ASTATE OneCard: Alternative options for students to save money
Incoming freshmen will be issued a new kind of ID called the ASTATE OneCard.
The university has teamed up with Discover Money Network to allow students to open an account with ASU Student Account Services, separate from their school account, to be used anywhere that accepts Discover card, including off-campus locations.
Since last week the card has been available to current ASU student. Students with the old IDs will be able to go to the card center and be issued a new ID.
Sheryl Puckett, campus card manager, said she was still unsure whether current students will be charged $10 if they desire a new card.
Were excited to introduce the new ASTATE OneCard. It will allow financial aid refunds to be put on the ID and used wherever Discover is used, Puckett said.
Now students are able to use their refunds from financial aid quicker and take it off campus. Book money will still be required to go through express dollars.
There are two magstripes on the new IDs. The black magstripe will allow students to access all the functions of the current ID.
There is a holographic magstripe added that allows the student to access the Discover account.
The card does not function as a credit card, but as a loadable card that works as a debit card. Students can use the account as a bank account if desired.
Taking out a loan or paying out of pocket for tuition, fees, supplies or books can result in a larger tax return. Undergraduate students that are taking a standard deduction on their return can file for the American Opportunity Tax Credit, form 8863.
If students are already itemizing their deductions and including tuition and fees, then the tax credit is not an option.
The Internal Revenue Service website states that 40 percent of the credit is refundable giving students almost $1,000 more each year. If students are dependents, then parents can file for the tax credit as well.
An H&R Block associate in Jonesboro said that he has seen a lot of nursing students take advantage of the tax credit by claiming all of their expensive books and necessary equipment costs.
Keeping receipts of the books and equipment costs are advisable. Students can print a copy of their student account summary to use as proof of tuition or fees being paid from a loan or out of pocket
Tax documents can be amended up to three years. Students can go back and claim the tax credit to still get that tax credit.
Over the past five years $83,652.55 has been reported as unclaimed property to the state. This money belongs to former and current students, faculty, staff and businesses that have relations with ASU.
If the university cannot locate the people or business it owes money to then it sends the money to the Arkansas State Auditors office.
About $170 million in unclaimed property has been reported to the state over the past 15 years from the entire state.
The state is marketing the search for those who have unclaimed property as the Great Arkansas Treasure Hunt and to check it go to https://www.ark.org/auditor/unclprop/index.php. A person who wants to search for unclaimed property can search using their last name or social security number.
Get Top Stories Delivered Weekly
From Around the Web
More ASU Herald News Articles
Recent ASU Herald News Articles
Discuss This Article
MOST POPULAR ASU HERALD NEWS
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST ASU HERALD NEWS
- Volleyball continues dominating the Sun Belt
- A-state women’s basketball dominates preseason competition
- A-State ROTC inducts three into Hall of Heroes
- A-State ranked in top 100 list of “Best for Vets”
- Awareness Project impacts A-State students and faculty
- Howl named one of the top 10 national mascots
- Deathtrap: the perfect play for murder
FROM AROUND THE WEB
- Tax-Savings Tips From Licensed Experts
- Not Leo DiCaprio? How to Cut Your Energy Bills Anyway
- Television Best Bets: Streaming Programs Worth Watching
- Modern Farming: Technology Helps Keep Food on the Table
- An End to Acid Reflux?
- How to Select a Contractor: Certification Counts With...
- Modern Landfills: Safe, Smart and Green
- Medicine Safety Reminders for Cold and Flu Season
- What It Takes to Get One of the Most In-Demand Jobs
- Where Do Pests Lurk? The Rooms in Your Home That Pests...
COLLEGE PRESS RELEASES
- LINE Webtoon Launches Challenge League, a New Discovery Feature for Webcomic Creators and Aspiring Artists
- 6 ‘Friendsgiving’ tips that won’t leave you stuffed
- PARAMORE UNVEIL EXPANDED DIGITAL EDITION OF BLOCKBUSTER FOURTH ALBUM
- MELANIE MARTINEZ ANNOUNCES THIRD LEG OF “DOLLHOUSE TOUR”
- Sigma Lambda Gamma National Sorority, Inc. Declared Winner of Voto Latino’s RepUrLetters Challenge