The College Board’s CSS Profile, a supplemental financial-aid form used by more than 200 colleges to award their own aid, will shift to using "prior-prior year" tax data, the chair of the organization’s board has informed its trustees. The board made the decision in a unanimous vote on Wednesday.
The College Board’s decision answers a lingering question about how the Free Application for Federal Student Aid’s shift to prior-prior year, announced in September, will play out. The change in the Fafsa process will allow students to file for aid earlier and more easily, and is widely seen as an improvement for them — but it does raise some new concerns. Knowing that the Fafsa and the Profile form will continue to ask families about their finances for the same year crosses one of those off the list.
Read more at The Chronicle of Higher Education: http://chronicle.com/blogs/ticker/college-boards-css-profile-will-also-use-older-tax-data/107114