Student Tax Break: Students Lose Millions in TAX FREE MONEY

Students Miss Out on $$$ Millions in Tax Refunds

Follow these 5 steps to get a major tax refund this year. You'll get a double bonus reward!

1. Source of Funds: Take the "excess credit", extra money from your latest student loans. Many students just take this money and spend it wastefully. Follow the steps below and you'll have much more money each semester.


2. Invest Tax Free: Invest the money into an IRA (qualified retirement savings account). Tax free investing increases your net returns. It provides more growth and money in your account.


3. Call Tax Pros: Contact your Tax Pros advisor to open your IRA account. Click here for investment advice on which fund to choose.


4. Tax Deductions: Process your tax return with Tax Pros Online. Include our recommended tax deductions listed below.


5. Get Your Refund Check Fast: Use e-file and direct deposit to your bank account. our refund can be processed in a few short days. If you are really smart, deposit the funds to your new IRA investment account for extra TAX FREE growth.

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File Your Taxes Online

Top 3 Student Tax Deductions

These tips are best for working students with part-time or full-time jobs. A student must have a job, current year income to benefit from these deductions.

1. Tuition & Books: Keep your receipts. If your education and training courses are related to your current job/industry, you can deduct tuition expenses.


2. Books: Books are expensive. You can resell your books, PLUS take a tax deduction for their original cost. Keep a record of the purchase receipts, syllabus and reading list with your financial documents.


3. Activity Fees & Expenses: Your school may have additional fees for trips and other career training related activities. If you purchased special equipment (computers, lab gear etc) they can be be great deductions too. Seniors: don't forget your professional suits, uniforms and travel expenses for interviews.

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File Your Taxes Online

Bonus #1

Join the Wealth Builder Club - Fast Start Program and get your online tax filing for free!

Only our members get their unique, personal code to process their tax return free-of-charge.

CLICK HERE TO GET YOUR BONUS

Bonus #2

Get your money back... TAX FREE

Follow the top 5 steps completely. Whatever you put as an investment into your IRA investment account will be a deduction. So the money comes right back to you as a tax refund. TAX FREE

You can use it to pay off credit cards, go shopping or better yet...

Re-invest in your IRA ---> TAX FREE

CLICK HERE TO GET YOUR BONUS

START TODAY

FYI,

Most students think that they don't have to file taxes.

WRONG

Besides the fact that many students work while attending school, there are some major benefits to filing your taxes on time.

• Tax Refunds and Credits provide "extra" cash (tax free)
• Good tax records help with financial aid (loans and grants)
• Improves financial status for credit, loans and major purchases

Want to learn more ways to get TAX FREE MONEY for college students? Contact your personal advisor at Tax Pros.

Email your question and/or Talk to an advisor

Loan Forgiveness Programs for Teachers

Here is more information about Teacher Loan Forgiveness Programs. Send in your applications.
Pass it on. Getting student loan forgiveness is like getting a raise.

Teacher Loan Forgiveness Program
Basic Info
Application: FSA Loan Cancellation/Deferment Options

General Info
Stafford Loan Forgiveness

If your friends and coworkers are interested, tell them to contact us. I can give them more info.

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Financial aid officers agree to new policies

Financial aid officers agree to new policies

In a joint news conference with New York Attorney General Andrew Cuomo, National Association of Student Financial Aid Administrators President Dallas Martin admitted that conflicts of interest exist in the student-loan arena and adopted a new code of conduct pushed by Cuomo. "I was wrong," Martin said. "We didn't have all the facts."

Wells Fargo, New York state reach accord
Bloomberg News05/30/2007 03:26:54 AM PDT

Wells Fargo & Co., the nation's fifth-biggest bank by assets, became the latest lender to agree to a code of conduct for student loans, according to New York Attorney General Andrew Cuomo. Cuomo, who's investigating the $85 billion student-loan industry, said Monday that with the addition of the San Francisco-based bank, the five largest U.S. student loan providers have adopted his code, which bans revenue-sharing with colleges, payments for steering students to "preferred lenders" and compensation to financial aid officers who serve on lender advisory boards.

"The message is clear — lenders large and small must adhere to best practices and help restore integrity to the student loan industry," Cuomo said.

Doreen Woo Ho, president of Wells Fargo Education Financial Services, said in a telephone interview that Wells Fargo sent Cuomo a letter saying "most of the items in the code have been longstanding practices" at the bank, and that it had its own policies in place that it believed addressed Cuomo's concerns.

"We don't disagree with the New York code but we did not sign the New York code of conduct," Woo Ho said. "We believe our own lending principles and marketing practices really represent the way we would like to do business."

Woo Ho said the Wells Fargo code is more extensive than the New York code. She said the company would no longer provide printing services related to student lending, such as loan comparison charts.

Jeffery Lerner, a spokesman for Cuomo, said the attorney general interpreted Wells Fargo's letter as saying they've agreed to abide by the code. "Wells Fargo has demonstrated that in the student lending industry, it's now a race to the top rather than a race to the bottom, by saying that they want to abide by the best practices embodied in our code of conduct."
Besides Wells Fargo, Cuomo said he has reached accords with SLM Corp., the biggest student lender, also known as Sallie Mae; Citigroup Inc.; JPMorgan Chase & Co.; and Bank of America Corp., among other lenders.

Sallie Mae, Citibank, Education Finance Partners, a San Francisco-based lender, and New York-based CIT Group Inc. also agreed to contribute $9.5 million to educate students and their families about college loans.

full article and Video

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