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5610 Ward Road, Suite 300 Arvada, CO 80002
9200 E. Mineral Avenue Centennial, CO 80112
Phone: 303-252-0852
Website: www.walshfinancialsolutions.com
July/August 2020
Tax-Saving College Funding Options
If you meet income and other requirements, a variety of grants and tax breaks can help you reduce higher education costs. Examples include:
Grants.
The federal Pell Grant provided up to $6,195 for 2019-2020. The Federal Supplemental Educational Opportunity Grant (FSEOG) may provide up to $4,000 annually, depending on the availability of the grant at the school.*Most college or secondary schools offer grants from a variety of private organizations. Two examples include grants that target specific groups of students like future teachers and children of veterans. To receive virtually any grant or loan, you’ll need to fill out the Free Application for Federal Student Aid (FAFSA) form.
Tax Breaks.
Get tax credits — which you subtract from taxes owed — from the American Opportunity Tax Credit and the Lifetime Learning Credit. You can reduce your taxes by up to $2,500 for qualified education expenses. And, if you meet income requirements, you may deduct student loan interest of up to $2,500 from your taxable income.*https://studentaid.gov/sites/default/files/federal-grant-programs.pdf
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Advisory Services offered through Walsh Financial Solutions or Vanderbilt Advisory Services. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Walsh Financial Solutions and Vanderbilt Securities, LLC are separate and unaffiliated entities. Clearing agent: Fidelity Clearing & Custody Solutions. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office: 125 Froehlich Farm Blvd, Woodbury, NY 11797 631-845-5100
For additional information on services, disclosures, fees, and conflicts of interest, please visit www.vanderbiltfg.com/disclosures
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