- FinAid - Financial Aid Information
- Annual Credit Report
- U.S. Department of Education
- College Board
- True Benefits Of Having A Good Credit Score
- How To Get a Perfect Credit Score
- How to Read Your Credit Report
- How to Build a Budget
- 6 Principles of Personal Finance and Budgeting
- 2021–2022 Financial Aid: New Student Undergraduate Bulletin (East Falls only) (PDF)
- Undergraduate/Graduate Financing Guid e (PDF)
- Federal Work-Study Graduate Research Assistantship Program Brochure (Center City only) (PDF)
- Federal Direct Loan Entrance Counseling Guide (PDF)
- Federal Direct Loan Exit Counseling Guide (PDF)
- What Everyone Should Know about Personal & Professional Financial Planning
- DIY: Personal Budgeting
- Insurance Fundamentals
- Practical & Legal Considerations: What is in an Employment Contract
- First Time Mortgage & Home Buying Fundamentals
- Managing Educational Debt
- Understanding Your Financial Aid Award Information (YouTube)
- Paying Your Bill at Jefferson (PPT)
Sidney Kimmel Medical College Students
- AAMC Loan Forgiveness Database
- SKMC Financial Aid Handbook (2019–2020) (PDF)
- The SKMC Guide to Financing Your Medical Education (2022–2023) (PDF)
- Managing Your Medical School Debt (2019) (PDF)
- AAMC Education Debt Manager for Matriculating and Graduating Medical School StudentS (PDF)
- SKMC Online Exit Counseling 2021 (Video)
- SKMC Online Exit Counseling 2021 (PDF)
Federal Tax Credits & Deductions
Federal Tax Credits
A tax credit is an incentive that allows taxpayers to subtract an amount from their local, state, or federal tax liability. Governments offer tax credits to incentivize certain behaviors or to support public goods. The federal tax programs are:
- American Opportunity Credit—allows you to claim up to $2,500 per student per year for the first four years of school as the student works toward a degree or similar credential.
- Lifetime Learning Credit—allows you to claim up to $2,000 per student per year for any college or career school tuition and fees, as well as for books, supplies, and equipment that were required for the course and had to be purchased from the school.
For more information, contact the IRS or your accountant, or visit: studentaid.gov/resources/tax-benefits.
Federal Tax Deduction
A federal tax deduction is a reduction in your income prior to determining the amount of tax you owe. If you are eligible, you will be able to deduct a portion of the interest expense you paid on your federal student loans in the prior calendar year. The maximum deduction is $2,500 a year.
For more information, contact the IRS or your accountant, or visit irs.gov's Publication 970 page.