TheFAFSAopens on December 31 for the 2024-2025 academic year and is a government form that helps determine your eligibility for federal aid. Schools and the government use the FAFSA to see how much financial support you could get to fund your education, such as federal student loans, grants,...
Each financial award you receive from the federal government will have separate and unique tax consequences for your federal tax return.
Dividends are regular payments of profit made to investors who own a company's stock. Dividends can be paid in cash or reinvested back into the stock.
The previous FAFSA focused on cash flow more than wealth, reasoning that parents who have two children in college at the same time do not have twice as much money available to pay for college. The simplified FAFSA changes this, no longer providing families with any benefit from having children...
9. Limit how much you eat out Going out to dinner with friends is great, but consider tracking the number of times you plan to eat out per week or month and cook or take advantage of your meal plan. Eating out can end up being one of those expenses that creeps up on you and eats...
Knowing how to get a student loan is a crucial part of planning for college, especially if you’ve exhausted your scholarship and grant options. Start by filling out the FAFSA to see how much federal aid you can qualify for. Then, assess your aid package, including federal student loans, ...
AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy. Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. ...
The federal program can help students pay for school and reduce potential student loan debt. By Andrew Warner | Aug. 22, 2023 By Andrew Warner | Aug. 22, 2023, at 9:30 a.m. Save More Work-Study Can Help With College Costs
To be considered for federal student aid for the 2024–2025 award year, you needed to complete a FAFSA form by June 30, 2025. Each state also has its own deadline.16 The Bottom Line Most families—regardless of how much they earn or have accumulated in assets—will find it useful to ...
An award letter is the FAFSA documentation sent from a college or university to the student that details how much financial support the student is eligible for.