All employers, schools, organizations, etc. are required to send your tax information to you by January 31 of each year. Examples: W-2s (from your employer- record of wages earned) 1098T (record of college tuition and fees) 1099 Misc (record of non employer wages) ***For more information visit www.irs.gov. If you are planning to attend [...]
Student loans are a wonderful and useful tool that you can use to support your college education. The problem is, many students and parents are borrowing to fill in their lifestyle gap and that is not what it was meant to do. Do not borrow more than you absolutely NEED to go to college. On [...]
Are you a graduating senior? Congratulations! You are about to enter the "real world." That’s the good news. The bad news is the economy is still unstable – and the class of 2011 is graduating with a higher student loan burden than any class in history. Not only is harder than ever to find a [...]
For high school seniors, spring is a nerve-racking season to walk to your mailbox! First, there is the much anticipated acceptance letter. But even more important, there is your financial aid award letter. If you completed the FAFSA and applied for financial aid for the 2011-2012 year, you should be getting your financial aid award [...]
Conventional wisdom has always held that student loan debt is "good debt". Meaning it is debt taken out for a long-term investment – like a mortgage on your home, which will pay dividends in the future. What kind of dividends? Well, we know, for example, that college graduates make an average of one million dollars more [...]
The U.S. Congress is struggling to agree on the budget and whatever state you live in is struggling too. One of the big problems is that much of the fluff has already been cut and there are not a lot of discretionary areas to reduce spending. Education is one of the targets. How does that [...]
A new law to make private student loans eligible for discharge in a bankruptcy is being debated by the U.S. Congress. It is stands right now, no student loans — neither federal nor private — can be discharged in a bankruptcy. Unlike home loans, car loans and credit card debt, so-called “education loans” are exempt [...]
At least 50 colleges have signed a pledge that they will remain fully committed to meeting their students’ financial aid needs without necessitating student loans – regardless of the impact of the economic crisis on their endowments, reports the non-profit Project on Student Debt. Although there are thousands of colleges and universities across the United [...]
