Know Your Higher Education Tax Benefits

Know Your Higher Education Tax Benefits

Last week, we discussed applying for financial aid to help defer the cost of college. Besides financial aid, specific higher education tax benefits can reduce the net cost of sending a child to college. Among the three major tax breaks—American Opportunity Tax Credit,...
Make the Most of College Financial Aid

Make the Most of College Financial Aid

As we reported in our last article, the net price of higher education will depend on the amount of financial aid that’s received. The greater the financial aid, the lower the net cost of college. In order to obtain financial aid, a key step is filling out the Free...
The True Cost of Higher Education

The True Cost of Higher Education

The College Board reports that full-time students at in-state public schools typically paid almost $20,000 for tuition, fees, and room and board during the 2015-2016 academic year. On average, students at private institutions typically paid almost $44,000 for tuition,...
Grandparent Aid for College Costs

Grandparent Aid for College Costs

Many grandparents would like to help their grandchildren with the steep costs of higher education. That’s often a laudable goal, but some methods of providing this assistance might be more effective than other tactics. Gifting aid for college costs The simplest tactic...
7 last-minute ways to save taxes

7 last-minute ways to save taxes

The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability and save taxes — but you just must act by December 31: Pay your 2015 property tax bill that’s due in early 2016. Make your January 1 mortgage payment. Incur...