First Time With FAFSA? Here Are Some Quick Tips To Get You Started

First time with FAFSA? Here are some quick tips to get you started

UPDATED FOR 2019 If, like so many single moms, you are the custodial parent of a child (under 24 years old) who’s soon heading for college, it's time to FAFSA. To get any cash for college – grants, work-study, scholarships, and federal loans – you have to fill out the FAFSA, the Free Application for Federal Student Aid. The first time you do it, the process can seem complicated and overwhelming – but it’s really easier than they make it seem. Time-consuming, yes. Difficult, not really... as long as you come prepared In case you’re wondering whether you should even…

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Single Moms: You Can Get Cash Back By Taking Advantage Of This Education Tax Credit

Single Moms: You Can get Cash Back by Taking Advantage of This Education Tax Credit

Putting someone – including yourself – through college can put a major dent in your finances. But a very generous tax credit can put a big chunk of change back in your pocket. The American Opportunity Tax Credit, or AOTC, can chop $2,500 per student off your tax bill. Even better, a pretty big portion of that is refundable – meaning if you don’t owe any taxes, you can get cash back. There are a few hurdles to clear to qualify for this very beneficial tax credit. Make sure you pay attention to the details. The student has to be…

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