Wow @bookmom7! If I saw a tuition bill of $0 I would just assume that D16 had withdrawn from the university without telling me. Weirdly, classes start on 8/22 and the fall semester bill is due September 12. The charges are listed in the account, but arenât officially on the bill until August 12. I guess can wring (or lose) a few more dollars out of the 529 account while I wait to pay.
Um, whatâs this about paying taxes on scholarship money? Mine only has a $3000 merit scholarship per semester but I guess thatâs another thing to add to the list of things to figure out.
You must be so proud @sseamom. It sounds like she is definitely on the right path!
We leave in 3 weeks - today is the day I throw up my hands and start cleaning Dâs room while sheâs off in a music festival in another state for the weekend. Sheâs still assigned to a room with no roommate and as I look around the apocalyptic nightmare she calls a bedroom, maybe itâs not such a bad thing.
@eh1234 if that $3K is being used toward tuition, books and required fees you wonât owe taxes on it. Scholarships used for room and board, travel ⊠is not only taxable but taxable at the parentâs rate. Make sure you use the 529 money to pay for Room and Board and the merit scholarship for tuition.
@sseamom I cried reading that. That is indeed why your D wants to be a teacher and why she will be so good at it. Also I truly dislike those âBut why JUST a teacherâ questions.
@sseamom - wonderful to know she is already making a positive impact on others- she will be a great asset to the teaching profession!
@gettingschooled - I am pretty sure he was assigned to Carothers in the Honors Quad but, I donât know for sure because I canât log on to his account. (I just see it assigned in my view of the bill) Hopefully when he lands in India & gets settled in- he can check. They will be staying at in Information Systems Corporation Teaching Facility site so, fingers crossed they will have wifi!
@bookmom7 - UT for whatever reason has almost no guaranteed scholarships for anything and that one student per high school getting one year free tuition seems to be one thing that works although most valedictorians end up at other schools.
Can you defer your scholarships to next year if you are expecting to pay tuition? Do you think the school your kid is in will give a tuition scholarship next year? Usually business and engineering honors students get some money.
@texaspg - Yes, UT is notorious for being stingy with $. We were very fortunate in that he did receive a Deanâs Scholars Endowment & TexasExes 4 year renewable scholarships plus some other outside ones - so, no doubt we will be paying more taxes this year. But, with all that said - UT was still the best & most reasonable choice. \m/
UT is very competitive. One of the local kids with a perfect ACT and SAT score will be attending and there are more kids of his caliber who are joining.
Thanks @3scoutsmom. Itâs a tuition scholarship from the school that shows as a deduction on our bill, so maybe we/she doesnât need to do anything with it for tax reporting purposes. Room, board, books, fees and tuition are all coming out of the 529 until itâs gone.
We finally crossed âget a driverâs licenseâ off the list. And afterward S said, âIâm glad thatâs over. Now I never have to drive again.â (!!??!!)
i paid the first semester bill a few weeks ago (by check), but did not know the school had received it until my D said âoh yeah, I did get a receipt for the first semesterâs payment.â I love how the person who actually pays the bill is actually the last to hear that the payment was received (sigh).
@carlson2 Did your son sign you up to allow notification of his bill and payment . Itâs something that he needs to do or you will not receive notifications because of FERPA.
@carolinamom2boys Perfect time to remind people to have their kids will out FERPA waivers. It may or not be easy to find on the website. I know both my sister and I got one at our respective orientations.
When I told our sweet girl that she did not have to allow us access to her information when she turned 18âŠher response was âwhat, why would I not allow you access?â When she refreshed her memory by pulling up GWâs COA she looked at me and said âyou and daddy are paying the bill so you can have access to whatever you want!â I cracked up laughing and she said (with a straight face) âno mom, Iâm serious, I know this is a blessing and you guys rock!â =D>
@Justathought1 I could have put it out there like that but it wasnât necessary. I learned from a dear friend who did that. The second semester of their childâs freshman year, the child was under some serious pressure in an engineering programâŠdidnât want the parents to see the grades (they werenât terrible but not the usual good grades). My friend threatened to stop paying the billâŠand actually didâŠnot long after the child was found hanging in the closet.
Iâm sure there must have been more going on but that pressure pushed the child over the edge.
Our kids are struggling with so many pressures and want to know we trust them. I would have gotten the bill had she not given me access. Yes, there are a lot of items to be handled. While I donât want her to miss any deadlinesâŠIâd rather give her a chanceâŠshow trust. If she misses something she may say âyou know mom, I think you need to have access until I get use to all of this.â
Weirdly, classes start on 8/22 and the fall semester bill is due September 12. The charges are listed in the account, but arenât officially on the bill until August 12. I guess can wring (or lose) a few more dollars out of the 529 account while I wait to pay.