Generally the FAFSA does not count untaxed social benefits as income. Untaxed Social Security, SSI, foster care benefits and welfare payments are excluded from income for the FAFSA, although disability payments and worker’s comp– which are insurance benefits– are added back. Normally unemployment income is taxable so this exclusion would not apply. However, the American Rescue Plan made 2020 unemployment…
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COVID Resources
Here’s an article from US News & World Report about the pandemic’s impact on work-study, including a quote from me. With more students attending remotely and many campus functions shut down, many students are finding their work-study awards reduced. But depending on the school, they might be replaced with grants or loans.
Tuition insurance has been around for some time but has generated an increased level of interest from students and families in light of the pandemic. Tuition insurance covers tuition, room and board and other fees a family has paid should the student need to withdraw from school, typically for medical reasons. It generally costs 1% to 5% of the insured…
Many students are considering deferring enrollment for the fall; surveys show that perhaps as many as 15% of college-bound students in the high school class of 2020 are likely to defer. Their peers in older cohorts are considering gap years, too, and many if not most international students are unlikely to be on campus in the fall. All of these…
In responses to the coronavirus pandemic, a growing number of colleges are discounting tuition, freezing tuition hikes and implementing other measures that will reduce costs for students in the coming academic year. While marketed as responses to student financial setbacks, a significant driver of these changes is concern that students will not enroll for the 2020-2021 school year. The University…