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Syracuse Herald Journal in Syracuse, New York

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Aug 14, 1995

Page

17

Saving for college may not hurt aid chances says Lehigh official

Bill Stanford of Lehigh University notes that saving slightly reduces aid by six cents per dollar. He explains federal aid weighs current income most, using an example where a family with 64,000 income and 10,000 savings would pay 9,700, rising to 12,348 with 20,000 more savings, only 1,128 more than no extra savings.

Stanford Lehigh University Bethlehem Princention T Ingeptien Stinet Bob Jones Jones HrigneSonmer News Servite

Planning your first home purchase and budget basics

Sharon Patchett outlines steps for prospective buyers to assess affordability and set a spending plan. The guide covers evaluating housing priorities, using a counselor from the Consumer Credit Counseling Service, keeping a four week spending record, and considering moving costs. Contact details for CCCS in Central New York are provided.

Consumer Credit Counseling Service Consumer Credit Sharon Patchett Central New York S. Salina St Syracuse

Watch Your Scanner Price for Accurate Checkouts

Consumers should monitor store scanner displays to avoid overcharges. If a misprice occurs, ask for an adjustment before paying and keep receipts. Bring ads for reference, note prices, and contact management or consumer agencies if errors persist.

Better Business Bureau Lore State Attorney General's Office OF State Comsghner ProLegion Usefice

Mortgage interest deduction debate sulle class="headline" in election year

The debate over replacing deductions with a flat-rate income tax roils the housing sector. The National Association of Realtors cites a DRI/McGraw Hill study predicting homeowners would lose $84 billion a year in tax savings and nationwide homeowner equity could fall by $1.7 trillion, about 15 percent of home values. The CBO warns repeal could raise taxes on 28 million homeowners by about $2,100 in 1996 and lift net mortgage payments, potentially pricing some households out of their homes. Proponents argue the real impact is uncertain and cite 1986 reform as evidence. The campaign stakes are high as tax reform discourse intensifies before the next election.

National Association of Realtors DRI McGraw Hill America Congressional Budget Office Mitchell Rebecca Schaefer Citizens For Australia U.S Congress

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