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Parents, don't leave free money for your students lying around! A 2018 NerdWallet study found that eligible high school seniors left $2.6 billion worth on the table. Regardless of income or wealth, filling out the Free Application for Federal Student Aid (FAFSA) should be the first step for any student. Read on for details on the basics, the complexities and the results.
If you have a student heading off to college soon, now might be a good time to review your options for saving money on college expenses. A good place to start? Two tax credits – the AOTC and the Lifetime Learning Credit – that can reduce your tax liability by up to $2500 and $2000, respectively. We discuss the criteria for these credits and which might be better for your particular situation.
Do you know what post-high school educational expenses qualify for tax-free reimbursement from your child’s 529 account? It’s important to know what expenses do qualify in order to avoid paying taxes and a penalty for those expenses that don’t.
Completing the Federal Application for Student Aid (FAFSA) to apply for financial aid for your college-bound child is a stressful process that can tie up your free time for weeks.
With the cost of college increasing; students acquiring significant debt; and the sluggish job market, is it worth getting a college degree?