EV tax credit hurts financial aid

[backbeat1]

@twoinanddone

You paid $7.5k less in taxes, so the school feels you can pay $2k more in tuition. Still leaves you with $5.5k more than if you hadn’t received the credit.

I understand this. I just wanted to put this info out there so people who plan to claim the EV credit are aware there is a financial aid hiccup down the road.

@kelsmom

The fact that it’s “one time” will sometimes be taken into consideration by a school. You never know if you don’t try.

Thank you for the tip. I’ll give it a shot.