Stumped over the tax-related section of your Free Application for Federal Student Aid (FAFSA)? Need to get your tax data pulled out as soon as possible? Want to handle your application from the comfort of your own home? The soon-to-be-released IRS Data Retrieval Tool (DRT) will be able to make your life a bit easier…. Read more »
Worrying about America’s Addiction to Student Loans
Education is the key to a better future, yes, but what happens when that “key” has strings attached to a huge boulder? I am talking about student loan debt, of course. Look at it this way: The NY Fed reported in its August report that outstanding student loan debt is at $550 billion. It revised… Read more »
Education Tax Credit
In addition to loans and grants, the federal government offers a series of tax benefits for college students and their parents. This credit offsets the cost of tuition, fees, textbooks, supplies, and equipment for higher education by reducing the amount of income tax you are liable for. There are two tax credits available to help… Read more »
The Top 10 Most Common FAFSA Mistakes
Although you may meet all the requirements to receive federal student aid, there’s still one obstacle that can prevent you from getting the aid you deserve: “making a mistake when you fill out your FAFSA“. To ensure you don’t jeopardize the support you’re eligible to receive, you need to avoid these top 10 most common… Read more »
Your Student Aid Report (SAR)
The Free Application for Federal Student Aid (FAFSA) allows prospective undergrad and grad students to apply for federal student aid. What most students don’t know, however, is what the Student Aid Report (SAR) is and what they need to do with the SAR once they receive it. Simply put, the SAR is a summary of… Read more »
FAFSA Deadline — Financial Aid Deadline
For the 2011-2012 school year, your FAFSA application must be submitted no later than June 30, 2012. For the 2012-2013 school year, you must wait until January 1, 2012 to submit the FAFSA but no later than June 30, 2013. The Federal FAFSA Deadline is June 30 each year. The U.S. Department of Education deems… Read more »