Student Assets on FAFSA
- Paper bonds can be transferred using this form.
- If the savings bonds were bought through TreasuryDirect using a minor-linked account, login to the account and file form PD F 5446.
- If the bonds were purchased through TreasuryDirect and are not a minor-linked account, you can simply login and update the savings bond registration directly.
Other College Tuition Funding SourcesIf you’re looking for ways to pay for college outside of savings and merit or financial aid, you do have a few options:
- Non-institutional scholarships and grants: Your child’s college or university will likely distribute a merit aid package when they deliver the admission decision. These are institutional awards. However, there are hundreds of thousands of scholarships out there from private organizations, non-for-profits, and community organizations. By filling out a profile on Fastweb, your child can get matched to scholarships that they actually qualify for – and it’s free!
- Part-time jobs and paid internships: Your child can work part-time throughout the semester or when they’re home for winter and summer breaks. Money from these opportunities can be utilized to cover college costs, and they’ll also work to enhance your child’s resume. Some employers are even offering tuition assistance to part-time employees. It’s worth exploring those options to get help paying for college.
- Education tax benefits: Each year, you are eligible to claim one education tax credit per child, or parent if you are enrolled in continuing education as well. The Lifetime Learning Tax Credit can be claimed for up to $2,000, while the American Opportunity Tax Credit is worth up to $2,500.