Important Documents for US University Scholarship
Many students and parents look for US colleges offering scholarships to international students. So, in this article Masterclass Space’s expert counsellor has penned down important documents required for scholarship.CSS is a short form of the College Scholarship Service Profile. It is an online application maintained by the College Board of present and incoming students to provide non-federal financial aid. CSS profile aims to give its member institution an overall look over the financial and family situation of students and their families to use it as a base to provide institutional financial aid.
Required Documents for CSS Profile for Students from India
1. Income Tax Returns: The most recent Indian income tax returns (Form ITR) for the student and their parents, including all schedules and supporting documents.
2. Proof of Income: Salary slips or pay stubs for the current year for both the student and their parents. Any other records of income, such as business income statements if applicable.
3. Bank Statements: Current statements for all bank accounts held by the student and parents.
4. Investment Records: Statements for any stocks, bonds, mutual funds, fixed deposits, or other investments.
5. Property and Asset Records: Documentation of any real estate holdings, including the current market value and any mortgage information.
Note: Information about other significant assets, such as vehicles or valuable personal property.
6. Records of Untaxed Income and Benefits:
Statements of any untaxed income, such as:
• Child support received.
• Contributions to retirement savings accounts.
• Housing allowances or other non-taxable benefits.
7. Business/Farm Records (if applicable):
Financial statements for any businesses or farms owned by the family, including profit and loss statements and balance sheets.
8. Educational Expenses:
Receipts or statements for tuition, fees, and other educational expenses for any family members currently attending school or college.
9. Non-Custodial Parent Information (if applicable):
If parents are divorced or separated, the non-custodial parent must provide financial information. This may include:
• Non-Custodial Parent Profile.
• Non-custodial parent’s income tax returns and salary slips.
10. Records of Debts:
Information on any outstanding debts, such as credit card balances, personal loans, or other liabilities.
11. Documentation of Unusual Financial Circumstances:
Documentation of any significant changes in income or expenses, such as:
• Medical bills or healthcare expenses.
• Divorce or separation-related costs.
• Job loss or significant reduction in income.
12. Proof of Residency (if applicable):
Documentation to verify residency status, which may be required by some institutions.
13. Scholarship and Financial Aid Awards:
Documentation of any scholarships, grants, or financial aid received from other sources.
Now, for those who keenly look for US colleges offering scholarships to international students, it is time to discuss the steps for submitting the documents.
Steps to Submit Documents:
Complete the CSS Profile:
Fill out the CSS Profile online at the College Board CSS Profile website.
Submit it by the deadline, including the correct school codes for each institution you are applying to.
Submit Supporting Documents via IDOC:
After completing the CSS Profile, you may need to submit additional documents through the College Board's Institutional Documentation Service (IDOC).
Upload required tax forms, salary slips, and other financial documents as specified.
Precautions:
Start Early: Begin gathering all necessary documents well in advance of the application deadlines.
Double-Check Information: Ensure all information entered on the CSS Profile is accurate and complete.
Keep Copies: Maintain copies of all documents you submit for your records.
Secure Information: Protect your personal and financial information by using secure, trusted devices and networks when completing the application.
Respond Promptly: If the College Board or any institution requests additional information, respond quickly to avoid delays in processing your financial aid application.
US colleges offering scholarships to international students are enough but you need to follow proper steps to apply for the scholarship. For further guidance, Masterclass Space expert consultants can help you navigate smoothly through the college prep journey.
