Education
The most frequently asked tax questions related to Education
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Answer Tax QuestionsCollege Planning & Financial Aid
In reference to Financial Aid , who qualifies as a Veteran ?
Asked Wednesday, November 15, 2000 by an anonymous user
Veteran status is needed for Federal financial aid purposes when determining dependency status. A veteran is a former member of the US Armed Forces (Army, Navy, Air Force, Marines or Coast Guard) who served on active duty and was discharged other than dishonorably, meaning: received an honorable or medical discharge. You are a veteran even if you serve just one day on active duty, (not active duty for training before receiving your DD-214 and formal discharge papers). In order for a veteran to be eligible for VA educational benefits, they must have served for more than 180 consecutive days on active duty before receiving an honorable discharge. There are exceptions for participation in Desert Storm/Desert Shield and other military campaigns.) ROTC students, members of the National Guard, and most reservists are not considered veterans. Since the 1995-96 academic year, a person who was discharged other than dishonorably from one of the military service academies (the U.S. Military Academy at West Point, the Naval Academy at Annapolis, the Air Force Academy at Colorado Springs or the Coast Guard Academy at New London) is considered a veteran for financial aid purposes. Cadets and midshipmen who are still enrolled in one of the military service academies, however, are not considered veterans. According to the US Department of Education's Action Letter #6 (February 1996), "a student who enrolls in a service academy, but who withdraws before graduating, is considered a veteran for purposes of determining dependency status". Having a DD-214 does not necessarily mean that you are a veteran for financial aid purposes. As noted above, you must have served on active duty and received an honorable discharge.
College Planning & Financial Aid
What are some website addresses for Scholarships ?
Asked Monday, November 13, 2000 by an anonymous user
(FinAid = www.finaid.org)(FastWeb = www.fastWeb.com)
(FreSch = www.freschinfo.com)
(MACH25 = www.collegenet.com/mach25)
(Scholarship 101 = 208.225.207.218/scholarships101/)
(Embark = www.embark.com/fa) (Fastweb = www.fastweb.com)
College Planning & Financial Aid
Can I apply for the SAT or ACT on line ?
Asked Monday, November 13, 2000 by an anonymous user
Yes. SAT address is www.collegeboard.org/sat/html/satform.html,
ACT is www.act.org/aap/regist/index.html
College Planning & Financial Aid
How do I apply to more than 4 colleges using the FAFSA form ?
Asked Monday, November 13, 2000 by an anonymous user
If you are completing a paper FAFSA, you can only list four colleges in the school code step.
You may add more colleges by doing one of the following:
1. Use the Federal Student Aid PIN you will receive after your FAFSA has been processed and go to FAFSA on the Web at www.fafsa.gov. Click the “Start Here” button to log in and then select the “Make FAFSA Corrections” link. 2. Use the Student Aid Report (SAR), which you will receive after your FAFSA is processed. Your Data Release Number (DRN) verifies your identity and will be listed on the first page of your SAR. You can call 1-800-4-FED-AID and provide your DRN to a customer service representative, who will add more school codes for you. 3. Provide your DRN to the financial aid administrator at the college you want added, and he or she can add their school code to your FAFSA. Note: Your FAFSA record can only list up to ten school codes. If there are ten school codes on your record, any new school codes that you add will replace one or more of the school
codes listed.
College Planning & Financial Aid
In relation to the FAFSA form , how much aid am I eligble for ?
Asked Monday, November 13, 2000 by an anonymous user
How much aid you are eligible for depends on your Expected Family Contribution, your year in school, and the cost of attendance at the school you will be attending. For more information, see the financial aid administrator at your school or see The Student Guide at http://www.ed.gov/prog_info/SFA/StudentGuide or call 800/4-FEDAID (800/433-3243)/TTY: 800/730-8913 or 319/337-5665 to request a free copy of the Student Guide.
College Planning & Financial Aid
What is the difference between a Renewal FAFSA and the FAFSA ?
Asked Monday, November 13, 2000 by an anonymous user
The Renewal FAFSA uses your answers from the FAFSA you filed last year to pre-fill most of the application, dramatically cutting down on the time you need to fill out this year's form. Your Renewal FAFSA, whether paper or over the Internet, will display last year's answers in the answer blanks. If you choose to use a Renewal FAFSA, you need to provide current answers to items like the financial and tax questions, and update any information that has changed from the previous year.
College Planning & Financial Aid
What are some website addresses for Financial Aid Forms ?
Asked Monday, November 13, 2000 by an anonymous user
(FAFSA on the Web = www.fafsa.ed.gov) (PROFILE report = www.collegeboard.org/profile/index.html)
(The Student Guide = www.ed.gov/prog_info/SFA/StudentGuide)
(College is Possible = www.collegeispossible.org.) (Calculator = www.collegeboard.org/finaid.) (www.collegeboard.com/finaid/fastud/html/efc.html)
College Planning & Financial Aid
What are some website addresses for filling out College Applications Online ?
Asked Monday, November 13, 2000 by an anonymous user
Eapply = www.collegquest.com, XAP Apps = www.xap.com, CollegeLink = www.collegelink.com, The Common App = www.commonapp.org, College View = www.collegeview.com/appzap, Embark.com = Apply.embark.com, CollegeNet = www.applyweb.com, College Board = www.collegeboard.org.
College Planning & Financial Aid
What are some website addresses for On line Campus Tours ?
Asked Monday, November 13, 2000 by an anonymous user
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