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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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CARES Act College Funding: Cash for Students
Following up on yesterday’s post. How does a student get cash from his school’s emergency student aid grant under the CARES Act? It depends on the school, and most have not formalized their policies yet.
College Students and Stimulus Payments
Parents of college students have likely heard that those students– if claimed as dependents on their parents’ 2019 taxes– are not eligible for the $1,200 stimulus payment.
What Can You Learn From a Crisis?
You know the saying, “Experience is what you get when you don’t get what you want?” 2020 is setting itself up to be a year full of experience.
What Now? What’s Next?
If you have college students like mine, you’re probably figuring out how to move them home. If they’re seniors, they’re probably wondering about whether they’ll have graduation, how they’ll get job interviews, even how they could get started on a career.
Dept of Ed Guidance on Academic Interruptions due to Coronavirus
The Department of Education released guidance on 5 potential scenarios for academic interruptions due to the coronavirus and their impacts on Title IV financial aid:
Free Money: AOTC Claiming Strategies
Once upon a time, the American Opportunity Tax Credit was a pretty simple proposition: Families could get a $2,500 annual tax credit for $4,000 of out-of-pocket college tuition expenses for their dependent student, as long as their income was below the IRS threshold for the credit.
What do I do with Form 1098-T?
Form 1098-T is a tuition statement that colleges and universities are required to provide. The 1098-T shows “payments received for qualified tuition and related expenses” and scholarships received, provided they either came from the college or were disbursed directly to the college.
Want to make big $$ this summer?
The Census is hiring and in the current low-unemployment job market, the Census Bureau has increased wages in the hopes of attracting enough workers.
What Did We Learn in College?
A few timely observations from my personal experience with college for you and your student to consider.
Retirement Contributions and College
One question I get most often is how to balance saving for retirement and college. That’s impossible to have a one-size fits all answer, so here’s more to help you understand how retirement savings impact college.
2020 Rhodes Scholars
What do Harvard, Yale, MIT, Princeton, University of Connecticut, University of Oklahoma, Ohio State, Washington & Lee, Notre Dame and Michigan State have in common? Each had a student selected as one of this year’s Rhodes Scholars.
My socials are full of prom and graduation pictures, which means it’s time to talk about how you get money out of the 529 plan to which you’ve been diligently (or otherwise) contributing.