expenses are for mortgage payments?</p>

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<p>They ask for your itemized deduction, which if you itemize, includes your property taxes as well as your mortgage interest. I’m not sure how they use the numbers, but your property tax is thrown in there somewhere since it is in the itemized deductions. If you enter zero for that line, they must use the standard deduction for you, 'rent.</p>