I filled it out this yr and the question is there. I recall because they wanted the balance from the last quarterly statement.
@Aguadecoco Not sure I understand what you are saying.
IIRC, there are two questions on the Profile related to retirement accounts. One asks for your balance in those accounts. The second question asks for your contribution to tax deferred retirement accounts for the tax year for your FAFSA.
Soā¦if you are completing a 2021-2022 Profile you will be using 2019 contribution informationā¦and the balances in the accounts should be as of the day of filingā¦not your quarterly statement.
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I recall the question said the retirement account balance and when I click on the question mark that gives an explanation, it said balance on your last statement.
I could be wrong, but the point is the question is there this year.
**moderatorās note]\b]
Since Opās question has been answered, there is no need for this thread to remain open. closing thread.
This is an interesting perspective and discussion. After speaking with several college advisors and career college advisors, it seems you are both correct. Merit aid is indeed based on high academic indicators but their institutional profile, the CSS profile, absolutely can be used to determine how much merit aid to provide if need-based aid is not awarded. Merit aid is called ātuition deductionā inside the industry because it is in part merit, in part a part a highly proprietary calculated equation of ensuring enough student seats get filled, ensuring retention, ensuring higher graduation rates, etc for a specific school. Even as a non-profit, their also operate like a business to survive. Many schools give different amounts of merit aid based on the CSS profile. Again, this is not my personal experience but only learned through webinars and meetings with college financial planners and advisors. Very eye opening!
Closing old thread.