Are you a student looking to save money while pursuing higher education? Most students are familiar with financial aid programs like the Free Application for Federal Student Aid (FAFSA®), but did you know that there are additional ways to reduce…
When it’s time to prepare for college, financial aid becomes a crucial aspect to consider. Alongside scholarships and grants, there is another potential opportunity to ease the burden of student loans: student loan deductions on your taxes. In this article,…
Are you wondering how to handle your FAFSA® money on your tax return? When it comes to grants, scholarships, and federal student loans, navigating the tax implications can be confusing. In this comprehensive guide, we’ll break down the rules and…
When it comes to financing college education, there are various options available, including utilizing the federal gift tax exclusion for tuition payments. In this article, we will explore the concept of annual exclusion gifts, eligibility requirements, and the benefits of…
The cost of higher education can be a significant burden on students and their families. However, there are various tax benefits available that can help offset these expenses. In this article, we explore the different types of tax credits, tax…
Regardless of how much money you decide to borrow or from what source, student loans are not taxable income. The reason this money isn’t reported as taxable income is that you’re expected to pay the money back at some point,…
The cost of college education can be a significant burden on both students and their families. While financial aid offers some relief, it may not always cover all the expenses. However, there are several creative ways to save money and…
Finding college aid is a combination of filling out the FAFSA® and looking for other kinds of aid, like scholarships. Because the cost of college is rising, most students or their families cannot afford to pay for college out-of-pocket. That…
If you’ve recently received your financial aid package and were surprised to see that your Pell Grant is lower than expected, you’re not alone. Many students wonder why they didn’t receive the full amount they were hoping for. In this…
Are you a resident of New York State who is seeking financial aid to support your college education? The Tuition Assistance Program (TAP) might be the solution for you. In this article, we will delve into the details of TAP,…
