A U.S. student is defined as a U.S. citizen, permanent resident, or other eligible non-citizen. All other students should select international.
A transfer student is defined as a student with any college/university coursework taken AFTER high school graduation.
In addition to traditional forms of financial aid and payment plans, some families utilize other specialized financing.
Some families find that combining the benefits of tax deductibility with available low-interest equity loans is preferable to other forms of educational loans.
Although careful thought and planning are required when utilizing these types of loans, interest rates can in many cases be more advantageous than those offered by other financing alternatives.
Many students and families use private education loans to supplement the resources available from federal, state and Drake programs. For more information and a list of questions to ask when selecting a private education loan, contact the Office of Student Financial Planning.
When filing your federal income tax for any year in which your student attends college, please remember to review your eligibility for such programs as the Hope Scholarship Tax Credit, Lifetime Learning Tax Credit, and the regulations regarding IRA provisions when used for educational purposes.
Helpful links for financial assistance and scholarships.
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