changing tax laws - are you up-to-date?

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changing tax laws - are you up-to-date?

Taxes are a complicated subject and making the slightest mistake could end up costing you quite a bit in penalties. Do you spend time each year keeping up with the changing tax laws? These laws change more often than you might think. Before you consider filing your taxes on your own, stop and think about what it will cost you to have them professionally prepared versus paying the penalties for making mistakes. My site includes information about the ever-changing tax laws as I know them to be now. The information here is only meant to guide you to making the best possible decisions for your personal situation.

Six Things To Know If You're Interested In Veteran Financial Aid To Pay For University Studies

One of the biggest benefits of being a veteran is having access to financial resources to help pay for a university education. The following are six things to know if you're a veteran who is interested in financial aid to pay for university studies. 

Financial aid for veterans is always judged on a case-by-case basis.

It's difficult to generalize on the specific financial aid for which a particular veteran is eligible. While there are financial aid offerings like the Montgomery GI Bill that are largely available to many veterans, there are other smaller programs for which individual veterans may be eligible.

As a veteran who is interested in university studies, you need to do your research and explore the programs for which you may be eligible in your unique situation. 

Some veteran financial aid programs are designed specifically for those who were wounded in service.

If you have been wounded while serving in an active duty capacity in any branch of the military, you may be eligible for certain financial aid programs. These include programs from the National Association of American Veterans (NAAV) and the Veterans of Foreign Wars (VFW). 

There are other financial aid programs designed specifically for female veterans.

There are also financial aid programs specifically designed for female veterans. If you are a female veteran interested in financial aid, you should explore the programs offered by the nonprofit group Combat Female Veterans (CFVs). 

You can apply for financial aid even if you're receiving educational funding under the Montgomery GI Bill.

It's important for veterans to be aware of the fact that they can still apply for financial aid through the standard FAFSA form even if they are receiving tuition funding under the Montgomery GI Bill. 

Veterans can qualify for Pell Grants based on their income.

Pell Grants are one common source of financial aid that veterans may be eligible for in addition to the aid they receive through the military. Veterans receiving educational funding through the Montgomery GI Bill can also receive funding through Pell Grants if they meet certain income requirements. 

Some veterans can receive loan forgiveness after graduating.

If you are a veteran who has already graduated from university, you should know that you can get assistance paying off your college loans thanks to your status as a veteran.

There are numerous programs out there offering loan forgiveness for veteran financial aid, so you should find out if you can take advantage of these programs to minimize your outstanding debt for university studies.