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Lifetime Learning Tax Credit

Lifetime Learning Tax Credit

The Lifetime Learning provides a federal income tax credit of up to $2,000 per taxpayer based on the first $10,000 in postsecondary tuition and fees paid by the taxpayer during the ...

Mark Kantrowitz
Published May 18, 2009
Beyond Sticker Shock - Extracurricular College Costs

Beyond Sticker Shock - Extracurricular College Costs

You've probably already calculated tuition bills and costs for room and board. Yet the hidden costs of college — from pizza to airfare, from library fines to laundry money — can ...

By Kathleen Carmichael, Ph.D.
Published June 5, 2007
Student Loan Interest Deduction

Student Loan Interest Deduction

Borrowers of federal and private education loans may deduct up to $2,500 in interest as an above-the-line exclusion from income. This deduction may be taken even if the taxpayer does not ...

Mark Kantrowitz
Published May 18, 2009
How to Complete the FAFSA when a Parent Didn't File her Federal Income Tax Return

How to Complete the FAFSA when a Parent Didn't File her Federal Income Tax Return

I have a problem with my FAFSA. My mom didn't file her income tax returns last year. What do I use when I fill out my FAFSA form? — Erica H. ...

Mark Kantrowitz
Published November 8, 2010
Clearing Up Confusion. What are Parents Responsible for on FAFSA?

Clearing Up Confusion. What are Parents Responsible for on FAFSA?

There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on ...

Mark Kantrowitz
Published January 25, 2010
Employer Tuition Assistance

Employer Tuition Assistance

Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, ...

Mark Kantrowitz
Published May 18, 2009
How Do You Complete the FAFSA When a Parent is Undocumented?

How Do You Complete the FAFSA When a Parent is Undocumented?

I live with my mother and my brothers. My mother is undocumented and does not work. However, I am a permanent resident and my brothers were born here in the United ...

Mark Kantrowitz
Published August 2, 2010
The Elephant in the Room

The Elephant in the Room

Find out how to discuss the elephant in the room when it comes to paying for college.

By The About U Team
Published September 2, 2009
When must a Non-Custodial Parent Count a Child in Household Size?

When must a Non-Custodial Parent Count a Child in Household Size?

I am remarried and my husband pays child support for his two children that live with their mother. They pass the support test. Do we include his children in our household ...

Mark Kantrowitz
Published January 21, 2013
How to Pay for College After a Recent Bankruptcy Discharge

How to Pay for College After a Recent Bankruptcy Discharge

Find out how bankruptcy affects paying for college.

Mark Kantrowitz
Published June 18, 2012
New Husband Refuses to Help with College Costs

New Husband Refuses to Help with College Costs

I have been a single mother raising twin daughters pretty much all their life but recently (2 years ago) remarried a fairly successful man who has from day one said he ...

Mark Kantrowitz
Published November 7, 2011
How Do I Fix an Non-Qualified Distribution from a College Savings Plan?

How Do I Fix an Non-Qualified Distribution from a College Savings Plan?

I had a CollegeSure CD for my son who started college last fall. After the CD matured in August, I cashed it out and put the money in a savings account ...

Mark Kantrowitz
Published April 4, 2011
How Does a Pending Foreclosure or Short Sale Affect Financial Aid?

How Does a Pending Foreclosure or Short Sale Affect Financial Aid?

How do we answer the question "Do you own your home" on financial aid forms when we are in pre-foreclosure? We are not yet in active foreclosure, but are several years ...

Mark Kantrowitz
Published January 28, 2013
Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

Advice for married couples seeking to repay debt and maintain tax benefits.

Mark Kantrowitz
Published June 25, 2012
The New FAFSA: What’s In It for You?

The New FAFSA: What’s In It for You?

Benefits of the new FAFSA release date -- October 1.

By Kathryn Knight Randolph
Published July 1, 2016
Answers to Common Questions about Dependency Status and Financial Aid

Answers to Common Questions about Dependency Status and Financial Aid

Will my daughter's chances for receiving financial aid be higher if we don't claim her on our taxes? Household income is about $85,000 and she did not qualify for financial aid ...

Mark Kantrowitz
Published November 14, 2011
Conflicting Information about Trends in Net College Costs

Conflicting Information about Trends in Net College Costs

A report released today by The Center for College Affordability and Productivity (CCAP), discusses trends in net tuition and net price at US colleges and universities. Net Tuition and Net Price ...

Mark Kantrowitz
Published November 17, 2011
Impact of a Government Shutdown on Student Financial Aid

Impact of a Government Shutdown on Student Financial Aid

If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, ...

Mark Kantrowitz
Published April 8, 2011
10 Best Colleges for Work Study Jobs and Aid

10 Best Colleges for Work Study Jobs and Aid

Does your college choice offer the most work study aid?

By Kathryn Knight Randolph
Published October 8, 2014
Congress Passes One-Year Interest Rate Freeze

Congress Passes One-Year Interest Rate Freeze

Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with ...

Mark Kantrowitz
Published June 29, 2012