reporting investments in CSS Profile... please read =[

Paying for College
1

<p>So me and my husband possess a CD with a $12,000 value. The CSS Profile asks us for all of our investments/(CDs) and this would require us to state $12,000. The only issue I have with this, is that we will begin drawing from the CD in early January, and by the time a college will even receive official reports, we will have drawn over half of it to pay bills.</p>

<p>What options do we have so that an accurate picture is painted. I don't want these colleges to believe we have money that we truly don't have. Thank you guys!!</p>

2

<p>Pay the bills first, and then file CSS and/or FAFSA.</p>

3

<p>If this $12K CD is your only asset, it would likely be protected as you do get some asset protection according to the FAFSA formula.</p>

<p>However, Swimcatsmom is correct. If you don’t want to report it at all…it needs to be spent prior to your initial FAFSA filing.</p>