FAFSA And CSS Profile: Which Divorced Parent’s Income Should Be Reported?

On the FAFSA college financial aid form kids of divorced parents list the custodial parent’s financial information, but if the college also requires the CSS Profile college aid form, both the custodial and non-custodial parents financial information must be reported. Tip: Divorced parents, you better identify ahead of time which colleges require which aid forms, because the reporting difference can mean your child could qualify for tens of thousands of dollars in aid at one college and absolutely no aid at another college.