My daughter has been sending me steady reminders about filling out the Free Application for Federal Student Aid (FAFSA) form. If you–or your child–plan to attend college or grad school between July 1, 2020, and June 30, 2021, the FAFSA form became available for filing on October 1, 2019. The form is used to apply for financial aid…
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: paying for college with 529 plans.
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: can you deduct the cost of moving into your dorm room? What about moving out?
If all goes according to plan, my son will be Penn State University’s starting quarterback in 2025. Why? He happens to be my third child and by the time he starts college, we like to joke that he better have a scholarship lined up. College is expensive. I know this firsthand. Even with scholarships and…
Every now and again when I’m researching, I come across little tidbits in legislative history that make me laugh. Today is one of those days. In 1986, Sen Robert T. Stafford (R-VT) proposed the following amendment as S.AMDT. 2060: To provide that no person over 75 years of age with net income less than $40,000…
In a flush economy, it’s easier to look the other way when things aren’t going well. In a tight economy, however, we’re much more aware of where our dollars are going – especially our tax dollars. This year, more than ever, organizations that receive government funds are under increasing pressure to provide information about not…
I can’t believe that folks are already talking about back to school… With all of the snow this year, I feel like my kids just got out of school! But my niece is reporting that she’s starting next week (early, I know) and my inbox is filled with emails from Lands End reminding me to…
Today, for the first time in 30 years, Temple is going to a bowl game (excuse me while I wipe a tear of joy from my cheek). It’s a pretty remarkable feat, considering that, just four years before, the university nearly shuttered its football program altogether. The committee decided to keep the program, despite the…
There inevitably comes an awkward moment when I’m delivering a guest lecture at Temple Law School when I can see flashes of panic on the faces of my students: You mean, I have to pay tax on my fellowship? The taxation of scholarships and fellowships can be confusing. First, the general difference between the two:…
As talk of recession increases, I’m hearing more and more folks question the merits of higher education. I have to say, I completely understand where they are coming from… While it’s true that many jobs require a college education – or beyond (like law) – increasingly, you can find a decent job without a college…