Education

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.

No. You can select up to six schools to receive your FAFSA data by listing them on your application.

No. Before reapplying, call the Federal Student Aid Information Center at 800/4-FEDAID (800/433-3243)/TTY: 800/730-8913 or 319/337-5665 and ask if the U.S. Department of Education has your FAFSA on file. You can also check on the status of your application by selecting "Entering a FAFSA Online" from the FAFSA on the Web home page at http://www.fafsa.ed.gov, and choosing the "Check My Submitted FAFSA" option.

No. Wait for the Student Aid Report (SAR) that contains the results of your first application. FAFSA will mail you this document once we have finished processing your application, usually within two weeks. At that time, if you need to make any corrections to your application, you can use FAFSA Corrections on the Web to update your information. To access FAFSA Corrections on the Web, select the "Entering a FAFSA Online" link from the FAFSA on the Web home page at http://www.fafsa.ed.gov, and select "Make Corrections." Choose the Corrections" option, make the necessary corrections, and submit your changes. You can check the status of your application by calling the Federal Student Aid Information Center at 800/4-FEDAID (800/433-3243)/TTY: 800/730-8913 or 319/337-5665, or by selecting "Entering a FAFSA Online" from the FAFSA on the Web home page, and choosing the "Check My Submitted FAFSA" option.

Both EE and I US government bonds are eligible for an education tax break. However certain restrictions limit their applicability. Interest on all I or EE bonds are free from income tax if you use it to pay for college expenses and your income in the year you cash in the bonds falls within certain limits. As of January 1, 2012, paper savings bonds will no longer be sold at financial institutions. This action supports Treasury’s goal to increase the number of electronic transactions with citizens and businesses.

Yes. www.ope.ed.gov/security/ is the U.S. Department of Educations Office of Postsecondary Education. It includes Campus Security Statistics for over 6000 colleges and universitiies in the U.S. The websites goal is to help potential college students and their parents research criminal offenses on college campuses. It also has other campus security related links.

For the same student, you cannot claim the Lifetime Learning Credit and the American Opportunity credit in the same year. You may claim each of the credits for a different student in your family.

The expected family contribution is a key factor that determines whether your child can receive college financial aid based on your expected family contribution. Your expected family contribution is calculated according to a formula set by Congress. It takes into account the family's income, savings and other factors. Generally parents are expected to contribute about 6 % of their savings to pay for their child's education. The child presumably has fewer overall expenses. About 35 % of their savings will be expected to be used to meet college costs. Your expected family contribution will then be compared to the cost of attending the college your child has selected to determine whether they are eligible for financial aid. Some parents feel this calculation is not realistic and is an inflated amount.

If you intend to participate in Division I or II athletics as a freshman, you should register after your junior year in HS and be certified by the NCAA Initial-Eligibility Clearinghouse. Go to your college office in your HS or write to NCAA Clearinghouse, PO Box 4044, Iowa City, IA 52243-4044, 319-337-1492, Fax 319-337-1556, www.ncaa.org to get the applicable forms.