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    Are There Any Fees for Filing the FAFSA?

    Is there a fee to complete the FAFSA and if so, how much? — T. Smith There is no fee to file the FAFSA. As the name suggests, the Free Application for Federal Student Aid (FAFSA) is a free application. You can file the FAFSA online for free at www.fafsa.ed.gov. Section 483(a)(6) of the Higher Education Act of 1965 bans the ...
    Published over 3 years ago | Rated: +5
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    Top College Cost Drivers

    The United States is home to the world’s most expensive higher education system. So says the College Board, an educational testing and services group. That probably doesn’t surprise you, especially if you are among those paying or preparing to pay the average of $5,800 a year in tuition to attend a four-year public university. (That figure skyrockets to an average of ...
    Published over 7 years ago | Rated: +5
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    Wells Fargo Adds Death and Disability Discharges to Private Student Loans

    Wells Fargo announced on December 17, 2010 that it is adding death and disability discharges to its private student loan products. When the student borrower dies or becomes totally and permanently disabled, the remaining debt will be discharged. This new policy applies to all Wells Fargo private student loans, including loans with a cosigner. Total and permanent disability is defined as ...
    Published almost 4 years ago | Rated: +5
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    Summary of President Obama's Budget Blueprint for Federal Student Aid

    This article summarizes President Obama's FY2013 budget proposals for the federal student aid programs. Most of these proposals will require Congressional approval before they can be implemented. The combined cost of the President's proposals are in excess of $10 billion per year. Editor's note: This article has been updated to reflect the education appendix to the FY2013 budget, as released on ...
    Published over 2 years ago | Rated: +5
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    Does a Parent's Credit History Affect the Student's Eligibility for Loans and Other Aid?

    My parents have a Federal Direct PLUS Loan they got while I was an undergraduate student several years ago. Due to their current financial hardship, they haven't been keeping up with the payments. I also had some college loans which I am paying regularly without problems. I would like to know if my parents' financial situation will impact my credit, since ...
    Published over 3 years ago | Rated: +5
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    Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

    Borrowers who have had a bankruptcy discharge in the last five years are generally not eligible for the Federal PLUS loan. They remain eligible, however, for Federal Stafford, Federal Perkins and Federal Consolidation loans. Section 428B(a)(1)(A) of the Higher Education Act of 1965 [20 USC 1078-2(a)(1)(A)] specifies that borrowers of a Parent PLUS or Grad PLUS loan may not have an ...
    Published over 2 years ago | Rated: +5
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    Must the Student's Child Live with the Student for the Student to be Independent?

    I'm 23 and have a 4-year-old child. Last year I received independent status for my financial aid because I supported my child more than 51% of his needs. This year the financial aid office asked for the same documents as last year but told me that I couldn't be an independent student because I didn't have enough documented proof. I explained ...
    Published almost 2 years ago | Rated: +5
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    A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

    I gave college a shot when I was 18 and dropped out due to major health problems. Student loans obviously did not disappear because of this and I have been struggling with them ever since. Now at age 24 I finally feel that I am healthy enough to give school a second try. I thought I had every detail worked out ...
    Published about 3 years ago | Rated: +5
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    How Do I Roll Over US Savings Bonds into a 529 College Savings Plan?

    I have several thousands of dollars in Series EE savings bonds (issued from 1988 through 1992). I know that you can use the bonds relatively tax free if cashed and used for qualified educational expenses, which includes contributions to a qualified tuition program such as a 529 college savings plan. If so, what is the process for doing this? — A.J.K. ...
    Published over 2 years ago | Rated: +5
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    Financial Aid Insider Secrets

    Financial aid is a complicated topic with an alphabet soup of acronyms like FAFSA and EFC, rolling deadlines and (seemingly) endless forms, rules and regulations. But with the state of the economy, you're most likely going to have to get some sort of outside help in your pursuit of higher education. Don't panic! This video will provide you with an ...
    Published almost 5 years ago | Rated: +5
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    When should you apply for scholarships and financial aid?

    My son will be applying to colleges this fall since he is a high school senior. Should he wait until he is accepted into a college before applying for scholarships? — Bryan R. Your son should start searching for scholarships as soon as possible. There are scholarships with deadlines in every month of the year (more in the fall and spring ...
    Published about 5 years ago | Rated: +5
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    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 over 3 years ago | Rated: +5
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    Tax Breaks for Student Loans

    Tax Breaks for Student Loans
    Good news! The interest you pay on your student loan might let you pay less on your taxes. Thanks to the Taxpayer Relief Act of 1997, tax time will be a little better for you and other student borrowers. How It Works Depending on your specific loan situation, you may be eligible to deduct some of the interest you pay on ...
    Published about 7 years ago | Rated: +5
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    Why Your Grandparents Could be Your Meal Ticket to College

    Why Your Grandparents Could be Your Meal Ticket to College
    There are many ways in which grandparents can help their grandchildren pay for a college education. These include legacy scholarships and tuition assistance programs, educational awards for volunteering and community service, college savings plans and direct gifts. Scholarships for Grandchildren Very few scholarships are based on a grandparent's affiliations. There are many more awards based on a parent's affiliations. However, sometimes ...
    Published over 5 years ago | Rated: +5
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    How can a Student Pay for College after Losing Student Aid Eligibility due to Unsatisfactory Academic Progress?

    I am not eligible for federal funding at this time because of unsatisfactory academic progress. My appeal was denied and I was told I would again be eligible for federal funding after "the satisfactory completion" of 6 non-federally funded credit hours in an semester. I could easily accomplish this if it weren't for the fact that I don't have the money ...
    Published about 4 years ago | Rated: +5
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    Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

    My wife and I make about $150,000 in combined income. We have probably $350,000 in home equity, $100,000 in rental property equity and $500,000 in retirement accounts. We have three kids in college and a fourth starting in the fall a year from now. We hope to quit our jobs at some point and move to Nicaragua (or another Central American ...
    Published over 2 years ago | Rated: +5
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    What Documentation can a College Financial Aid Administrator Request?

    I'm an independent student who filed a 1040A last year so I was not required to answer questions about assets on the FAFSA application. I had very little income last year and have a zero EFC. I reported taxes on capital gains and now my school is asking for information about my investment assets (which are about $40,000). Can they use ...
    Published almost 2 years ago | Rated: +5
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    Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

    I am 47 and recently divorced single parent of two children, ages 7 and 8. I spent the last 9 years as a stay-at-home parent. As a result of the divorce, I am re-entering the job market. My last position, as a training and development specialist for a bank, earned roughly $45,000. It has been somewhat difficult obtaining full-time employment and ...
    Published over 2 years ago | Rated: +5
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    Questions about the Health Care and Education Reconciliation Act of 2010

    If you have already graduated from college, will you be affected by the new changes to student loans in the health care bill? — Lauren A. No. None of the changes enacted by the Health Care and Education Reconciliation Act of 2010 will affect students who have already graduated. Starting July 1, 2010, all new federal education loans will be made ...
    Published over 4 years ago | Rated: +5
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    The FAFSA - Step One for Financial Aid

    Applying for financial aid is easier than you think. Your first stop: the (FAFSA). For many schools, this is the only form you need. What is it? The FAFSA is the form the federal government uses to determine your eligibility for federal assistance (loans, grants, work-study appointments and some scholarships). Schools also base their financial aid packages on the FAFSA. And, ...
    Published almost 2 years ago | Rated: +5
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