Financial Aid >> Browse Articles

Browse Financial Aid Articles

  • +10

    Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

    Senator Al Franken (D-MN) introduced the Understanding the True Cost of College Act (S.3244) on Thursday, May 24, 2012 with bipartisan support. This legislation will standardize college financial aid award letters to help students and parents make informed decisions concerning the tradeoffs between college affordability and college quality. It will also help students and their families make smarter borrowing decisions. Students ...
    Published over 3 years ago | Rated: +10
  • +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 6 years ago | Rated: +10
  • +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 5 years ago | Rated: +10
  • +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 5 years ago | Rated: +10
  • +10

    Best Colleges for Low Income Students

    Best Colleges for Low Income Students
    Many students, whether low-income or not, take a look at the full sticker price of attending certain colleges and find it’s impossible to pay that much. What students may not take into account at that moment is the net price, which means the total cost after merit and financial aid are applied. When net price is figured, some of the most ...
    Published 12 months ago | Rated: +10
  • +9

    What Counts as Child Support on the FAFSA?

    I am very grateful to Fastweb for providing all that you do. I am especially grateful for your answers to questions. I agreed (outside of the courts) to pay my daughter's car payment and some additional spending money for internet access. This increased my costs by $100 per month beyond the child support obligation. Can I exclude this amount from the ...
    Published over 5 years ago | Rated: +9
  • +9

    Is Your Financial Aid a Victim of the Recession?

    Is Your Financial Aid a Victim of the Recession?
    The stock market’s in a slump. The economy isn't rebounding. Jobs are hard to come by-- and so are student loans. But you’re not sure how — or if— any of it affects you. Chances are it will. And while you may not be feeling the effects of it yet, that’s simply because it hasn’t trickled down yet. When it comes ...
    Published over 6 years ago | Rated: +9
  • +9

    Dad Died, Mom Remarried; Grandma Moved In. How do These Changes Affect My FAFSA?

    We recently had an addition in the family. Not a new sibling, but my mother's mom is now living with us. She's great and we love having her, but she's not free. Should I change any info on my FAFSA because of this? — Sana B. If your grandmother lives with and receives more than half her support from your parents, ...
    Published almost 6 years ago | Rated: +9
  • +9

    Financial Aid for Female Students

    Financial Aid for Female Students
    Female students can find financial aid opportunities that are completely exclusive to them. With the help of these resources, female students can hope to better afford college tuition. For even more funding opportunities, check out scholarships for women. Databases Graduate Fellowship Notebook (Cornell) The fellowship notebook at Cornell contains a large searchable text database of graduate fellowships, including fellowships specifically for ...
    Published 10 days ago | Rated: +9
  • +9

    Financial Aid for Minority Students

    Financial Aid for Minority Students
    Minority students can find various scholarship and financial aid opportunities that are exclusive to their race or ethnicity. These offerings come from schools and universities as well as corporations and charitable organizations. For an even further look at funding opportunities, check out minority scholarships. Databases Minority On-Line Information Service (MOLIS) MOLIS, a service of the Federal Information Exchange (FEDIX), provides information ...
    Published 7 days ago | Rated: +9
  • +9

    Financial Aid for Older and Nontraditional Students

    Financial Aid for Older and Nontraditional Students
    Contrary to popular belief, financial aid isn’t just reserved for first-time college students in their late teens/early twenties. Financial aid is available to older and nontraditional students as well. You just have to know where to look. Also, check out nontraditional, adult and returning student scholarships and internships. Scholarships for Older Students Many scholarship and fellowship programs do not have age ...
    Published 6 days ago | Rated: +9
  • +9

    Financial Aid for Jewish Students

    Financial Aid for Jewish Students
    Jewish students can find financial aid and scholarships that are exclusive to them. These funding opportunities can be found through local synagogues, Jewish affiliated organizations and special scholarships at colleges and universities. For even further help in paying for school, check out scholarships for Jewish students. Jewish Family and Children's Services (JFCS) JFCS offers need-based and merit-based scholarships for Jewish residents ...
    Published 5 days ago | Rated: +9
  • +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 almost 7 years ago | Rated: +9
  • +9

    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 almost 7 years ago | Rated: +9
  • +9

    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 over 5 years ago | Rated: +9
  • +9

    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 8 months ago | Rated: +9
  • +9

    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 8 months ago | Rated: +9
  • +9

    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 almost 6 years ago | Rated: +9
  • +9

    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 over 5 years ago | Rated: +9
  • +9

    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 over 5 years ago | Rated: +9
Join Fastweb for FREE