Transcript Dartmouth College – Current Process CSS/PROFILE® adapted for International Students Laura McClay

Dartmouth College – Current Process
CSS/PROFILE® adapted for International
Students
Laura McClay
Dartmouth College
Julia Padgett
The College Board
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Approximately 8% of Our Undergraduate
Students are International Students
From: Australia, Belize, Bosnia, Bulgaria,
Cameroon, Canada, Cape Verde, Chile, Croatia,
Ecuador, France, Ghana, Hong Kong, Hungary,
India, Iraq, Israel, Italy, Jamaica, Japan,
Kazakhstan, Lesotho, Milasiysta, Mexico,
Namibia, Nepal, Nigeria, Pakistan, People’s
Republic of China, Peru, Republic of Korea,
Singapore, Sweden, Tonga, Turkey, Ukraine,
United Kingdom, Vietnam, Zimbabwe…
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Need Blind Admission
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Financial Aid is Awarded to Meet Full Need
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Highly competitive
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International Living in Their Home Country
International Living in Another Country
International Living in the US
Canadian Citizens
Undocumented Students
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US Citizens Living in Another Country
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Gather Information About Income & Assets
◦ Dartmouth Institutional Form
◦ International Student Financial Aid Application
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Verification of Data Provided
◦ Letters or translated documents from employers
◦ Income tax returns & bank statements
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Look to move to a web-based system
REQUIRED FORMS FOR INTERNATIONAL AND CANADIAN FRESHMAN APPLICANTS:
Citizenship
Residency
Parents Live
in U.S.
Parents Live
in Canada
Parents Live
in Foreign Country
International/Mexican
PROFILE
US TaxP
US TaxS
Canadian App.
Canadian TaxP
Canadian TaxS
International App.
TaxP of country
TaxS of country
Canadian
PROFILE
Canadian App.
International App.
US TaxS
Canadian TaxS
TaxS of country
US or PR with
US parents
FAFSA
PROFILE
US TaxP
US TaxS
FAFSA
PROFILE
Canadian TaxP
Canadian TaxS
Canadian App
FAFSA
PROFILE
TaxP of country
TaxS of country
International App
US or PR with
non-US parents
FAFSA
PROFILE
US TaxP
US TaxS
FAFSA
PROFILE
Canadian TaxP
Canadian TaxS
Canadian App
FAFSA
PROFILE
TaxP of country
TaxS of country
International App
US TaxP
Canadian TaxP
TaxP of country
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General Information Requirements:
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Name
Nationality
Residency
Household size/Number in College
Parents’ Marital Status & Occupation(s)
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General Information Requirements (cont.):
◦ Household Income From All Sources:
 Parents & Other Household Members
 Holdings & Business Income
 Interest/Dividends, Rental Income
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General Information Requirements (cont.):
◦ Family Assets
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Home, Other Real Estate
Business Worth/Equity
Savings and Investment
Jewelry, Artwork
◦ Student Assets
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General Information Requirements (cont.):
◦ Family Expenses:
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Rent/Mortgage & Utilities
Food
Clothing
Medical
Educational Expenses
Taxes
Savings/Retirement
Other: Insurance, support to extended family, etc.
◦ Planned Family Support to the Student
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The contribution from income:
(Total Income - Total Allowances) X .5=Available Income
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Contribution from assets:
(Liquid Assets + business value) X .15= Asset Contribution
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Total Expected Parent contribution:
Available Income + Asset Contribution ÷ by number in
college percentage
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Special Considerations:
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IPA vs. Actual Expenses
Comparative Results (old/new/offers)
Culture (mortgages, jewelry, artwork, servants)
Web forms/Web access
Trends and Historical Information
Local economy within each country (Paris vs.
Provence/Madrid vs. Seville)
Bottom Line:
When dealing with international students
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professional judgment rules!
The Application
The Methodology
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Anticipated launch – October 1, 2009 for the
2010-2011 academic year
Not a new application – PROFILE questions,
computation and data delivery adapted for
international students
International application is built in PROFILE
registration
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All questions presented in English; responses must
be in English
Parental data required from all international and
Canadian students
International students pay same fees as domestic
students; Fee Payment Codes can be used
Schools can sign up on Service Options Form
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International student process includes
Noncustodial PROFILE (NCP) data collection for
schools that participate in NCP
IDOC can be used for international students.
Document images scanned, no key entered data
College Board will continue to support PDF version
of International Student Financial Aid Application
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Includes most questions from current CSS
International Student Financial Aid Application
Students answer in currency of country in which
they live
If parent country of residence not U.S. or Canada –
families receive questions about expenses
Schools can use/add Supplemental Questions
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Students access application at collegeboard.com
Same payment options as for domestic filerscredit/debit card, check from U.S. bank
Fee Payment codes can be used
Education USA centers and Open Doors can assist
with access and payment issues
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Need analysis based on standard Institutional
Methodology approach
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INAS will support the International IM comp; all
options to be set in software
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IM tables converted in IM parent contribution based
on country’s coefficient
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Coefficient calculated by dividing country’s Gross
Domestic Product (GDP) by population
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Data provided to schools in U.S. dollars, converted
once annually prior to start-up
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Table of currency rates included in PROFILE User
Guide; rate for applicant in data file
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Schools can update and recalculate parent
contribution in software as they do for domestic
PROFILE filers
No student contribution computed for international
students
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No FNARS produced for international students
Separate Data Delivery files for domestic and
international students
List of participating institutions on finaid online
Certification of Finances PDF posted to finaid
online