Posts Tagged ‘College Tuition’


Changes to the Federal Application for Federal Student Aid (FAFSA)

College students need to complete the Application for Federal Student Aid (FAFSA) to qualify for any needed financial aid. Two new changes have taken affect for the new FAFSA process:

  • You can now submit the FAFSA form as early as Oct 1st., instead of the previous Jan 1 submission date.  This is not the deadline, but students who apply earlier tend to receive more aid.
  • Going forward, you can base your answers on your federal tax return from the … Continue reading »

    How to Maximize Your Annual Gifts and Minimize Your Estate Taxes

    Annual Exclusion

    Taxpayers are allowed to gift up to $13,000 per year to an unlimited number of people without having to file a gift tax return or pay a gift tax. If the amount goes over $13,000 to any one individual, then a gift tax return must be filed. This is done on IRS Form 709, United States Gift Tax Return. Connecticut taxpayers required to file a federal gift tax return would be required to file Form CT-706/709. The … Continue reading »


    How to Plan for College Using The 529 Plan

    Next to saving for retirement, your biggest financial challenge is probably saving for your child’s college education.  College costs have skyrocketed!  People wonder how they will afford the cost of a college education in the future.  A 529 College Savings Plan is a very simple way to save money for your child’s college education.  The benefits are tremendous. Here are some highlights of the plan:


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