Every day we read the news and view countless stories of politicians. They debating over the future of student loans and the overall cost of attending college. While there is merit in looking towards the future, working college students need solutions right now. There is already enough stress with classes, tests, and presentations. These solutions help them deal with the exponentially rising cost of tuition. The FICA Student Tax exemption is a way to remove taxes from a student’s paycheck. This allows them to have more disposable cash.
Students who work less than 80% of the week and are enrolled with at least 6 academic credits can apply for this exemption. In the summer, workers need only be taking 6 credits if they are undergrad. If they are graduate students, you only need 2 credits. This is what the government deems “half-time enrollment”. Students who do not meet the half-time enrollment requirement need to contribute the usual 7.5% of their income to DCP, or the Defined Contribution Plan and 1.45% to Medicare.
The Defined Contribution Plan is an alternative to Social Security. It is usually used by some universities as a deferred retirement number.
Vola Finance can advance you up to $300 at NO INTEREST. Vola Finance can make sure your bank balance does not get too low and alert you before it does so that you don’t pay overdraft or NSF fees. Furthermore, Vola Finance breaks down your spending pattern to help you budget your upcoming expenses and find ways for you to save.
Vola supports over 6000 banks and credit unions and uses one of the nation’s largest bank connection providers to securely establish a link to your account.
Vola is transparent. There are NO HIDDEN FEES Vola operates by charging a subscription fee, there are no other charges. If the features offered by Vola are not compatible with your bank or phone, Vola Finance will refund you your subscription fee.
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