Hello I was wondering if I were to enroll in a college and I requested that they didnt release my information out to anyone, like the IRS who they release info on tuition paid into the school by the student?. If they would do it or would have to if requested as this is a privacy issue? Thanks in advance
It is possible that while a prospective student is in the process of enrolling at any given school they sign a bunch of documents and that one of these documents states that they are giving the school permission to release certain kinds of information to certain places. For example, the school might be required to release information to the Federal government due to the fact that they receive federal money for financial aid. It's possible that refusing to allow your own information to be released might result in your inability to enroll in the school. This is speculation on my part as I do not know that this is the case. Jack
Often the bottom line is this: You don't have to agree to release any information but, the university doesn't have to 1) accept you into the program 2) authorize any financial aid. If you refused release of tuition paid info to the IRS then you would not be eligible for tax credits related to that information. Let's say though that a person wanted to keep the IRS from knowing they paid any tuition money -- maybe because he/she didn't want the IRS to know he/she had the money to pay tuition with. One solution might be this: give your tuition money to a trusted aunt or uncle. Have said aunt/uncle pay your tuition with it by a check. Said aunt/uncle will profess that "I just want to help my favorite nephew get ahead a little". In this way, you didn't pay tuition -- Uncle paid it for you. And uncle may be able to take the tax credit too (see an accountant) Consider carefully though before you decide you want to try to deceive Uncle Sam -- he doesn't take kindly to being tricked...
