College Admissions Expert Elizabeth Levine: Tax Returns and Financial Aid


Make text smaller Make text larger



Photos



  • Elizabeth Levine



What is the importance of my 2015 tax returns as far as financial aid is concerned?

Families with high school juniors or high school seniors who are contemplating applying for financial aid need to have their 2015 tax information in order. 2015 will be the only year that will be the base year for two consecutive years of financial aid disbursement. Seniors applying to college for the fall 2016 entering class will be providing tax information from the 2015 calendar year for both their freshman year financial aid award (PY) and their sophomore year (PPY). This is because the FAFSA will become available October 1, 2016 (vs. 1/1/17) for the 2017/2018 academic year. With 2015 coming to a close, I wanted to make you aware of what an unusual tax year this is and how large an effect it will have on financial aid awards for the next two years.

If you have any questions about the college admissions process or the above information please do not hesitate to contact me at info@signaturecollegecounseling.com or by phone, 845.551.6946.

Elizabeth Levine
Signature College Counseling is an Orange County, Hudson Valley based company
that works one on one with students and their families in navigating the admissions process so you attend the college that is right for you.
845.551.6946
Ask The College Admissions Expert a Question
www.signaturecollegecounseling.com

Make text smaller Make text larger

More From The Ask The Expert

  • Firearms Safety Expert Jimmy Cosenza: Cleaning your Firearm
  • College Admissions Expert Elizabeth Levine: Terms for Financial Aid
  • Tax Expert Noel Spencer: Start-up Costs for Small Employer Pension Plan
  • College Admissions Expert Elizabeth Levine: Marketing Materials from Colleges
  • Tax Expert Noel Spencer: Diapers Medical Deduction
  • College Admissions Expert Elizabeth Levine: Participating in College Level Sports
  • Tax Expert Noel Spencer: Health Insurance Deduction Pre-Tax Dollars
  • Tax Expert Noel Spencer: S Corporation Office In Home Deduction
  • College Admissions Expert Elizabeth Levine: Visiting Colleges
  • Quickbooks Expert Rochelle Dejong: Outsourcing your Accounting
  • College Admissions Expert Elizabeth Levine: Getting a Jump on the College Search
  • Quickbooks Expert Rochelle Dejong: Benefits
  • College Admissions Expert Elizabeth Levine: College Essay Writing
  • Quickbooks Expert Rochelle Dejong: Working in Office
  • College Admissions Expert Elizabeth Levine: Net Price Calculator
  • Quickbooks Expert Rochelle Dejong: Software
  • College Admissions Expert Elizabeth Levine: Evaluation in the College Admission Process
  • Quickbooks Expert Rochelle Dejong: Outsourcing
  • College Admissions Expert Elizabeth Levine: Demonstrated Interest
  • Quickbooks Expert Rochelle Dejong: Income Tax Preparation
  • College Admissions Expert Elizabeth Levine: Tax Returns and Financial Aid
  • Quickbooks Expert Rochelle Dejong: Outsourcing your Accounting
  • College Admissions Expert Elizabeth Levine: Paying Back Student Loan Debt
  • College Admissions Expert Elizabeth Levine: FAFSA Mistakes
  • College Admissions Expert Elizabeth Levine: FAFSA
  • College Admissions Expert Elizabeth Levine: ACT vs. SAT
  • College Admissions Expert Elizabeth Levine: SAT Scores vs. ACT Scores
  • College Admissions Expert Elizabeth Levine: Preparing for College Visits
  • College Admissions Expert Elizabeth Levine: Best Paying Careers
  • College Admissions Expert Elizabeth Levine: Saving for Your Child's Education
  • College Admissions Expert Elizabeth Levine: Financial Aid Deadlines
  • Comments

    Pool Rules



    MUST READ NEWS

    ‘These kids would never be grown’
    By Analiese Maciel
    So let’s start with Florida, not the town, the state,
    It was known as a place where you could sit back, relax, and concentrate.
    But on...

    Read more »

    Monroe-Woodbury to enhance school security
    By Nancy Kriz
    — The Parkland, Florida high, school shootings serve as a solemn reminder to area school districts to...

    Read more »
    Image

    Tuxedo always on alert
    TUXEDO — Tuxedo School District officials also stressed the events in Parkland, Florida, only reinforce the safety and security...
    Read more »

    District officials: School safety and security is the top priority
    Tuxedo and Monroe-Woodbury School District officials reached out to their school communities following last week's mass shooting at Marjory Stoneman Douglas High School in...
    Read more »

    VIDEOS



    * indicates required
    Community Newspapers


    MOST COMMENTED



    Weather in Monroe, NY