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  • +7

    FAQs about Financial Aid

    FAQs about Financial Aid
    FAQs about Financial Aid Here are some of the most commonly asked questions about financial aid. Topics: 1. General Questions about Eligibility and Applying 2. FAFSA Questions 3. Home Schooling and Financial Aid 4. Divorce and Financial Aid 5. What is the relationship between bankruptcy and financial aid? 6. Miscellaneous and Unusual Questions General Questions about Eligibility and Applying 1. I ...
    Published almost 5 years ago | Rated: +7
  • +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 4 years ago | Rated: +6
  • +6

    Will Financial Aid Cover a Double Major?

    Will Financial Aid Cover a Double Major?
    Please help me out with a question. I am majoring in finance. I am thinking about pursuing a double-major in finance and real estate. I will have to take only 6 more classes than what I am supposed to take for my finance major. Will my financial aid cover the extra classes? — Jeffrey P. As noted in a previous Ask ...
    Published over 2 years ago | Rated: +6
  • +6

    Why Does a Parent Qualify for More Financial Aid than Her Dependent Student Child When Both are in College?

    I am a 38-year-old wife and mother who decided to go to college 20 years out of high school. I am a student at an online college and receive financial aid myself. My son is a high school senior with a very small part time job at the local Burger King. He plans to attend an out-of-state college, however those plans ...
    Published over 2 years ago | Rated: +6
  • +6

    Which are Better, US Savings Bonds or 529 College Savings Plans?

    We have a son who is going to be in the 10th grade this year. We also have twins who are 3.5 years old. I am trying to understand where to park my savings for elder son and the little ones. I heard if we have 529 plans, they will be included in financial aid calculations and this is not a ...
    Published about 3 years ago | Rated: +6
  • +6

    Which 529 College Savings Plans are Reported on the FAFSA?

    On the FAFSA we listed the value of all three of our children's 529 plan accounts, not just our oldest son's 529 plan. There was no way to differentiate the amounts among the three children. Can we change this and enter only the amount of the oldest son's account since we won't be using the other two children's accounts to pay ...
    Published about 5 years ago | Rated: +6
  • +6

    Financial Aid for a Student Returning to College for Retraining in a New Career

    My wife is looking to go back to school for a new career. But I'm pretty lost as to how to help her with all this financial aid stuff. Can you help me to get started, or at least point me in the right direction? — Skyler G. Most of the answer to the first question in last week's Ask Kantro ...
    Published almost 5 years ago | Rated: +6
  • +6

    How Much Should College Cost?

    Last week, a friend and fellow writer had problems finding a captivating intro to his article. “Write about toothpaste,” I said helpfully. He looked at me. I shrugged, “Hey, everybody’s got teeth.” The fact is, not everyone has teeth. But I think everyone — at some point or another — has money. I have about as much of the sweet stuff ...
    Published about 8 years ago | Rated: +6
  • +6

    Does Consolidating Student Loans Save Money Like a Refinance?

    I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have graduated from college and will soon be starting to pay back my loans. My unsubsidized loans are at 6.8% and subsidized are at 5.5%. I also have many DEAL loans, ...
    Published over 4 years ago | Rated: +6
  • +6

    Is the Pell Grant Reduced When the Student Wins a Private Scholarship?

    My daughter has been approved for a Pell Grant. She recently received notification that she has won a $1,000 scholarship. Will the scholarship reduce her Pell Grant? — Virginia M. The Pell Grant is never reduced when the recipient wins a private scholarship. Some forms of need-based financial aid are reduced when a student wins a scholarship. These include federal campus-based ...
    Published about 3 years ago | Rated: +6
  • +6

    Financial Aid for Veterans and their Dependents

    Financial Aid for Veterans and their Dependents
    This section of FinAid discusses student aid programs for veterans and their dependents. A discussion of the student aid treatment of veterans education benefits and the definition of a veteran for student aid purposes can be found in the Veterans and the FAFSA section of FinAid. U.S. Department of Veterans Affairs Education Benefits The Department of Veterans Affairs provides information on ...
    Published over 6 years ago | Rated: +6
  • +6

    PLUS Loans for Grad Students

    PLUS Loans for Grad Students
    Graduate and professional students can borrow money for school through the PLUS Loan Program. Qualifying students who are enrolled at least half time can take out a loan for up to the cost of attendance, minus the amount of other forms of financial aid. You must file a FAFSA and accept all Stafford Loans you are offered before applying for the ...
    Published over 6 years ago | Rated: +6
  • +6

    New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

    The President's budget for fiscal year 2014, which was released on April 10, 2013, includes a proposal for switching new federal student loans to a hybrid fixed/variable interest rate scheme starting July 1, 2013. A similar proposal was introduced the day before by several Republican Senators as the Comprehensive Student Loan Protection Act (S.682). Subsidized Stafford Loan Rate May Double Currently, ...
    Published over 2 years ago | Rated: +6
  • +6

    Does Adoption Affect an Orphan's Eligibility for Financial Aid?

    I am trying to advise two students whose mother died four years ago and their father died last week, unfortunately. The girls' grandmother is now taking care of them (a 9th and 10th grader) and we are concerned about the possible college financial ramifications. They are in the process of determining the Social Security benefits from their father's contributions. Once that ...
    Published over 2 years ago | Rated: +6
  • +6

    Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?

    Are you familiar with any programs that could assist a low-income social worker who has used up his hardship deferments? Any assistance would be appreciated. I'm in a low-paying county, being paid a low income to assist disabled persons, and need help with my student loans. — Dave W. If your loans are federal student loans, such as Federal Stafford or ...
    Published about 4 years ago | Rated: +6
  • +6

    Can a Student Receive a Pell Grant for a Second College Degree?

    I am a 25-year-old woman looking to go back to school for a second degree in a different field of study than my original degree. I am married to an enlisted sailor and currently unemployed. For my first degree I did not fill out the FAFSA and therefore I did not receive any federal aid in the form of grants or ...
    Published almost 3 years ago | Rated: +6
  • +6

    What Do You Do When Income or an Asset Isn't Really Your Money?

    I am a disabled parent who hasn't worked since 2007. I am currently on long term disability and have been ruled disabled by the Social Security Administration. My child is heading off to college in the fall and we are working on his FAFSA. My Social Security came through in late November in a large lump sum due to back dating. ...
    Published over 3 years ago | Rated: +6
  • +6

    How Does Income Tax Filing Status Affect Student Aid?

    My married parents want to file their income tax returns as married filing separately. If the parent with the lower income claims me as a dependent, does that mean that I will receive more financial aid than I would if the other parent (with higher income) claimed me as a dependent? — Ilya S. Although you indicated that your parents are ...
    Published over 5 years ago | Rated: +6
  • +6

    Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

    The National Association of Consumer Bankruptcy Attorneys (NACBA) held a press conference on Tuesday, February 7, 2012 during which they called on Congress to allow federal and private student loans to be discharged in bankruptcy, to restore a reasonable statute of limitations on student loan collections and to improve oversight of private collection agencies. NACBA also released the results of a ...
    Published over 3 years ago | Rated: +6
  • +6

    Facing the Prospect of High Student Loan Debt at a Prestigious College

    I graduated from high school with honors in June and have been accepted to a prestigious private college, where I will be majoring in computer science and math. The college awarded me $31,000 in grants and scholarships, but I still need to come up with $20,000. I applied for a student loan with each of my parents and was declined, both ...
    Published about 4 years ago | Rated: +6
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