<p>There is a part on the CSS PROFILE that has you estimate your parents **2010 **income. Is this section important? I thought only your parents 2009 data mattered for 2010-2011 financial aid. </p>
<p>I'm asking because I messed up on an estimate, and submitted a PROFILE that has one of my parents estimated income to be $20000 higher than it probably will be. Will this affect my aid? I plan on correcting this, with other figures after my parents do taxes in February. Will it be too late?</p>
<p>The absolute best way to find an answer to your question is to call the college financial aid offices and ask.</p>
<p>I doubt an estimation error on taxes for a year that has barely begun will have any effect on aid – things change, people lose jobs, they lose on investments, they have major medical problems… anything can happen in the course of a year. Need-based aid is assessed yearly for that reason.</p>
<p>But I don’t know for sure how any given school will look at the information you sent them, and nobody on this board will know for sure either.</p>
<p>Call them. Ask them if you should send in corrections for that now, even before any other corrections you might need to make when your taxes are done.</p>