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Got Work-Study?
Work study falls under the self-help column of financial aid. If your aid award includes work-study, you should understand what it is.
Appealing a Financial Aid Award
About 3/4 of families who appeal their financial aid award receive additional aid. Yet less than half appeal. Here’s how to get more money from the colleges you’re considering.
Comparing Financial Aid Awards
We’re almost there: acceptance letters are arriving and the May 1 decision day is right around the corner. For most families, how much schools cost is part of the decision making process.
How Much Should You Save for College?
Saving for college feels like the ultimate moving-the-goalposts goal. How can you make good choices about college savings that won’t derail your family’s other priorities?
When Do You Pay College Costs?
After years of saving, it’s time to switch gears and start paying for college. But when do the bills come?
Tuition Differentials
Tuition differentials can add significantly to the cost of college. What are they, and will you have to pay them?
Education Tax Credits: The AOTC and LLC
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.
The Problem with Parent PLUS Loans
Many financial aid packages include Parent PLUS loans. While these loans can appear to be a good way to close funding gaps, too often they trap older Americans in a debt spiral.
More FAFSA Delays. Now What?
FAFSA data has been delayed again, this time until March. What should you do?
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.
529s Are a Financial Aid Powerhouse
What’s the secret sauce of 529s? It’s how great they are for financial aid purposes.
New Year’s Resolutions
Happy 2023! 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.
Get Ready: The FAFSA Is Coming
The FAFSA will be available on Dec. 31. Here’s what you need to do to file it.