While both are used for financial aid, the CSS Profile typically differs from the FAFSA in that it is?

The correct answer to the question "While both are used for financial aid, the CSS Profile typically differs from the FAFSA in that it is?" is Option B: Required by a smaller number of mostly private institutions to award institutional aid..

The other options — A) Exclusively for federal aid, while FAFSA is for institutional aid., C) Only for students applying for merit-based scholarships., D) Submitted after a student has been accepted to a college. — are incorrect for this College Advising question. As explained above: The CSS Profile, administered by College Board, is typically required by a select group of primarily private colleges and universities to award their own institutional aid, while FAFSA is for federal…