Treasury Finalizes Rules For School Choice Tax Credit
Treasury and the IRS released proposed rules for the $1,700 Education Freedom Tax Credit launching January 1, 2027. Joint filers get $3,400.
Latest Articles
How Trusts Affect Financial Aid: Rules On Revocable, Irrevocable And Court-Ordered Trusts
Trusts count as assets on the FAFSA and CSS Profile, even when the beneficiary can’t access the money. Here’s who reports it, which trusts are exempt, and what it costs in aid.
Will You Pay Taxes On Student Loan Forgiveness?
Understand when forgiven student loans are taxable, which programs remain exempt, and how to prepare for potential tax liability in 2026.
Treasury Will Auto-Open Trump Accounts For 68 Million Kids Starting October 1
Treasury will auto-open Trump accounts for every eligible child starting October 1, adding 60 million-plus accounts. The $1,000 seed still needs Form 4547.
Education Department And Treasury Launch Online Portal For Student Loan Borrowers In Default
ED and Treasury launched the Defaulted Loans Support Center on StudentAid.gov, letting borrowers apply online to rehabilitate or consolidate defaulted loans.
Pay As You Earn (PAYE): How It Works And What Happens When It Ends In 2028
PAYE caps payments at 10% of discretionary income and forgives the balance after 20 years, but the plan ends by July 1, 2028. Here’s who still qualifies, how to apply, and whether to move to IBR or RAP.
Education Department Extends 1% Student Loan Auto Pay Discount Deadline To December 31
The Department of Education extended the 1% student loan auto pay discount deadline to December 31, 2026, with nearly 2 million borrowers enrolled.
Student Loan Interest Deduction: 2026 Income Limits, Who Qualifies, And How To Claim It
You could lower your taxable income by $2,500 with the student loan interest deduction. Here’s how it works.
Senate Passes The Protect College Sports Act: What It Means For NIL Money And Families
The Senate passed the Protect College Sports Act 77-22. Here’s what it changes for NIL pay, agents, transfers, and families footing the bill.
States That Require The FAFSA To Graduate: 2026 Update
Seven states require the FAFSA or an opt-out form to earn a diploma, and three more track it. See every state’s rules, the repeals, and whether it worked.
IRS Adds Citizenship Question To Draft 2026 Form 1040
The IRS draft 2026 Form 1040 asks filers if they are citizens or authorized to work, tied to a Treasury rule limiting refundable EITC and child tax credits.
