10 Tips for Adult
Students to Maximize Financial Aid
8. Utilize eligibility for federal tax credits. For
example, the Hope Scholarship Credit (up to $1,500 per
year) and the Lifetime Learning Tax Credit (up to $1,000
per year) help reduce your income tax liability when
you return to school. You can also deduct up to $1,500
of interest on a student loan. For more information,
see the IRS
9. See if your school offers tuition or deferred payment
plans. These spread the cost of tuition over a longer
period of time. Some colleges also offer tuition prepayment
plans, to offset the rising costs of college tuition.
10. To maximize financial aid eligibility, reduce assets
by paying down consumer debt and purchasing any necessary
expenditures (for example, a personal computer) before
you submit the FAFSA (Free Application for Federal Student
for Re-entry Students: Grants and Retraining Assistance
for Adults Returning to College.
Special 89 page report available for immediate download.
Find the money to go back to school today.