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📌 Before You File the FAFSA

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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Paying for College Ann Garcia Paying for College Ann Garcia

What Do You Do With 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.

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Paying for College Ann Garcia Paying for College Ann Garcia

Financial Aid Basics

There’s a ton of talk about the FAFSA right now, which on the one hand makes sense because it will be available next week. (Yes, all evidence to the contrary, time does continue marching forward with the result that Oct. 1 arrives next week.)

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