NEW YORK —There are lots of things college students and their parents should keep in mind before filing their taxes, and while tax pros say it’s great for college students to start filing their own forms, parents and students should double-check everything carefully before anyone pushes the ...
Tax rules can get trickier when the student’s residency status comes into play, or when students earn NIL income in multiple states. Students who live in a state with a personal income tax would have to pay tax on any NIL income earned. Additionally, any state where the student earns NIL...
Under the latest tax plan, up to $10,000 of a 529 college savings plan can be used per student for public, private and religious elementary and secondary schools, as well as home school students. In other words, a 529 plan isn't just for college tuition anymore. This is HUGE! If you...
students who receive funds from an RESP must pay income tax on those payments.5But the taxes they pay will likely be a lot less than what parents would have paid on the same money because students usually aren'
the level of debt a student graduates with depends on the cost of the institution, the availability of financial aid and personal financial circumstances. For instance, students attending public in-state institutions typically have less debt than those attending private or out-of-state inst...
Financial aid is crucial for incoming college students. This in-depth guide gives college students all the resources they need to successfully apply for the new FAFSA and fund their college costs.
Help your child stay organized and diligent when applying for scholarships. Smaller scholarships or grants can have big impacts when applied together to the cost of tuition. And remember, many colleges are looking for the right mix of students, so even affluent families are often offered merit-ba...
Typically, a 529 prepaid tuition plan can only be used for tuition and mandatory fees. Prepaid tuition plans also come with residency and age restrictions, and you can only enroll at certain times of the year. The second type of 529 plan, the college savings plan, is somewhat more flexible...
a student’s residency status. A Boston University parking permit costsunder $300 per yearfor commuting students who attend evening classes. Day students who commute need to pay more than $1,000 per year. Students who need overnight parking can pay anywhere from $1,432 to $1,961 per year...