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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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UTMAs and the FAFSA
UTMA accounts are great for a lot of things. Financial aid isn't one of them. Here's what you need to know if your student has a UTMA.
New (School) Year’s Resolutions
It’s a new school year, so let’s kick it off with some New Year’s Resolutions.
FAFSA: Is it Income?
The FAFSA asks about income numerous ways: it collects your tax return data through the IRS Data Retrieval Tool and then poses a number of additional questions about income. So let’s look at those.
FAFSA: Is it an Asset?
What is and isn’t an asset on the FAFSA? Here’s a quick “is it or isn’t it?” for you.
How to Visit Colleges
Checking out colleges this summer? Whether you’re going in-person or virtual, here are some tips to get the most out of your visits.
Top 10 Reasons to Use a 529
In honor of 529 Day, here are the top 10 reasons to use a 529 college savings plan to save for college.
College Tuition Is on Sale!
We keep hearing about tuition increases, but it turns out that the actual cost of college is going down. What does this mean for students and families?
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.