Form 1098-T is a tuition statement that students receive from their college. It serves two primary purposes: Form 1098-T isn’t filed with your taxes; instead, you use the information to file and then keep it for your records. One important point about form 1098-T: it only shows tuition net of scholarships. Both education tax credits and 529 distributions have additional qualified expenses…
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My son’s friend just graduated from Arizona State, without paying a penny. How? She works at Starbucks and through a combination of starting at community college and continuing with Starbucks College Achievement Plan, she was able to earn her bachelor’s degree for $0. She’s now working on her student teaching and expects to be a full-time teacher soon, all without…
Every year, just before Thanksgiving, the coming year’s Rhodes Scholars are announced. In response, I pen a paean to the diversity of undergraduate institutions attended by America’s best and most promising students as a reminder that plenty of colleges– not just the Ivies– prepare students to compete at the highest levels. Year after year, colleges like Clemson, South Dakota State,…
With December almost here, it’s time to get on year-end tasks. If you’re among the many who want a year-end to do list, here goes!
“Use a Roth IRA instead of a 529,” many people will tell you. “It’s better for financial aid since it doesn’t count as an asset.” Some people will tell you the same about insurance policies, but those people are insurance salespeople who just want a commission. Deciding whether to use a Roth IRA is a little bit more complicated. Roth…