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Registered
Join Date: Jan 2005
Location: Houston (The Vintage), Texas
Posts: 4,523
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Tough Question: Finacial aid related
Coming time to finish up on the my undergrad, (about time) and I am having a tough time figuring out a question. Have searched far and wide on the interwebs and cannot seem to come to a conclusive answer.
Facts: Employer pays for tuition up to $25,000 lifetime. Only $5,000/academic year Can I receive money from my employer AND also receive a grants/financial aid that I don't have to pay back? Are there certain tax reasons why I cannot do this?My goal is to be completely debt free once I finish my undergrad. Many thanks, -Tom
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-Tom '73 911T MFI - in process of being restored '73 911T MFI - bare bones '87 924S - Keep's the Porsche DNA in my system while the 911 is down. aka "Wolf boy" |
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08-25-2012, 02:37 PM
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If you fill out the FAFSA, it will tell you what you qualify for.
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Dustin |
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08-25-2012, 02:42 PM
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Join Date: Jan 2004
Location: Seattle
Posts: 1,954
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[QUOTE] Coming time to finish up on the my undergrad
I don't understand Texan lingo. Will you be in school this upcoming school year, at least half-time? Most employers who do this will reimburse you for expenses you have already paid. So yes, you are eligible for grants and financial aid, and you do *not* have to report the reimbursement $$ to your f.a. office, since your f.a. is based on your income from last year. _ |
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08-25-2012, 02:45 PM
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Join Date: Jan 2005
Location: Houston (The Vintage), Texas
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I am currently a part time student since I work full time. It appears that you are correct. It just seems strance; feels like I am double dipping the system.
I guess if I can legally obtain funds from two different sources I may as well.
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-Tom '73 911T MFI - in process of being restored '73 911T MFI - bare bones '87 924S - Keep's the Porsche DNA in my system while the 911 is down. aka "Wolf boy" |
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08-25-2012, 03:01 PM
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Unless their rules prohibit it. Some tuition programs require that they be the last payer and don't pay if you get the money through another program/scholarship. ROTC is one example of this..
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo http://www.pelicanparts.com/gallery/fintstone/ "The problem with socialism is that you eventually run out of other people's money" Some are born free. Some have freedom thrust upon them. Others simply surrender |
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08-25-2012, 08:14 PM
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Registered
Join Date: Jan 2005
Location: Houston (The Vintage), Texas
Posts: 4,523
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Monday morning bump.
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-Tom '73 911T MFI - in process of being restored '73 911T MFI - bare bones '87 924S - Keep's the Porsche DNA in my system while the 911 is down. aka "Wolf boy" |
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08-27-2012, 08:09 AM
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1974 Porsche 911 3.0
Yellow 911
