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The number of high school seniors applying for U.S. federal college aid plunged in the weeks following the sudden closure of school buildings this spring — a time when students were cut off from school counselors, and families hit with financial setbacks were reconsidering plans for higher education.In the first weeks of the pandemic, the number of new applications fell by nearly half compared to last year’s levels, fueled by a precipitous decline among students at low-income schools, according to an Associated Press analysis of federal data. The numbers have risen as states and schools have launched campaigns urging students to apply for aid, but they remain down overall from last year.It’s raising alarms among education officials who say thousands of students may be opting to delay or forgo college, with potentially dire consequences for their job prospects and future earnings.“The consequences are that kids are going directly into the workforce. They’re closing the door on post-high school learning,” said David Nieslanik, principal of Southridge High School in Beaverton, Oregon, where he saw only more affluent students file for aid once instruction moved online.The FAFSA, short for Free Application for Federal Student Aid, is required for students to be eligible for federal Pell grants and student loans. It’s also often a requirement for state aid. Students who complete the form are far more likely to enroll in college, studies have found, and those who receive aid are more likely to stay in college.In the four weeks starting March 13, the number of completed applications was down 45% compared to the same period the year before, according to the AP analysis. It was sharpest at Title I schools, a federal designation for public schools that have larger shares of low-income students, which saw a 52% decrease, compared to a 39% slide at other public schools.Overall, applications were down by 70,000 as of June 19, representing a 3.7% drop for the entire application cycle.Even before the pandemic, some states had been expecting to see decreases as demographic shifts result in fewer high school seniors, and plenty of individual schools saw filings hold steady or increase. However, as the coronavirus started to spread, every state saw numbers slide compared to last year’s levels, even states that had more high school seniors this year.Schools say the pandemic contributed to the slide in several ways. Separated from their schools, students lost touch with counselors who typically guide them through the complex financial aid process. Families without reliable internet access struggled to complete the online form. And amid economic turmoil, some students took jobs and put college plans on hold.The pandemic’s timing worsened its impact on low-income students, experts say: While more affluent students typically submit the FAFSA earlier in the application cycle, low-income students are more likely to wait until March or April, the time when schools were shutting down.Gregory Cole, principal of the Mojave High School in North Las Vegas, Nevada, said it came at “the very worst time.”Many parents lost jobs as the region’s gaming industry shut down, and some students took jobs in groceries or fast food chains. Compounding the problem, many students come from families that had never filed the form, which requires a range of tax and Social Security records.“We’re the lifeline for a lot of our kids,” Cole said. “Without us there to help them through the process, I think it’s inevitable that some of them are going to fall through the cracks.”Once schools closed, counselors could no longer pull students into their offices to talk, or invite families to school to navigate the FAFSA. Instead, schools were left sending emails that often went unanswered, or they relied on unwieldy video chats to help families with paperwork.There’s hope that the decrease is partly tied to students who plan to attend community colleges and are waiting to file until closer to those schools’ deadlines, which are often later, said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators. Still, he worries that the drop-off may be more than a “temporary blip.”“During recessions, traditionally more people go back to school to retool. But this just feels very different because of the pandemic, the illness, the job loss, and then the quarantines that might reappear this year,” he said. “All of this says to me, there are a lot of things to be worried about.”Education officials are encouraging students to apply over the summer, even if only to see how much financial aid they could receive. North Carolina recently launched a “FAFSA Frenzy” campaign, while Kentucky is hosting “FAFSA Fridays” urging students to apply.Although deadlines for some state scholarships have passed, students can still apply for federal aid for the 2020-21 school year through June 2021.In Louisiana, one of several states where students are required to file the FAFSA in order to graduate from high school, state officials waived that rule because of the pandemic. But state education officials are still calling and texting students in districts with lower completion rates.As of June 19, applications among the state’s low-income students were down by nearly 9%.“We are not going to stop,” said Sujuan Boutté, executive director of the Louisiana Office of Student Financial Assistance. “We’ve got to be that rock that says, ‘I do understand that there’s a lot of uncertainty, but this is a ticket to your future and you don’t want to put that on hold.’”Officials in Kentucky say they’re working hard but aren’t optimistic they’ll catch up with last year’s numbers. Even if they do, they worry that many students who filed will ultimately not enroll in college.“We may reach the same percentage, but I’m not optimistic that all of those students will be going to college,” said Aaron Thompson, president of the Kentucky Council on Postsecondary Education. “If I’m wrong about this, I will be shouting hallelujah.”___ Binkley reported from Boston. Fenn reported from New York. 6143

The IRS clarified on Friday that companies will be obligated not to take Social Security taxes from paychecks starting next week running through the end of the year.Nearly all Americans are taxed 6.2% per check to go toward Social Security. For now, barring any action from Congress, most Americans will see larger paychecks through the end of the year. The guidance is based on an executive order signed earlier this month by President Trump in hopes of stimulating the economy.Related: What a payroll tax deferral may mean for your paycheck and taxesThe Social Security tax deferment is applicable to workers who make up to ,000 on a bi-weekly basis. Those making more than ,000 every two weeks will continue to have their Social Security taxes withheld from checks.The deferment is not an actual tax cut, and because the deferment was done via executive order rather than an act of Congress, the taxes will need paid back by April 30, 2021.The White House has said they would like to see the elimination of the Social Security payroll tax be made permanent in an effort to lower the tax burden. Opponents say that eliminating the tax on Americans would make Social Security insolvent.Stephen Goss, the chief actuary for the Social Security Administration, told the US Senate this week that a hypothetical bill that would make the tax deferment permanent would cause Social Security to no longer be able to make payments to beneficiaries by the middle of 2023.For employees making ,000 a year, the elimination of Social Security taxes would result in an extra per paycheck every two weeks. Assuming the employee has eight paychecks left in 2020, that would result in 2 in taxes deferred in 2020, which would be repaid in 2021. For employees making ,000 per year, those figures would be doubled. 1821

The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like Bitcoin and is a digital representation of value that functions as a medium of exchange, according to the IRS.The question asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only options to answer are yes or no.The question is similar to one that was added to the form for 2019 tax filings. At the time the question was on a section used to report certain additional income or adjustments, called Schedule 1. However, not a lot of people file Schedule 1 forms with their return. In 2014, the IRS issued a notice that virtual currency should be treated as property for tax purposes. Tax experts say the move, putting the question on the main form, may signal that the IRS is serious about going after virtual currency investors who under-report their holdings.“In my view, the IRS is treating omitted virtual currency transactions in the same manner it pursues foreign bank accounts of U.S. taxpayers,” Lewis Taub, a certified public accountant and director of tax services at Berkowitz Pollack Brant Advisors + CPAs told Yahoo Finance. “By asking the question on the top of the first page of the return, the IRS is making it clear that any income from gains or losses from virtual currency must be reported on the return.”The question will appear at the top of the 1040 form, right below a person’s name and address.The IRS has increased their investigations into cryptocurrency investments, getting digital currency exchanges to release information about investors activity.Among recent high-profile cases was software mogul John McAfee, who was accused of tax evasion using cryptocurrency in October, according to FOX News. 1922

The number of high school seniors applying for U.S. federal college aid plunged in the weeks following the sudden closure of school buildings this spring — a time when students were cut off from school counselors, and families hit with financial setbacks were reconsidering plans for higher education.In the first weeks of the pandemic, the number of new applications fell by nearly half compared to last year’s levels, fueled by a precipitous decline among students at low-income schools, according to an Associated Press analysis of federal data. The numbers have risen as states and schools have launched campaigns urging students to apply for aid, but they remain down overall from last year.It’s raising alarms among education officials who say thousands of students may be opting to delay or forgo college, with potentially dire consequences for their job prospects and future earnings.“The consequences are that kids are going directly into the workforce. They’re closing the door on post-high school learning,” said David Nieslanik, principal of Southridge High School in Beaverton, Oregon, where he saw only more affluent students file for aid once instruction moved online.The FAFSA, short for Free Application for Federal Student Aid, is required for students to be eligible for federal Pell grants and student loans. It’s also often a requirement for state aid. Students who complete the form are far more likely to enroll in college, studies have found, and those who receive aid are more likely to stay in college.In the four weeks starting March 13, the number of completed applications was down 45% compared to the same period the year before, according to the AP analysis. It was sharpest at Title I schools, a federal designation for public schools that have larger shares of low-income students, which saw a 52% decrease, compared to a 39% slide at other public schools.Overall, applications were down by 70,000 as of June 19, representing a 3.7% drop for the entire application cycle.Even before the pandemic, some states had been expecting to see decreases as demographic shifts result in fewer high school seniors, and plenty of individual schools saw filings hold steady or increase. However, as the coronavirus started to spread, every state saw numbers slide compared to last year’s levels, even states that had more high school seniors this year.Schools say the pandemic contributed to the slide in several ways. Separated from their schools, students lost touch with counselors who typically guide them through the complex financial aid process. Families without reliable internet access struggled to complete the online form. And amid economic turmoil, some students took jobs and put college plans on hold.The pandemic’s timing worsened its impact on low-income students, experts say: While more affluent students typically submit the FAFSA earlier in the application cycle, low-income students are more likely to wait until March or April, the time when schools were shutting down.Gregory Cole, principal of the Mojave High School in North Las Vegas, Nevada, said it came at “the very worst time.”Many parents lost jobs as the region’s gaming industry shut down, and some students took jobs in groceries or fast food chains. Compounding the problem, many students come from families that had never filed the form, which requires a range of tax and Social Security records.“We’re the lifeline for a lot of our kids,” Cole said. “Without us there to help them through the process, I think it’s inevitable that some of them are going to fall through the cracks.”Once schools closed, counselors could no longer pull students into their offices to talk, or invite families to school to navigate the FAFSA. Instead, schools were left sending emails that often went unanswered, or they relied on unwieldy video chats to help families with paperwork.There’s hope that the decrease is partly tied to students who plan to attend community colleges and are waiting to file until closer to those schools’ deadlines, which are often later, said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators. Still, he worries that the drop-off may be more than a “temporary blip.”“During recessions, traditionally more people go back to school to retool. But this just feels very different because of the pandemic, the illness, the job loss, and then the quarantines that might reappear this year,” he said. “All of this says to me, there are a lot of things to be worried about.”Education officials are encouraging students to apply over the summer, even if only to see how much financial aid they could receive. North Carolina recently launched a “FAFSA Frenzy” campaign, while Kentucky is hosting “FAFSA Fridays” urging students to apply.Although deadlines for some state scholarships have passed, students can still apply for federal aid for the 2020-21 school year through June 2021.In Louisiana, one of several states where students are required to file the FAFSA in order to graduate from high school, state officials waived that rule because of the pandemic. But state education officials are still calling and texting students in districts with lower completion rates.As of June 19, applications among the state’s low-income students were down by nearly 9%.“We are not going to stop,” said Sujuan Boutté, executive director of the Louisiana Office of Student Financial Assistance. “We’ve got to be that rock that says, ‘I do understand that there’s a lot of uncertainty, but this is a ticket to your future and you don’t want to put that on hold.’”Officials in Kentucky say they’re working hard but aren’t optimistic they’ll catch up with last year’s numbers. Even if they do, they worry that many students who filed will ultimately not enroll in college.“We may reach the same percentage, but I’m not optimistic that all of those students will be going to college,” said Aaron Thompson, president of the Kentucky Council on Postsecondary Education. “If I’m wrong about this, I will be shouting hallelujah.”___ Binkley reported from Boston. Fenn reported from New York. 6143

The grandmother of a missing 5-year-old Dickson, Tennessee boy said she has been cooperating with law enforcement after her stepson was arrested for his death.Belle Daniels spoke to Scripps station WTVF in Nashville the night several vigils were being held for her grandson, Joe Clyde Daniels."Right now, we’re feeling that it’s a nightmare, and we’re hoping to get closure soon," said Belle. The boy, who had autism and was nonverbal, was first reported missing by his parents the morning of April 4.Hundreds of volunteers and law enforcement agencies responded to help search for the boy, but on Saturday, the rescue search turned into a recovery effort.Investigators with the Tennessee Bureau of Investigation and the Dickson County Sheriff's Office said 28-year-old Joseph Daniels confessed to killing his son and hiding his body. “It’s shocking because you raise a child from way back, and you think you know him. You don’t think your child could kill his own baby," said Belle. Belle said she was with her husband in Texas because he is a truck driver. That's when they heard that their grandson disappeared.“When we found out about it, my heart just sunk. We didn’t know what was going on, and when they couldn’t get leads, I thought somebody abducted him," she added. She returned on Friday right before he was arrested for one count of criminal homicide. She said she doesn't know why her son would commit the alleged crime. “We’re doing the best we can do, and I want people to know from the bottom of my heart I appreciate everything that law enforcement, churches, and all of the media that has done for us," Belle said.On Sunday, a smaller group of search crews continued to search for the child's remains.Sheriff Jeff Bledsoe scaled back efforts to give crews much needed rest.He said the search will continue with local special response teams on Monday, and they will assess areas needing to be covered. 1966

来源：资阳报