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  • +12

    Beyond Sticker Shock - Extracurricular College Costs

    You've probably already calculated tuition bills and costs for room and board. Yet the hidden costs of college — from pizza to airfare, from library fines to laundry money — can easily add up to another $2,000 per year. To get a handle on those extras, you'll want to put together a monthly budget that estimates your costs. Be sure to ...
    Published about 7 years ago | Rated: +12
  • +10

    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 itemize. Amount of the Deduction You can deduct up to $2,500 in interest on a qualified education loan. The deduction is taken as an adjustment to income, so you can ...
    Published over 5 years ago | Rated: +10
  • +4

    How to Complete the FAFSA when a Parent Didn't File her Federal Income Tax Return

    I have a problem with my FAFSA. My mom didn't file her income tax returns last year. What do I use when I fill out my FAFSA form? — Erica H. There are four common scenarios in which someone might not file a federal income tax return: 1. Not required to file. The taxpayer is not required to file a federal ...
    Published almost 4 years ago | Rated: +4
  • +10

    Clearing Up Confusion. What are Parents Responsible for on FAFSA?

    There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on this topic. The references to "father's/stepfather's" on the FAFSA can be confusing for children of divorced parents. I'm 17 yrs old and I live with my mother and my stepfather. ...
    Published over 4 years ago | Rated: +10
  • +17

    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, books, supplies, and equipment. In certain circumstances payments above $5,250 may also be tax-free. About one-twelfth of undergraduate students and one-fifth of graduate students (two-fifths of MBA students) receive employer ...
    Published over 5 years ago | Rated: +17
  • +10

    How Do You Complete the FAFSA When a Parent is Undocumented?

    I live with my mother and my brothers. My mother is undocumented and does not work. However, I am a permanent resident and my brothers were born here in the United States. We are receiving help from welfare as food stamps and cash for needy families. We are also living in a shelter. My question is: What kind of financial aid ...
    Published about 4 years ago | Rated: +10
  • +14

    The Elephant in the Room

    The Elephant in the Room
    Students, you and your parents are so focused on the standard college questions – what school, what degree, how to pay for it – that you overlook the elephant in the room. An Elephant in the room? Yes, the educational Elephant who can cost you and your families thousands of dollars, unnecessarily. Here’s where the elephant raises his costly tusks. You ...
    Published about 5 years ago | Rated: +14
  • +8

    When must a Non-Custodial Parent Count a Child in Household Size?

    I am remarried and my husband pays child support for his two children that live with their mother. They pass the support test. Do we include his children in our household size as well as report the amount he pays for child support for them? If it's only one or the other, which is more financial beneficial from a FAFSA standpoint? ...
    Published over 1 year ago | Rated: +8
  • +8

    How to Pay for College After a Recent Bankruptcy Discharge

    My daughter will be starting college in the fall (hopefully). The full cost for each year is approximately $50,000. She received a scholarship for $35,000 and she has enough saved for books ($1,000), leaving her needing $14,000. When we filled out the FAFSA it said her family contribution would be too high. Unfortunately my husband and I filed for bankruptcy in ...
    Published about 2 years ago | Rated: +8
  • +6

    New Husband Refuses to Help with College Costs

    I have been a single mother raising twin daughters pretty much all their life but recently (2 years ago) remarried a fairly successful man who has from day one said he will not contribute to their education. He provides absolutely NO support for the girls, I pay their tuition and everything else they need all on my own. My daughters are ...
    Published almost 3 years ago | Rated: +6
  • +8

    How Do I Fix an Non-Qualified Distribution from a College Savings Plan?

    I had a CollegeSure CD for my son who started college last fall. After the CD matured in August, I cashed it out and put the money in a savings account thinking I had to do that. He didn't have enough college expenses for the first semester to equal the gross distribution, so now I think we're in a terrible tax ...
    Published over 3 years ago | Rated: +8
  • +5

    How Does a Pending Foreclosure or Short Sale Affect Financial Aid?

    How do we answer the question "Do you own your home" on financial aid forms when we are in pre-foreclosure? We are not yet in active foreclosure, but are several years in arrears on our mortgage as we are significantly underwater on our loans and have been unsuccessful so far in getting a satisfactory modification. To that end, we just retained ...
    Published over 1 year ago | Rated: +5
  • +7

    Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

    I will begin to pay back my student loans in January. My loan debt is about $134,000 and I'm going to pay it back via income-based repayment (IBR). My husband also has student loan debt and is currently in repayment but not through IBR. I understand that if we continue to file our tax returns under Married Filing Jointly status my ...
    Published about 2 years ago | Rated: +7
  • +4

    Answers to Common Questions about Dependency Status and Financial Aid

    Will my daughter's chances for receiving financial aid be higher if we don't claim her on our taxes? Household income is about $85,000 and she did not qualify for financial aid through the FAFSA. She is in a community college and is 20 years old. She recently moved out of our home but we are paying her college tuition. She has ...
    Published almost 3 years ago | Rated: +4
  • +8

    Conflicting Information about Trends in Net College Costs

    A report released today by The Center for College Affordability and Productivity (CCAP), discusses trends in net tuition and net price at US colleges and universities. Net Tuition and Net Price Trends in the United States: 2000-2009 reports that "At four year colleges, net tuition has increased by around one thousand dollars over a time period when per capita income has ...
    Published almost 3 years ago | Rated: +8
  • +12

    Impact of a Government Shutdown on Student Financial Aid

    Impact of a Government Shutdown on Student Financial Aid
    If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published over 3 years ago | Rated: +12
  • +11

    Congress Passes One-Year Interest Rate Freeze

    Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with strong bipartisan support, keeps the interest rate at 3.4 percent for new loans in 2012-13, instead of allowing it to revert to 6.8 percent. The Student Loan Interest Rate Extension ...
    Published about 2 years ago | Rated: +11
  • +19

    Avoiding the Average...

    Avoiding the Average...
    ...When It Comes to Your Student Debt So, what’s the deal with debt these days? Well, a lot actually. And, unfortunately, it’s not good news. According to a recent report released by the Institute for College Access & Success’ Project on Student Debt, which also appeared on CNNMoney, the average debt for a student in the class of 2012 was $29,400. ...
    Published 9 months ago | Rated: +19
  • +7

    Vietnam Era Veteran Needs Help Paying for Graduate School

    I will soon be 60 and have returned to school to get a Master's degree in Psychology as I could not get a job here with a BA and compete with younger people. I have used up my GI bill (Vietnam era Navy vet), received a loan for money for school, but have to live off of that as well as ...
    Published about 2 years ago | Rated: +7
  • +19

    How to Evaluate Financial Aid Award Letters with Missing Tuition and Grant Information

    We have a dilemma here. My son has been accepted by five colleges: four public colleges and one private college. The private school is the only one that is showing us the "sticker price." The rest, while they have sent aid packages, are not firm on what their fees are for the upcoming fall semester or academic year. The deadline to ...
    Published over 3 years ago | Rated: +19
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