Featured

📌 Before You File the FAFSA

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. 🔗

Most recent posts

Highlights



Categories

The FAFSA & CSS Profile

Saving for College

Paying for College

 

Student Loans

Application Process

Miscellaneous

All blog posts

Ann Garcia Ann Garcia

Waitlisted?

Did you get waitlisted at your top choice college? Here’s what you need to know about that.

Read More
Ann Garcia Ann Garcia

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?

Read More
Ann Garcia Ann Garcia

Tuition Differentials

Tuition differentials can add significantly to the cost of college. What are they, and will you have to pay them?

Read More
Ann Garcia Ann Garcia

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.

Read More
Paying for College Ann Garcia Paying for College Ann Garcia

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.

Read More