View Single Post
Old 02-08-2008, 09:41 AM   #37
SLUMOM
Member
 
Join Date: May 2007
Location: NORTHEAST
Posts: 489
ALWAYS submit a list of your out-of-pocket medical expenses and copies of the medical bills. A public school might not consider medical expenses, a private school usually will. I keep track all year long of our medical expenses. They are submitted with the tax returns to the student's school. IF you are in the application process with a high school senior, send the medical expenses & tax returns together to the finanancial aid offices, via CERTIFIED MAIL. Every October, buy the book "How to Pay For College Without Going Broke" by Kalman Chany, a Princeton Review book & take your tax returns & do the worksheets in back of the book, to calculate your EFC. That book has saved us probably $1,000's over the years. Also, another important point is that a FAFSA or a CSS Profile will not accurately spit out the correct number of your property taxes on your house, your state income taxes paid or personal property taxes paid to your town/city (For Cars) You must personally write a letter & give these numbers to your child's FAO every year he/she is in college, thereby saving you money! If you are in the application stage for a high school senior, state your local and state income taxes AND your medical expenses (with documentation) in a letter along with the tax returns to the FAO of every school your child has applied to! Remember taxes you have paid are deducted from your AGI and there is a medical expense allowance you could qualify for, but you have to tell the FAO's about it to get that allowance, especially if you are dealing with a private college.
SLUMOM is offline   Reply