Show Me the Money…for College
January 20, 2010 | Todd G.
This is a quick reminder to all of you out there of some important financial aid information. If you aren’t already aware the deadline for the FAFSA form is March 1st. According to this story, the FAFSA form is supposed to be easier this year to fill out. So start getting your information gathered to fill out the form and get some cash for college. In addition to the financial aid deadline, this article over at ABC News details the latest tax credits available to college students. Apparently, the maximum annual credit has now increased and there are some other temporary tax credits you should know about.
Further, college students are not only getting tax credits they are also eligible for new kinds of deductions, which will help lower your taxable income. Deductions are available for business-related educational expenses as well as for a number of other reasons, like interest from student loans. With tuitions on the rise at colleges across the country – and a nearly trillion dollar stimulus package working its way through the system – now is the time to seek out Federal aid and take advantage of tax savings!
