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Dorm, Home or Off-campus: How College Housing Affects Cost of Attendance

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In College Planning & Financial AidLendKey

Did you know that your college cost of attendance is subject to change based on your choice of housing on the FAFSA? Also, did you know that your cost of attendance could increase or decrease if housing were to change? For example, if on the FAFSA the student originally requests consideration as an on-campus dorm student, but later changes to commuter status by living at home, their cost of attendance would be reduced reflective of lower costs. Changing the cost of attendance may affect a students eligibility for some financial aid, here are some things to consider. Remember the FAFSA? …

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Students and Parents Use the 1098-T for the American Opportunity Tax Credit

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In College Planning & Financial AidLendKey

Taxes are always a certainty, but if you or your family are spending money on education there may be ways to increase a tax refund by claiming educational credits. It’s tax season once again, and while people entering student loan repayment may start claiming interest costs on their taxes, people currently enrolled may have another opportunity to save some money. American opportunity credit: Originally this program modified the pre-existing Hope credit program, and has now been extended into 2017 with additional features that include more available expense claims. It covers expenses paid towards tuition, certain fees and course materials along …

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How Do I Get My Student Loan Refund Check?

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In College Planning & Financial AidLendKey

A student’s journey through college can come with a lot of expenses. That’s why students are allowed to access refund checks to pay for some of these expenses. As a result, getting hands on a loan refund check becomes very important for many students as the semester begins. Here are some things you should know about when it comes to getting a refund check. 1. What is a refund check from a college? A refund from a college is a result of having more total funding on your account than the actual balance due. Funding on your account comes from a …