Hello all. I am a high school senior and a first-time user of CC, and so for my first question: I noticed that on the CSS profile, it requires us to list any sources of past income. I make some money collecting recyclables and tutoring kids for SAT prep; does this merit a report on the profile? I don’t work for a tutoring company or anything like that, I just organize sessions over text and meet with them at a local library. Thanks.
If they pay you, it’s income.
Remember…for the 2018-2019 FAFSA, you are using income from 2016.
Did you earn this sort of income in 2016?
@thumper1 No, I only started doing paid tutoring this school year, but I’ve been in the recycleable business (hehe) since middle school I believe.
You need to put whatever income you got in 2016. I’m guessing given the amounts you didn’t get any 1099s or file taxes, so if you didn’t track it carefully you’ll have to make your best estimation. Be honest and you’ll sleep better.
I agree, be honest. Lots of kids probably “forget” about this income, and only list what they have filed on their taxes.
Doesn’t sound like a large amount. ?