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  • +9

    Defaulting on Student Loans

    Missing payments on your student loan has serious consequences. If you're making monthly payments and you're 270 days delinquent, or 330 days delinquent if you pay less often than monthly, then you are in default. Your Borrowing Responsibilities It's important to read the fine print when you borrow money for school. Unless you're granted loan deferment, forbearance or forgiveness, you must ...
    Published over 6 years ago | Rated: +9
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    How to Pay for Grad School

    How to Pay for Grad School
    Earning a graduate degree can be a smart idea, but how do you find the funding to pay for an expensive advanced degree? There are ways to earn a graduate degree without ending up with a lot of debt. Figure Out How Much Money You'll Need First, figure out the expenses associated with getting a degree. Don't just focus on tuition ...
    Published over 6 years ago | Rated: +9
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    Short Answers to A Few Common FAFSA Questions

    Does checking the Federal Work Study box on the FAFSA affect other forms of financial aid that a college might award, such as scholarships or other government aid? Is it wise to check this box even if you have not yet received a college's financial aid offer? — S. Z. Turning down one form of need-based financial aid generally does not ...
    Published about 5 years ago | Rated: +9
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    What's the FAFSA? And Why You Should Care

    What's the FAFSA? And Why You Should Care
    You must submit the Free Application for Federal Student Aid (FAFSA) if you want to apply for federal and state financial aid. Many colleges and universities, especially public institutions, also require the FAFSA. You must submit the FAFSA every year that you want aid. Obtaining a FAFSA The FAFSA is available in several formats, including online, PDF and paper versions. The ...
    Published 3 months ago | Rated: +9
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    Get Help Completing the FAFSA: Resources for You

    Get Help Completing the FAFSA: Resources for You
    The FAFSA is a lengthy form, and somewhat complicated. Be sure to read the instructions before completing the form. Most questions about the FAFSA can be answered just by reading the instructions carefully. You will need the Title IV Institution Code for each school to which you are applying in order to complete the FAFSA. You can get this code from ...
    Published 3 months ago | Rated: +9
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    Questions about Maintaining and Regaining Eligibility for Federal Education Loans

    I have a sophomore in college right now and will have another child starting her freshman year in college next year. We were approved for a Stafford Loan and a Parent PLUS loan for our son this year. We will need to have student loans to finance the entire amount of both kids' education. Will we be able to continue to ...
    Published over 5 years ago | Rated: +9
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    College Board Simplifies CSS/Financial Aid PROFILE Form

    College Board Simplifies CSS/Financial Aid PROFILE Form
    While the US Department of Education is working on simplifying the Free Application for Federal Student Aid (FAFSA), the College Board has already been taking similar steps toward simplifying the CSS/Financial Aid PROFILE form. The CSS/Financial Aid PROFILE form tries to calculate a more precise measurement of ability to pay. This necessarily involves asking more questions than on the FAFSA. However, ...
    Published about 5 years ago | Rated: +9
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    How to Report Stocks on the FAFSA

    I am a single mom and my son will be entering his freshman year in college this fall. The FAFSA application asks for the gross income from last year's tax return. My W-2 total includes not only my salary but also stock grants that were given to me by my employer. This total in no way reflects the amount I lived ...
    Published about 5 years ago | Rated: +9
  • +9

    Financial Aid without Filing the FAFSA?

    Financial Aid without Filing the FAFSA?
    I tried to apply for federal student aid last year, and was told that I needed to include my parents tax information to receive aid. I've been living on my own since I was 17, claim myself on my taxes, and support myself with the help of my fiance. I can't afford to go to school without financial aid, and my ...
    Published 3 months ago | Rated: +9
  • +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 about 3 years ago | Rated: +9
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    Answers to Common FAFSA Questions about PINs and Household Size

    Answers to Common FAFSA Questions about PINs and Household Size
    My sister is in college and she applied for financial aid so my dad already has a pin. Should I create a new pin or use the same one? — Perla C. A PIN is used to sign the Free Application for Federal Student Aid (FAFSA) electronically. Each person signing the form must have their own PIN. Your father can use ...
    Published 3 months ago | Rated: +9
  • +9

    Pay Down Mortgage or Contribute to Son's 529?

    I just sold my house and moved in with my new husband. We have three children between us (two are his) and are looking for a bigger house. Would it make sense to save the $30,000 from the house sale in my son's 529 college savings plan account (he is 13 now), or use this money to buy a house and ...
    Published over 5 years ago | Rated: +9
  • +9

    Completing the FAFSA When the Student's Parents Have a Legal Separation

    My parents aren't divorced but are legally separated and have been for about ten years. My mother is unable to remember where the papers for their separation are. I was wondering if I have to put my father's information on the FAFSA even though my mother is my primary care-giver. (I spend all 365 days a year with her.) I don't ...
    Published over 3 years ago | Rated: +9
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    Reporting Prepaid Tuition Plans and 529 Plans on the FAFSA for Independent Students

    I'm confused as to how to treat a prepaid tuition plan when applying for financial aid. I'm an independent student but I have a small prepaid tuition account which is held by a parent as account owner with me as the beneficiary. Since I don't list parent assets when filling out the FAFSA, do I need to list the prepaid tuition ...
    Published almost 5 years ago | Rated: +9
  • +9

    Questions about Assets and the Free Application for Federal Student Aid (FAFSA)

    There are many college financial planners in my area who claim to be able to help us "legally and ethically" reposition our assets to lower our expected family contribution (EFC) and save us thousands of dollars per year in college costs. Are there really such secrets out there that will help us that much? — Larry C. Less than 4% of ...
    Published over 5 years ago | Rated: +9
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    7 Resources for Returning Students Paying for College

    7 Resources for Returning Students Paying for College
    As a returning student, you may feel that the scholarship search will be fruitless, financial aid will be nonexistent and that there are more inconveniences rather than benefits to going back to school. But that’s not the case at all. In fact, there are more than a few resources at your disposal to help you pay for school too. Independent Student ...
    Published 8 months ago | Rated: +9
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    Free Money for College Savings

    There are a variety of national, state and local programs that encourage families to save for college by providing families with free money. There are two main types of such programs: 1. Birthday Present. Such programs provide contributions of $100 to $1,000 as seed money in the college savings plan when the parents open a new 529 college savings plan before ...
    Published about 4 years ago | Rated: +9
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    Questions about How to Handle an Inheritance and Scholarships for Cancer Survivors

    Our son is a sophomore in college. He receives both subsidized and unsubsidized loans. My husband and I have been paying the remaining balance for his education. I recently inherited approximately $100,000. I am aware that we should pay off high interest debt with this money. However, we want to save enough to pay for the rest of his college education ...
    Published over 4 years ago | Rated: +9
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    How Do I Transfer Financial Aid from One College to Another?

    If I change schools, how do I edit my FAFSA so the money goes to my new school? And about how long would it take for the money to transfer schools? — Q.T. Student financial aid does not directly transfer between colleges. Instead, the new college will recalculate your eligibility from scratch based on the information on your FAFSA and the ...
    Published about 4 years ago | Rated: +9
  • +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 2 years ago | Rated: +8
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