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Cost of Raising Children from Birth to High School Graduation Up 4.4% to $221,190

Cost of Raising Children from Birth to High School Graduation Up 4.4% to $221,190

The US Department of Agriculture estimates that middle-income two-parent families will spend $221,190 in 2008 dollars to raise a child born in 2008 from birth to high school graduation. The cost ...

Mark Kantrowitz
Published August 25, 2009
How does job loss affect federal student financial aid?

How does job loss affect federal student financial aid?

When I turned in my FAFSA my parents were making a lot more money than they are now. Both my parents were working full time, but now my mom is the ...

Mark Kantrowitz
Published August 25, 2009
Survey Says: Financial Considerations Affecting College Choices

Survey Says: Financial Considerations Affecting College Choices

Sallie Mae and Gallup just released the results of a survey of how American families pay for college. The survey found that families are becoming more cost conscious in their college ...

Mark Kantrowitz
Published August 19, 2009
Introduction to Saving for College

Introduction to Saving for College

You're about to have a baby and you're already worrying about how to pay for their college education. Or your son or daughter just started high school and you read about ...

Mark Kantrowitz
Published August 19, 2009
Albany City Council Passes Loan Forgiveness Resolution

Albany City Council Passes Loan Forgiveness Resolution

The Albany Common Council passed a non-binding resolution urging Congress to "consider forgiving student loans" on Monday, August 17, 2009 by a vote of 12 to 0. The city council's resolution ...

Mark Kantrowitz
Published August 18, 2009
Got a Burning Financial Aid Question? Ask the Expert!

Got a Burning Financial Aid Question? Ask the Expert!

Wondering how to maximize your financial aid package? Got a specific student aid question you can't find the answer to? No matter what is its, if you've got a financial aid ...

Published August 18, 2009
Would Forgiving Student Loans Stimulate the Economy?

Would Forgiving Student Loans Stimulate the Economy?

Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy. Most noteworthy is ...

Mark Kantrowitz
Published August 9, 2009
Is tuition refund insurance worthwhile?

Is tuition refund insurance worthwhile?

College is a big investment, as expensive as buying an automobile or a house. You insure your car and your home, why not insure your child's college education? Tuition refund insurance ...

Mark Kantrowitz
Published July 31, 2009
Congress Proposes Overhaul of Federal Student Loan and Grant Programs

Congress Proposes Overhaul of Federal Student Loan and Grant Programs

The US House of Representatives is considering legislation to overhaul the federal education loan and grant programs. The Student Aid and Fiscal Responsibility Act of 2009, nicknamed SAFRA, will increase funding ...

Mark Kantrowitz
Published July 20, 2009
First Steps Toward Simplifying the FAFSA

First Steps Toward Simplifying the FAFSA

Student aid policy experts have argued for years that the Free Application for Federal Student Aid (FAFSA) is too long and too complicated. The FAFSA form is a source of confusion ...

Mark Kantrowitz
Published July 5, 2009
President Obama Simplifies the FAFSA for You

President Obama Simplifies the FAFSA for You

In a statement today, the Obama Administration announced sweeping changes to the FAFSA. Families filling out the FAFSA will no longer have to go through such a painstaking process just to ...

By Kathryn Knight
Published June 24, 2009
Hidden College Costs

Hidden College Costs

You've calculated tuition costs, figured in room, board and books. You've even checked out scholarships and grants, filled out the FAFSA and budgeted for day-to-day expenses like groceries and laundry money. ...

By Kathleen Carmichael, Ph.D.
Published June 5, 2009
Survey Says: Parents Still Saving for College Despite Economy

Survey Says: Parents Still Saving for College Despite Economy

Sallie Mae and Gallup just released the results of a survey of how American families save for college. The survey found that most parents are continuing to save for college despite ...

Mark Kantrowitz
Published May 29, 2009
Grads to Get a Break on Student Loan Payments

Grads to Get a Break on Student Loan Payments

If you're struggling to make your monthly student loan payments on your measly first-job salary, you're not alone. The good news is, the government is taking notice -- and changing the ...

Mark Kantrowitz
Published May 26, 2009
Employer Tuition Assistance

Employer Tuition Assistance

Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, ...

Mark Kantrowitz
Published May 18, 2009
Tuition and Fees Deduction

Tuition and Fees Deduction

The Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction ...

Mark Kantrowitz
Published May 18, 2009
Student Loan Interest Deduction

Student Loan Interest Deduction

Borrowers of federal and private education loans may deduct up to $2,500 in interest as an above-the-line exclusion from income. This deduction may be taken even if the taxpayer does not ...

Mark Kantrowitz
Published May 18, 2009
Lifetime Learning Tax Credit

Lifetime Learning Tax Credit

The Lifetime Learning provides a federal income tax credit of up to $2,000 per taxpayer based on the first $10,000 in postsecondary tuition and fees paid by the taxpayer during the ...

Mark Kantrowitz
Published May 18, 2009
Hope Scholarship Tax Credit

Hope Scholarship Tax Credit

The Hope Scholarship provides a federal income tax credit of up to $2,500 (40% refundable) per student based on the first $4,000 in postsecondary tuition, fees and course materials paid by ...

Mark Kantrowitz
Published May 17, 2009
Complete, Concise Federal Loan Programs Info

Complete, Concise Federal Loan Programs Info

As soon as a student begins their college search process, they meet their biggest adversary: money. Unfortunately, money only complicates things for students searching for the perfect school. Throw in words ...

Published May 15, 2009