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  • +21

    Are You a College Drop-Out Risk?

    Are You a College Drop-Out Risk?
    Yep, it happened. Congress couldn't get their act together, so now you’re going to have to pay more. But, before you borrow, make sure it will pay off in the future. What do we mean by this? Investing in your education is a good thing; it’s even often referred to as “good” debt. As long as you get a degree to ...
    Published about 1 year ago | Rated: +21
  • +5

    Impact of Capital Gains on Eligibility for Need-Based Financial Aid

    Families often sell investments such as stocks, bonds and mutual funds to pay college bills. If these investments are not held within a 529 college savings plan or other qualified tuition plan, however, the capital gains from selling the investments can hurt the student's eligibility for need-based financial aid. Capital gains occur when you sell an asset that has appreciated in ...
    Published about 3 years ago | Rated: +5
  • +7

    How Will the Election Results Affect Student Financial Aid?

    President Obama was reelected on November 6, 2012, but control of Congress remains split. Republicans retained control of the House and Democrats retained control of the Senate. The Democrats may have gained two seats in the Senate, but they still do not have a supermajority. A supermajority (a three fifths majority) is required in the Senate to end a filibuster by ...
    Published over 1 year ago | Rated: +7
  • +9

    If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

    How beneficial is it to have our college attending son file his taxes on his own versus us claiming him as a dependent? Does it make a huge difference in the amount of aid and/or scholarships he would receive? — Lois H. Whether or not a student is claimed as an exemption on his parents' federal income tax returns has no ...
    Published over 2 years ago | Rated: +9
  • +28

    The “Free” Tuition Experiment

    The “Free” Tuition Experiment
    No matter where you attend college today, costs have skyrocketed, leaving students with the impending doom of student debt for years to come. Meanwhile, public funding for education has been declining to the point of nonexistence, as far as many students are concerned. So, what can be done to combat the issue? It seems as though many are considering the recent ...
    Published about 1 year ago | Rated: +28
  • +12

    Choosing a Student Loan: Public vs. Private

    Choosing a Student Loan: Public vs. Private
    Loans – it’s a pretty loaded word, especially when it comes to higher education financing. Though they all serve the same purpose – helping you pay for school – they can come from a variety of sources. All students are encouraged to file the FAFSA, which will determine eligibility for financial aid. With this form, eligible students have the option to ...
    Published 3 months ago | Rated: +12
  • +11

    Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

    Congress passed the Budget Control Act of 2011 on Tuesday, August 2, 2011, raising the debt ceiling at the last minute. The debt deal cuts some student loan benefits, especially for graduate and professional students, but avoids a more severe cut in government grants for undergraduate students. The Budget Control Act of 2011 passed the US House of Representatives by a ...
    Published almost 3 years ago | Rated: +11
  • +6

    When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

    If a student lives with a grandparent, is there any way the student can use the grandparent's income tax information on her FAFSA? I have lived with my grandmother for all 17 years of my life. My parents currently pay a small amount of child support to her, but that is the only financial support that I receive from them. My ...
    Published almost 3 years ago | Rated: +6
  • +1

    What Income is Listed on the FAFSA when Separated Parents File a Joint Tax Return?

    I am praying that you may be able to advise me on the FAFSA application. I am a senior in high school and will file the FAFSA in January. I live with my mom. My dad moved out almost 2 years ago. As part of my parents' agreement, my dad is paying for our rent and utilities. My mom and dad ...
    Published over 1 year ago | Rated: +1
  • +17

    Debt Worriers

    Debt Worriers
    At this point, it’s old news that student loan rates have doubled. It’s also nothing new to hear that student debt is higher than ever, surpassing $1 trillion. Student loan debt inflicts one out of five Americans over the age of 20; two out of three college seniors (2011). The average amount is nearly $27,000 – not a small amount by ...
    Published about 1 year ago | Rated: +17
  • +32

    9 Ways to Pay Off Student Debt

    9 Ways to Pay Off Student Debt
    Do you feel like you’re drowning in debt? Many students feel like they’re never going to get out of the debt cycle. In fact, according to an annual Project on Student Debt report just released from the Institute for College Access & Success (TICAS), “Seven in 10 college seniors (71%) who graduated last year had student loan debt, with an average ...
    Published 3 months ago | Rated: +32
  • +11

    Dealing with the Debt Deal and Downgrade: Practical Tips for Students and their Families

    Title: Dealing with the Debt Deal and Downgrade: Practical Tips for Students and their Families Standard & Poor's (S&P) downgraded US long-term debt one notch from AAA to AA+ after the stock market closed on Friday, August 5, 2011. This is the first time the United States has lost its AAA rating. The downgrade triggered a panic sell-off when the ...
    Published almost 3 years ago | Rated: +11
  • +11

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners
    Your Facebook profile may cause you to lose a scholarship. It can also help you win a scholarship. According to a recent survey of scholarship-granting organizations, about a quarter of scholarship providers evaluate the online presence of finalists before selecting which students will win scholarships. These scholarship sponsors use web search sites like Google and social media web sites like Facebook, ...
    Published over 2 years ago | Rated: +11
  • +3

    Social Worker with Six Figure Debt Seeks Advice Handling Student Loans

    Help! I am a 24-year-old recent college graduate who is struggling to find full-time employment. I'm currently working full-time hours on a three-month contract that is going to expire at the end of the month. I received my Master's degree in Social Work and do not expect a high starting salary based upon the current market. My student loans from undergrad ...
    Published over 2 years ago | Rated: +3
  • +26

    How America Pays for College

    How America Pays for College
    Sallie Mae, the nation’s number one financial services company specializing in education, in conjunction with Ipsos, has released a new national study, "How America Pays for College 2013." The study’s findings were based on survey results from around 800 undergraduate students, between the ages of 18 and 24 years old and the parents of undergraduate students. According to the study, families ...
    Published about 1 year ago | Rated: +26
  • +18

    Student Loan Rates Increase: the Impact on You

    Student Loan Rates Increase: the Impact on You
    On May 8, it was announced that student loan interest rates for the 2014-15 school year would increase for students borrowing from the federal government. Currently, the rates are fixed at 3.86% for undergraduate subsidized and unsubsidized Stafford loans, but next academic year, they will increase to 4.66%. Graduate and professional students can expect to see a 6.21% interest rate on ...
    Published 3 months ago | Rated: +18
  • +6

    How to Deal with a Defaulted But Paid-Off Student Loan that Reappears

    Years ago, I went to a two-year school and obtained my Associate's degree. I defaulted on the loan. However, my taxes were taken years later (twice) to take care of the loan. In 1995, I enrolled at a different college and was awarded the Pell Grant. I didn't take out any more loans. I paid the difference with a scholarship from ...
    Published over 2 years ago | Rated: +6
  • +6

    When Does Repayment Begin on a Subsidized Loan?

    When does a student have to start paying back a subsidized loan? — A.A. If the loan is a subsidized Stafford loan, repayment begins 6 months after graduating from college or dropping below half-time enrollment status. If the loan is a Perkins loan, repayment begins 9 months after graduating from college or dropping below half-time enrollment status. The 6 or 9 ...
    Published almost 3 years ago | Rated: +6
  • +8

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?
    Only 529 college savings plans that are owned by the student or the student's parents are reported as assets on the Free Application for Federal Student Aid (FAFSA). So a 529 plan owned by a grandparent or other third party will not be reported as an asset on the FAFSA. However, qualified distributions from such a 529 plan are treated as ...
    Published over 2 years ago | Rated: +8
  • +4

    Is There a Better Option for Financing a College Education than a Parent PLUS Loan?

    I have a simple question: Is there currently a better option to help finance my sophomore daughter's college education than a 7.9% PLUS loan? That just seems a bit high given the current economic environment? — Alan S. When considering how to finance a college education, there are many options, including federal education loans, private student loans and non-education loans. It ...
    Published over 1 year ago | Rated: +4
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