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Frequently Asked Questions
What is FAFSA?
To apply for federal student aid, such as federal grants, work-study, and loans, you need to complete the Free Application for Federal Student Aid (FAFSA). Please visit the SBCC Financial Aid office in the Student Services building for more information.
What is Tax Form 1098-T?
The 1098-T, also called Tuition Statement, is an information form Santa Barbara City College files with the Internal Revenue Service. This form is also supplied to the student to assist you, the taxpayer, in determining if you are eligible to claim any tax credits and/or deductions for educational expenses.
California Earned Income Tax Credit and Young Child Tax Credit
If you have low income and work, you may qualify for the California Earned Income Tax Credit (CalEITC). This credit gives you a refund or reduces your tax owed. If you qualify for CalEITC and have a child under the age of 6, you may also qualify for the Young Child Tax Credit (YCTC). Together, these state credits can put hundreds or even thousands of dollars in your pocket.
Financial Literacy Videos
CSU Northridge has a Financial Literacy YouTube channel!
What is Public Service Loan Foregiveness (PSLF)?