And don't forget about the multiple kids in college discount if it applies. Most people are not the W-2 wage holders and perfect credit family. For those people who are self-employed and receive K-1 income, sometimes the number in Box 14 that the colleges ask for is not an accurate...
assess a student's financial need; more students should get access to Pell grants; and the discount for parents with multiple kids in college will go away."I would love to see opportunities more for grants, not loans," McConnell said.One of the most confusing changes is for kids with divo...
but if the next year a younger sibling was also in college, that $20,000 would become $10,000 a piece, accounting that they have to make tuition payments for two kids," Vasconcelos said. "They are eliminating that discounting for siblings." ...
Generally, for thePell grant to retain its tax-free status, you must be a degree candidate at the college and only use the funds to pay for tuition, fees, books, supplies and equipment. However, if you use the funds to pay your room and board or even school-related...
“It’s just really discouraging for certain kids that end up finding out that just because they’re missing one piece of information, it may delay them,” Almaraz said. “It may cause them to pay for an education that they can’t fully pay for.” ...
Families with more than one student in college could be dinged because of the new calculation, which gets rid of a discount for parents with multiple children in college during the same year. That could hit families with multiple college-age students, experts say. ...