Once you’ve filled your FAFSA and received your student aid report, a particular amount under the name of financial aid will be allocated to you, given that you meet all the basic eligibility criteria. You would need to apply for this financial aid for every year that you spend in college and each year this financial aid will vary on the basis of various changing conditions.

Nowadays, among all the expenses that have drastically increased, one need not mention how college tuition fees are soaring higher than ever. Increasing at a rate of 6 percent per year, it is decreasing opportunities and affordability for students at a much higher rate. In times like these, one should make sure to avail as many opportunities as possible to continue their education and one such opportunity available to most would be financial aid.

While many of us strive to put aside some small portion of our earnings into a savings account or an investment of some kind, a portion of financial planning that we tend to neglect is insurance. Often, it might seem like a waste of money to pay out a premium year after year toward something that you do not immediately see the benefit of.

Resolving your Internal Revenue Service (IRS) debt can be tricky and often financially challenging. There may have been times when what you owe more than what you can pay back to the government. Note that the IRS has authority over the assets you own and that can also be seized and used for full repayment of the debt which is why these amounts must not be left unchecked.

There are different types of taxes, namely, property tax, sales tax, payroll tax, and other. However, people refer to income tax when they use the broad term “taxes”. Income taxes are the federal government’s primary source of revenue. According to the Internal Revenue Services (IRS) “income” can be of any form such as salaries, royalties, rents, interest dividends, business earnings, and even lottery earnings.

Paying tax is essential, but it’s not a likable obligation. Many investors often prefer to earn tax-free income. This is where tax-free municipal bonds come in. These are fixed-income investments, the interest on which are exempt from federal taxes, and in some instances, from local and state taxes as well.