I was hasty filling out and submitting FAFSA. I just used the 2013 tax return. I won’t have
2014 W2 until 1/31 or so. The reason I say hasty is that I sold some stocks which makes my
income appear higher than reality. Some of S1’s schools appear to want CSS completed by Feb 2.
Am I under the gun to enter corrections to FAFSA before entering the CSS or are
the two entirely unrelated? Would I be fine entering the CSS now and then correcting
the FAFSA with 2014 data say February 15?
The two are related in that they use the same asset and income numbers. No need to reaccomplish the FAFSA first though. Hopefully the FAFSA won’t be too much later because I think schools do make sure the data matches up.
It does not need to have the same asset numbers as they can be filed on different dates. However, the income figures should match or the school will use the FAFSA data to verify the CSS profile submission for the income part. For some schools my D applied last year, the CSS profile was due in November. There is no way to have FAFSA submission to match the asset from a couple months ago unless you only have cash on hand.
Stocks sold in 2013 or 2014?
@patertrium do you mean your 2013 income was higher than typical because of stock sales?
Asking coz thats our situation, haven’t filed fafsa yet.
@scholarme Yes - I had stock sales in 2013 and none in 2014.