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Definitions (90)
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1040 form
The Federal Income Tax Return. Every person who has received income during the previous year must file a form 1040 with the IRS by April 15.
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1098t
( a tuition statement) A form used by eligible educational institutions to report information about their students to the IRS 1099 Form
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401
A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your childrens' education.
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1098-e
As provided in the Taxpayer Relief Act of 1997, borrowers may be eligible to claim a deduction for interest paid on qualified student loans for educational expenses. Form1098-E (supplied to the studen [..]
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academic year
A period of time usually consisting of two semesters or [..]
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accrued interest
Interest on loans that accumulates and must be paid at a later date, usually when the principal becomes due.
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amortization
A schedule of repayment which includes payments consisting of both principal and interest.
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assets
Cash on hand in checking and savings accounts; tr [..]
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associate's degree
The degree granted by two-year colleges.
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award letter
An official document issued by a school's financial aid office that lists all of the financial aid awarded to the student. This letter provides details on their analysis of your financial need an [..]
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