Partnership between Opportunity Nation and National Community Tax Coalition Provides Helpful Lens for Looking at Poverty
When most people think of taxes, they typically don’t make a connection to the idea of “economic opportunity.” But the truth is, tax time is a crucial moment for many American families who are able to take advantage of refundable tax credits for which they may qualify. These include the Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), or the American Opportunity Tax Credit (AOTC). Qualifying families can use their refunds to pay for basic needs or use the money as a catalyst to start saving in case of emergency, such as opening a savings account or buying a U.S. Savings Bond. In addition, the heightened attention paid to family finances at tax time can open the door to other services, such as credit counseling or receiving assistance with the Free Application for Federal Student Aid (FAFSA). Read the rest of this entry
The voting continues until Tuesday, October 15th for NCTC and the Citi Foundation for the Best Partnership Award for the Financial Aid U program. You can vote once per day, every day!
With funding from the Citi Foundation, Financial Aid U (FAU) has helped put more than 8,000 students across the U.S. on the path to earning a college degree. Our program helps steer students through the complex financial aid process and unlocks millions of dollars in federal and state aid and loan funding. For these students, financial aid is a crucial determining factor in their decision and ability to pursue a college degree. Read the rest of this entry
In conjunction with the Citi Foundation, NCTC created the Financial Aid U (FAU) Training Institute to educate and train new, selected organizations to implement FAFSA preparation services in their communities. This past tax season NCTC trained seven new programs to launch FAU in their communities so they could assist students in gaining access to federal student aid for postsecondary education. Read the rest of this entry
Last week, NCTC organized a Day of Action so that some of our Financial Aid U (FAU) and College Assistance Program (CAP) members could meet with their elected officials in order to advocate for higher education and financial aid policies that increase postsecondary access and affordability. These two initiatives both entail assisting students and their families with filling-out the Free Application for Federal Student Aid (FAFSA), which is the first step in accessing financial aid, without which the dream of attending college would be beyond the reach of too many families. Read the rest of this entry
NCTC is proud to announce and congratulate the inaugural class of the Financial Aid U Training Institute! Eight programs from across the country will be admitted to the next iteration of the Financial Aid U program.
Programs were chosen based on their commitment to adding or building their current asset building services to assist aspiring first-generation and low-income students in financing their college education.
The inaugural class includes: Read the rest of this entry
NCTC invites our members to join us in an effort to provide streamlined Free Application for Federal Student Aid (FAFSA) preparation services to our clients. Concerns about the low visibility of financial aid programs and the complexity of the application process have spurred calls to simplify the FAFSA form and enhance the visibility of programs educating students about financial aid.
To address these obstacles, NCTC is participating in a research project with the Department of Education, Internal Revenue Service (IRS), CCH Small Firm Services and a team of university researchers. Read the rest of this entry