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Given the skyrocketing cost of higher education, fewer and fewer families can afford college without some form of financial assistance. For many students, loans are what make the difference between attending college and not. But it’s important to plan these loans carefully to...

Graduation can be one of the most exciting — and intimidating — times in your life. You’re officially an adult, and with that new-found independence comes financial responsibilities. No pressure, but the decisions you make today about spending and saving can mean the...

There are also some non-tax-law provisions that allow student loan borrowers to exclude cancellation of debt (COD) income when the U.S. Department of Education discharges federal student loans. For this purpose, federal student loans include federal Family Education Loans,...

Attending college or graduate school is one of the biggest investments you’ll ever make — and spring is the time schools normally announce who’s in and who’s out. If you or your child (or grandchild) plans to attend an institution of higher learning in the fall,...

If there was a college student in your family last year, you may be eligible for some valuable tax breaks on your 2015 return. To max out your education-related tax breaks, you need to see which ones you’re eligible for and then claim the one(s) that will provide the greatest...

The increasing costs of higher education have made education planning an important aspect of personal financial planning. However, because the actual expenditure will not be incurred for many years, it is often given a low current priority. Also, some parents are counting on...

If your college-age child is or will be receiving financial aid, congratulations. Now, you’ll probably want to know if the financial aid is taxable. Keep in mind that the economic characteristics of financial aid, rather than how it is titled, will determine its taxability....

If your college-age child is or will be receiving financial aid, congratulations. Now, you’ll probably want to know if the financial aid is taxable. Keep in mind that the economic characteristics of college financial aid, rather than how it is titled, will determine its...

With the school year now in full swing, many people are thinking about ways to lower college costs for their children and grandchildren. The College Board estimates that the average cost of college for the 2013-2014 school year was $40,917 at private not-for-profit four-year...

Back-to-school shopping is just one example of how expensive it can be to raise a child. Today’s youngsters want more than pencils and gym shoes to start the school year. Kids also expect (and often get) cell phones, personal computers and designer jeans. The costs continue...