I see these huge InfoGraphics floating all around Pinterest these days. I wish this one was available back when I was considering my financing options for college! This one was created by Southern New Hampshire University and it’s absolute genius!
I LOVE how it breaks it down into simple terms that any soon-to-be college student can understand. It’s so smart to have something like this available for parents and their kids to discuss when weighing the options.
Student loans seem to be the way most go these days but then accumulate a mountain of debt during the college years. Not to mention the debt incurred if you borrow money to live on too! YIKES! When you lay it all out there it’s clear to see how a little forethought in your financing decisions can save you thousands of dollars down the road. Well worth the few minutes to read this!
So please pass this on! Share it on Facebook and on Twitter with your friends and family. I’m sure they know a new graduate that would appreciate this information. I would have.
Some part of a grant may be taxable if the grant money has not entirely been spent on tuition, qualified education expenses and fees. Room and board are taxable. If the entire amount of the grant was spent on IRS approved expenses and your daughter had no other income, no tax reporting is required.
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