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Browse Financial Aid Articles

  • +13

    If I Stop Paying My Student Loans, Will the Default Yield a Reasonable Settlement?

    I would like to know what will happen if I stop paying my student loans. I have never been unemployed and don't plan to be, but my loan payments are over $700 a month and that is unreasonable (that's over half of my monthly salary). I have tried three different jobs since graduating in the hopes of making more money, but ...
    Published almost 4 years ago | Rated: +13
  • +13

    Graduate Grants: Writing a Successful Proposal

    Graduate Grants: Writing a Successful Proposal
    You've found the perfect grant for your graduate program. Now you need to convince the grant or fellowship committee that you're the one to fund. More Than a Scholarship Application A grant proposal is a unique document. You have more freedom than you do when writing a scholarship application - and you have to do more planning as well. And even ...
    Published over 6 years ago | Rated: +13
  • +26

    The Best Schools for Financial Aid

    The Best Schools for Financial Aid
    You know that most schools offer financial aid assistance to students who need it, but have you ever wondered if some colleges offer more than others? Some do. These schools prove that it is possible to make educational funding readily available to their students. Here are the country’s top ten colleges for students looking for financial aid, according to The Princeton ...
    Published almost 2 years ago | Rated: +26
  • +11

    Top Strategies for Maximizing Aid Eligibility

    Top Strategies for Maximizing Aid Eligibility
    These strategies will have the largest impact on need-based aid eligibility. By implementing these strategies, you will be able to maximize your aid eligibility and therefore have a chance of receiving more financial aid. None of these strategies are guaranteed, but they do offer the best chance. 1. Save money in the parent's name, not the child's name. Or use a ...
    Published over 1 year ago | Rated: +11
  • +3

    Confusion about Reporting Custodial 529 College Savings Plan Accounts on the FAFSA

    My daughter is a freshman (in college) and lives more than 50% of the time with her mother who is the custodial parent. Her mom and I have been divorced for the last 10 years. I personally had an UGMA account set up for my daughter years ago. But two years ago I converted my daughter's $25,000 UGMA account to a ...
    Published over 2 years ago | Rated: +3
  • +38

    A Paying for School Checklist

    A Paying for School Checklist
    When you’re looking to pay for school, lining up funding can become confusing. You may win an award, already have some loans or aren't sure which loans are the best choice.That's okay - quite frankly, it is confusing. Which is why Fastweb is here to help you! For starters, make sure you evaluate all of your options before you borrow. Also, ...
    Published 6 months ago | Rated: +38
  • +12

    Should I Work My Way Through College or Quit My Job to Enroll Full-Time?

    I am 26 and looking to start attending school full time this fall. I am also taking some summer classes at a community college to get all the credits I can before starting. I am also a transfer student with 37 credits from another school I went to right out of high school. I am currently married and am considering quitting ...
    Published over 4 years ago | Rated: +12
  • Rate

    Reporting of Untaxed Social Security Benefits on the FAFSA and the Impact of IRS Filing Extensions on FAFSA Verification

    I am a college student with a severe congenital physical disability. If I apply for and am granted SSI benefits, will receiving these benefits cause my family's EFC to increase? I am not employed and am a full-time student, living in my parents' home. Would we end up paying more for my college expenses if I were to receive SSI benefits? ...
    Published about 5 years ago | Rate This
  • +10

    Five Surprising Financial Aid Facts

    Think you know financial aid? These five facts might surprise you. 1. Most students receive financial aid. If you’re not going to bother applying for scholarships because you think no one ever wins, you’re wrong. Two-thirds of full-time undergraduate students receive financial aid in the form of grants or scholarships, according to the College Board. The cost of college is rising, ...
    Published almost 7 years ago | Rated: +10
  • +13

    Impact of a Government Shutdown on Student Financial Aid

    Impact of a Government Shutdown on Student Financial Aid
    If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published over 4 years ago | Rated: +13
  • +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 about 6 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 almost 5 years ago | Rated: +10
  • +23

    Hidden College Costs

    Hidden College Costs
    You've calculated tuition costs, figured in room, board and books. You've even checked out scholarships and grants, filled out the FAFSA and budgeted for day-to-day expenses like groceries and laundry money. You've covered all your financial bases. Yet even with careful planning, you may encounter college costs that take you by surprise. These costs crop up in the form of "miscellaneous ...
    Published about 6 years ago | Rated: +23
  • +28

    Managing Your Research Grant

    Managing Your Research Grant
    Winning the grant you've worked so hard to achieve is one thing. Taking steps to ensure the award will be one of many is something completely different. Get to Know Your Grant Sometimes the greatest challenge is figuring out how you are allowed to spend "your" money. A lot of expenses you expect to be covered could be restricted. For example, ...
    Published over 6 years ago | Rated: +28
  • +5

    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 about 8 years ago | Rated: +5
  • +22

    Why the FAFSA May Soon be Extinct

    Why the FAFSA May Soon be Extinct
    With President Barack Obama's inauguration, many people are looking forward to the changes he promised during his campaign in 2008. He set specific goals in evolving the college application and attendance process. One specific plan is the American Opportunity Tax Grant. Another is the elimination of the FAFSA. President Obama and Vice President Biden hope to streamline the process of applying ...
    Published over 6 years ago | Rated: +22
  • +21

    Is college worth the cost?

    Is college worth the cost?
    Some people have argued that the high cost of a college education is a bubble waiting to burst. They draw superficial comparisons with the housing market, pointing out the high cost, heavy financing with no down payment, federal subsidies and tax deductible interest. But unlike a house, a college degree is an asset that enables the production of income. In a ...
    Published almost 6 years ago | Rated: +21
  • +4

    Quick Tips for Filing Your FAFSA

    Quick Tips for Filing Your FAFSA
    Filling out the FAFSA can be tricky. Keep these tips in mind and you shouldn't have any problems. Identify Yourself • Use your legal name as it appears on your Social Security card. Nicknames or aliases will cause a processing delay. • Read the questions carefully. The words "you" and "your" on the FAFSA always refer to the student, not the ...
    Published 6 months ago | Rated: +4
  • +23

    Over $2.9 Billion in Free College Money Unclaimed by Students – Why?

    Over $2.9 Billion in Free College Money Unclaimed by Students – Why?
    According to a recent study* by NerdScholar, the higher education team at NerdWallet, high school graduates in the U.S. left more than $2.9 billion in free federal grant money unused over the last academic year. Sounds crazy, right? Crazy but true. How is that even possible? Well, according to the study, their only mistake was not completing the FAFSA. If you’ve ...
    Published 6 months ago | Rated: +23
  • +18

    Prepare to Pay Even More for School

    Prepare to Pay Even More for School
    Student Loan Interest Rates Set to Skyrocket for 7 Million Students & Counting If Congressional action isn't taken, the interest rates on government subsidized student loans will double to 6.8 percent on July 1st of this year. This change will affect one third of undergraduate students who are receiving Federal Direct Stafford Loans. The high interest rates aren't news to undergraduates ...
    Published about 2 years ago | Rated: +18
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