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The new Simplified FAFSA is here! Here’s a quick video with some tips that will help you get through it with a minimum of chaos and maximum of financial aid. 🔗
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What Does the Department of Education Do?
Do we need a Department of Education? To answer that, it’s helpful to know what it actually does.
Claiming the American Opportunity Tax Credit
It’s tax time, which means it’s time to claim education tax credits you may be eligible for. Unfortunately, a lot of tax software programs don’t provide good instructions for doing so, so it’s a good idea to pull up the instructions for Form 8863 and review them before filing.
Form 1098-T and 1099-Q
Form 1098-T is a tuition statement that students receive from their college. It serves two primary purposes:
Documenting eligibility to claim the American Opportunity Tax Credit or Lifetime Learning Credit
Documenting that the student was enrolled in a college and that 529 withdrawals up to net cost of attendance are therefore qualified
Form 1098-T isn't filed with your taxes; instead, you use the information to file and then keep it for your records.
New Year’s Resolutions
Happy 2025! Last year I made a New Year’s Resolution and kept it. That makes me a self-appointed expert on New Year’s resolutions. Here are some resolutions for parents planning for college— and my expert advice on how to keep your resolutions.
Talking to Your Kids About Money
Talking to your kids about money is awkward at best. Here are some strategies to make those conversations less fraught and more productive.
Supersize Your 529
One of the best ways to save for college is to have other people do it for you. Here’s how.
2024 Rhodes Scholars
What do the University of Alabama, Harvard, Pepperdine and Yale have in common? At least one student from each won a Rhodes Scholarship this year.
Do we need a Department of Education? To answer that, it’s helpful to know what it actually does.