student grants

student grants questions and answers

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Q: Student grants?
what qualifies a student for financial grants?

A: That's a subjective question. There is not percise answer for anyone because it all depends on what your EFC (Expected Family Contribution) is when completing the FAFSA (Free Application for Federal Student Aid). When your FAFSA is calculated it takes into account your income, your parents income (if a dependent) or spouse's income (if married), any savings/assets, any government subsidies that are received, any business that is owned, etc. These are different for everyone. If you end up having an EFC of less than 4111 (for the 0708 school year) then you may be eligible for a Pell Grant. If you are eligible for a Pell Grant you may be further eligible for an ACG/SMART grant. If you are going to school now, talk to a financial aid officer there for more information. Good luck!

Q: How to search for 2007-08 Government Grants to pay back student loans?
I am at college where I just took out a student loan in 2006-07. Do you think that it is too soon to start paying it back? If not where can I find student grants? This is important

A: Most (if not all) student loans are set up to begin repayment shortly after graduation. If you have the money to pay it back now, I would put the money in a simple savings account to earn some interest. The student loan shouldn't start accruing interest until after the first payment. You'll make a little bit of $$ and still pay off your loan without interest expense.

Q: Can Americans Get Student Grants or Student Aid in Canada?
I'm American, wanting to go to college in Canada so that I can be closer to my boyfriend. Will I be able to get a grand or student aid in Canada since I'm American? I've also heard that if I applied for a United States Government grant that I could use it at a Canadian school. Is this true?

A: While you cannot get Canadian student aid, you can indeed get US government aid for most Canadian schools. J

Q: A question about Taxes: Do I put all student loans, grants, and scholarships as taxable income?
Aside from the money that I made at my job in 2007, do I factor in all of my student loans,grants,and scholarships? Are those taxable income? I have my 1098T form. Im just sooo confused. HELP!

A: No. Loans aren't income since you have to pay them back - you don't show them at all. Grants and scholarships are only income if they are spent on something other than eligible expenses - tuition and fees are eligible, room and board are not.

Q: Where Can I Go To Just Apply For Student Grants With Out Receiving a CD by mail?
It seems that everywhere I look they just want to send me information about how to get grants I want to apply for them on the web!

A: http://www.fastweb.com/

Q: Is there anyone I can call about student grants?
I want to talk to an actual person who can help me with Pell grants, schooling, career choices, etc. Councelors in colleges just try to get you to go to their school, but I want some un-biased help.

A: Call the Federal Student Aid Information Center http://www.ed.gov/programs/fpg/gtepfpg.pdf at 1-800-433-3243 and ask them anything about grants - they are a government agency and will give you an unbiased opinion about grants

Q: I'm thinking about college, and need to find out about grants or student loans. Where do I start?
I'm thinking about enrolling in Purdue University here in Indiana where I work as a custodian. I'm currently planning on going for a Masters or PhD in Archaeology and wondering if there may be a site online that would have info to help people like me get financial aid. I'm also curious about grants. If I must go with a student loan, is there a site that might help me with what I should look for?

A: If you work at that school, you can probably take classes for free. I know the schools I have worked at let full time employees and sometimes the spouses and children take classes at no charge. Review your employee handbook or look online at your human resources page because you probably can go for free! Isn't that great news? Whoo-hoo, I'm jealous!

Q: Can I claim student grants and apply for student loan when i start a full time Access to HE course?


A: You might be eligible for certain student grants depending on your personal circumstances but you will not be eligible for a student loan from the goverment unless you are in higher education i.e university. The link below shows what you might be entitled to http://www.direct.gov.uk/en/EducationAndLearning/AdultLearning/FinancialHelpForAdultLearners/index.htm

Q: I have no income only grants and student loans, do I have to file taxes?
I'm not sure if I have to files taxes this year, no income only grants and student loans. The amount is under 4,000 dollars. I'm a single mom of 1 but the father claims the EIC because I don't have income.

A: Based on the information that you provided you would not have a requirement to file a Federal Tax return, Scholarships and Grants are not considered Taxable income. Nor are they considered Earned Income for the EIC Qualified scholarships and fellowships are treated as tax-free amounts if all of the following conditions are met: You are a candidate for a degree at an educational institution, Amounts you receive as a scholarship or fellowship are used for tuition and fees required for enrollment or attendance at the educational institution, or for books, supplies, and equipment required for courses of instruction, and The amounts received are not a payment for your services . Publication 970

Q: Do student grants and scholarships count on higher education tax break?
Yes i recieved a 1098A or w/e the form is the college sends you and it says in box 2 i paid 2700 dollars on tuition and fees and i recieved 2000 dolars on scholarships and grants i am just wondering if I can use that amount for my tax refund when i file my taxes and i can recieve the higher education tax break. I am 18 and I am single and NO ONE else can claim me as a dependent... THank you

A: The scholarships count as income. The tuition part is a tax break. This form has been reported to the IRS, so report it all. You must use the 1040 form.

Q: Where can i find helpfull information on student grants and scholarships?
Ive tried various sites but they're all so confusing.

A: Here.

Q: Is online schooling eligible for student loans and grants?
I am interested in taking some business/computer/communications courses and would like to do it online, but I am not sure if student loans and grants will help pay for these.

A: YES jayDeezMom online schooling is education too. I love Virgina College online http://www.vconline.edu/ I found interesting information about your answer, college loans, scholarships, college grants & partime works here.http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.htmlGood luck!

Q: Can student grants convert to a student loan?
My daughter does not reside with me but wants me to sign papers to qualify her for a student grant..... I heard that in the event she doesn't qualify for a grant, or a descrepency is found later, that the grant automatically turns into a loan and I could be held responsible for repayment. Is this true? my concerns are that I do not want to apply for a grant for my daughter and find out that it would automatically turn into a loan. I am not interested in a student loan at all

A: This sounds fishy, talk with your daughters' schools finacial aid counselor before signing papers. She should be able to tell you everything. The only way this may be true if she did not sign up for federal financial aid and they have to wait to see if there is any funds left. http://www.ehow.com/how_2268550_aware-obligations-accepting-grant-funds.html

Q: Do I have to pay taxes on my student loans and grants?
I have a few student loans from last year and a couple pell grants. And since tax season is almost here, i just want to know whats going to happen? Do i pay taxes on the money i recieved for college? Also, I barely worked bc i was taking so many classes. But I have to file to recieve further financial aide. So am i going to pay out of pocket? or will the taxes still be income based?

A: I just answered a similar question a few minutes ago. So here it is & hope it helps. Student Financial Aid refers to funding intended to help students pay educational expenses including tuition and fees, room and board..., right? So being taxable depends on what kind of FinAid. Two main ones are: 1. Qualified scholarships and fellowships are treated as tax-free amounts if all of the following conditions are met: -You are a candidate for a degree at an educational institution, -Amounts you receive as a scholarship or fellowship are used for tuition and fees required for enrollment or attendance at the educational institution, or for books, supplies, and equipment required for courses of instruction, and -The amounts received are not a payment for your services. 2. Qualified Student Loans are not taxable at the time you get the money and should not be included as income in your return. A loan is not income, because you are expected to repay the amount borrowed (plus interest). Interest is deductible. Qualified Student Loan - This is a loan you took out solely to pay qualified education expenses that were: - For you, your spouse, or a person who was your dependent when you took out the loan, - Paid or incurred within a reasonable period of time before or after you took out the loan, and -For education provided during an academic period for an eligible student. ! Loans from the following sources are not qualified student loans. So should include as income & taxable. - A related person - A qualified employer plan. Any student earned income to finance education is taxable.

Q: Is it too late to apply for student loans and grants and etc?
I've had a fallout with my parents, and they've decided to not pay my college tuition fees. I'm Asian and so I had to submit bank statements to the universities to. Before, my parents were willing to pay for my tuition so I didn't apply for a scholarship, and my family is well-off enough so that I'm not considered for grants or loans. Is it too late for me now to apply for a student loan or grant? And also, are there any organizations that I can apply to who can help?

A: There are so many uses for old secured personal loans, and the chances are you will be able to get one quickly and easily. It's a common idea that only homeowners can get loans from finance companies. That just isn't true, most people can apply for, and receive an unsecured personal all kinds of uses. You can get loans from a few hundred pounds, up to £25,000, unsecured. These loans can be used to buy a new car, a holiday abroad, a new kitchen, the latest cell phone available, or just about anythingday loan, and some companies let you apply online. The interest rate you pay will be made very clear to by the broker before you sign anything. As will the amount of the monthly payment, and how long you have to make those payments for. Any quality broker will go out of his way to make sure you understand these rules.