Right Major + Right College = Career Success - Helping you get where you were meant to be.
RSS Follow Become a Fan

Delivered by FeedBurner

Recent Posts

Biggest Problem for Accepted Students
Will My College Be Open?
College in the Era of Covid
Student Loan Interest Rates Drop for 2020-21
Not All Info on the Web about FAFSA is Accurate

Most Popular Posts

Essay Topic: What will you contribute to our campus?
Got an IEP? Don't forget to take it to college.
Discouraging Words
Will Social Media Affect Your Child's Chances?
What to do when things change


Accepted? Now What?
Admission Decisions
Admission Essays
Adult Students
Athletes and College
Campus Safety
Career Planning and College
Choosing the best college for you
College Admission Deadlines
College Admission Decisions
College Admission Essays
College Admission Tests
College application process
College Applications
College Buyer Beware
College Camp
College Choice
College Costs
College Counseling and Advising
College Entrance Exams
College Freshman Adjustment
College Graduation and Beyond
College Major
College Myths
College Prep
College Prep Opportunities
College Recruitment
College Scholarships
College succcess
College Transfer
Early preparation for college
Education Consumerism
FInancial Aid
Financial Aid and Scholarships
GAP Year
GAP Year and Summer Programs
Getting in....or not
Good advice
Grad School
Graduate to a Job
Highly Selective Colleges
It's all in the timing
Kids Today
Learning Disability Accommodations
Media Treatment of College Information
Money and College
Online College
Parent and Grandparent Support
Parent and Grandparent Support in the College Process
Parent and student relationships in the college process
Parenting Teens
Picking a college
Planning for College Success
Positioning Students for Success
Social Media and College
Start Planning Early
Student Development
Student Loan Debt
Student Loans
Student Posts About Their Experiences
Success Hints
Summer Activities
Summer college prep
Surviving fall semester fo the senior year
The College-Job Connection
The Junior Year
To-do lists
Value of College
powered by

College Talk Blog

Why Parents of the College Bound Should File Taxes Early

If you have a high school student in your house who is a junior this year, you are in luck. Next year the government will allow you to use this year's 2015 tax return to file the Free Application for Federal Student Aid (FAFSA) which is required for students who want federal aid. 

Parents of this year's high school seniors however are not that lucky. They are expected to  use their 2015 tax return to file the FAFSA by college priority deadlines that range from February 1 to March 1. If they are able to file their federal taxes soon, that's not a problem for them. If they can't file soon, then they will have to estimate financial data and correct it on the FAFSA when they do file taxes. 

More concerning is that parents of students who are attending colleges that use the CSS Profile, a College Board product, cannot correct that document if they must use estimated data to meet college priority financial aid deadlines. They must notify each college of the corrections they need to make to the CSS Profile which often requires copies of tax returns, W-2 forms and other financial documentation.

Families that have found the college admission application process stressful, should brace themselves for what comes next. After completing financial aid processes, they'll fondly recall the admissions process as a walk in the park.

0 Comments to Why Parents of the College Bound Should File Taxes Early:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment