How do I answer these questions?

Paying for College
1

<p>1)Will you have your first bachelor’s degree before July 1, 2007?

  • I do not understand this question.</p>

<p>2)What degree or certificate will the student be working on during 2007-2008 (question 23)?</p>

<p>3)Did the student become a legal resident of the student’s state of legal residence before January 1, 2002 (question 19)?
If I came before the 2002, that means yES??</p>

<p>1)How much did the student’s father/stepfather earn from working (wages, salaries, tips, combat pay, etc.) in 2006 (question 82)?
This is for the wages,tips, other comp. for my father right?</p>

<p>1)WC4. Student grant and scholarship aid reported to the IRS on line 7 of the 1040 or 1040A or line 1 of the 1040EZ as part of the parents’ adjusted gross income. Includes AmeriCorps benefits (awards, living allowances, and interest accrual payments), as well as grant or scholarship portions of fellowships and assistantships.
What is this? Should I put zero </p>

<p>How much did the student earn from working (wages, salaries, tips, combat pay, etc.) in 2006 (question 38)?
If I didn’t work, then I should put zero?
I can’t put my parents wages right?</p>

<p>For following parts, Do I use my parent’s IRS FORM TO FILL IT OUT OR DO I PUT ZERO MOST OF it since I have never worked.
Step 2. (Q32 - Q47)
Student Filed 2006 Income Tax Return? ALREADY COMPLETED
Student’s Type of 2006 Tax Form Used IRS 1040
Student Eligible to File a 1040A or 1040EZ? YES
Student’s 2006 Adjusted Gross Income $454563
Student’s 2006 U.S. Income Tax Paid $112323
Student’s 2006 Exemptions Claimed 5
Student’s 2006 Income Earned from Work $0
Spouse’s 2006 Income Earned from Work<br>
Student’s Total Amount from Worksheet A $0
Student’s Total Amount from Worksheet B $0
Student’s Total Amount from Worksheet C $0
Student’s Total of Cash, Savings, and Checking Accounts $43453
Student’s Net Worth of Current Investments $0
Student’s Net Worth of Businesses/Investment Farms $0
Number of Months the Student Will Receive VA Education Benefits<br>
Monthly VA Education Benefits Amount</p>

2

<p>you would put 0 for most of the student questions because you have no income, etc…</p>

3

<p>1.) They are asking…Will you have earned your Bachelor’s Degree by July 1, 2007? If you will be entering college for the first time, then the answer is no.</p>

<p>2.)What degree are you planning on receiving: Associates, Bachelors?</p>

<p>3.) Yes, if you moved into your current state prior to 2002, you would answer yes.</p>

<p>4.) yes…it would be your father or step-father.</p>

<p>5.) If you are entering college for the first time, and you have no siblings already enrolled in college…then the answer would be no, no matter what.</p>

<p>6.) If you did not work at all during 2006, then you would put zero.</p>

<p>7.) Do not put any parent information in lines which ask for student information. If you had no income and did not file a tax return, place zero’s on the student lines.</p>

<p>Your parent information only belongs on the lines which ask about your parent(s).</p>