There is help in Connecticut for tuition bills

FI-Letter-to-the-EditorTo the Editor

There’s important news that state residents must be aware of under Connecticut law.

Under a policy adopted by the former Board of Governors for Higher Education, institutions must set aside 15% of tuition dollars for institutional financial aid purposes. When the tuition increases, so, too, does the amount of financial aid available to students. These awards are annual and not repayable by the recipient.

I am sure most parents and students are unaware of this phenomenon and would, at a minimum, wish to have it highlighted in their tuition bills. Tuition is $26,000 a year for in-state residential students and $3,000 for set-aside. Out-of-state students pay $31,000 a year in tuition and $4,650 a year for set-aside.

As these dollars are going toward scholarships, a tax deduction may be warranted.

In addition to public institutions, there are several private colleges and universities that apply the 15% set-aside to tuition bills. A complete list may found online at College-scholarships.findthebest.com/l/14262/Tuition-Set-Aside-Aid.

 

Janet Lockton
Greenwich

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