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  • +13

    How to Handle a Tuition Hike

    How to Handle a Tuition Hike
    Colleges and universities hit by state and federal funding cuts are shocking students with mid-year tuition hikes. How can students, already squeezed for money, cope with such unexpected sticker shock? Don't Panic Don’t panic, experts say. Students should discuss the situation with their families first, said Seamus Harreys, dean of student financial services at Northeastern University in Boston. “Many families have ...
    Published about 6 years ago | Rated: +13
  • +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 5 years ago | Rated: +9
  • +28

    Changes to the 2011-2012 FAFSA

    Changes to the 2011-2012 FAFSA
    It’s December 1st, which has us thinking about the FAFSA already. The FAFSA stands for Free Application for Federal Student Aid and is made available every January 1st to potential and current college and graduate students. It’s the document that decides your need for student aid—not unlike the way your mother decided your fate when she picked your outfit for third ...
    Published almost 4 years ago | Rated: +28
  • +12

    To Cosign or Not To Cosign, That is the Question

    My nephew has asked me to cosign a private student loan for college. He's on his own since he lives independently from his mother, his parents are divorced, and his father is completely out of the picture. He's made it through 2 years of college with great success. I'd like to help him. I have very good credit. What would be ...
    Published over 4 years ago | Rated: +12
  • +5

    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
  • +4

    Veterans Status for Student Aid Purposes

    Veterans Status for Student Aid Purposes
    Veterans and active duty military personnel are considered automatically independent for federal need analysis purposes. However, the Veterans Administration and the US Department of Education use a different definition of veteran, leading to some confusion. The definition of active duty also excludes active duty for training or attendance at a service school or, in many cases, members of the National Guard ...
    Published over 5 years ago | Rated: +4
  • +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 about 6 years ago | Rated: +9
  • +5

    How are Trust Funds Reported on the FAFSA?

    Each of my parents left me a trust. From each trust I am entitled to the interest income and $5,000 annually. The remainder of the principal stays in the trusts until I die. The trusts then terminate, and the remaining principal is distributed to my son. My son is the one going to college, by the way. This skews my EFC ...
    Published over 4 years ago | Rated: +5
  • +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 3 years ago | Rated: +12
  • +6

    Will the New Rate Cut Affect Your Student Loan?

    The federal government's newest rate cut could have an impact on some student loans. Learn how it could affect your student loans below. Q: How do I know whether this rate cut affects me? A: The rate cut will affect recently-graduated students for whom ALL THREE of the following are true: 1. You're within the six-month grace period following graduation AND ...
    Published over 7 years ago | Rated: +6
  • +21

    FAFSA Updated to Accommodate Same-Sex Parentage

    FAFSA Updated to Accommodate Same-Sex Parentage
    Progression has reached federal student aid as news that the FAFSA form will now recognize parents that are also same-sex couples. Currently, the Free Application for Federal Student Aid referred to “mother/stepmother” and “father/stepfather” in reference to obtaining information about an applicant’s parents. As a result, applicants with same-sex parents had no choice but to either choose to classify parents at ...
    Published over 1 year ago | Rated: +21
  • +4

    Government Report Reviews Private Student Loans and Recommends Statutory Changes

    The Consumer Financial Protection Bureau (CFPB) and the US Department of Education released a report to Congress about private student loans on July 20, 2012 as mandated by section 1077 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203, 7/21/2010). The report discusses the growth and changes in the private student loan marketplace, the use of private student ...
    Published over 2 years ago | Rated: +4
  • +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 4 years ago | Rated: +9
  • +11

    How to Choose the Best Education Loans

    With the new Obama tuition plan do you now have to go through FAFSA to get a loan? Is it better to take a loan out in my child's name or take a parent PLUS loan? — Michelle A. As of July 1, 2010, all federal education loans are now made through the Direct Loan program. This includes federal student loans, ...
    Published over 4 years ago | Rated: +11
  • +1

    What Income is Listed on the FAFSA when Separated Parents File a Joint Tax Return?

    I am praying that you may be able to advise me on the FAFSA application. I am a senior in high school and will file the FAFSA in January. I live with my mom. My dad moved out almost 2 years ago. As part of my parents' agreement, my dad is paying for our rent and utilities. My mom and dad ...
    Published about 2 years ago | Rated: +1
  • +16

    Not All "Need" is Created Equal

    Not All "Need" is Created Equal
    When a college is considering your application, they weigh a variety of factors. One of them can potentially be whether or not you can afford to attend the school. Different schools have different policies when it comes to student need in admissions. The policies also affect whether the school will provide all, or only some, of your demonstrated need. While there ...
    Published over 5 years ago | Rated: +16
  • +27

    Bailout Yourself--Tips for College Savings

    Bailout Yourself--Tips for College Savings
    Even though the bailout bill has been passed, most Americans are still wary of future financial woes. Students are especially worried, seeing as their funding for college is tied up in private loans and may have been affected by the recent sub prime mortgage crisis. Mark Kantrowitz, a leading financial aid expert, has a few tips to help students continue to ...
    Published over 5 years ago | Rated: +27
  • +20

    Student Loan Glossary

    Student Loan Glossary
    To fully understand your student loan options, it helps to understand some basic loan terms. You'll find them scattered throughout loan materials and in conversations with financial aid advisors. Use this glossary to get the terms straight on your loan. Accrued interest: The interest that accumulates on the unpaid balance of a loan. Annual percentage rate (APR): The interest associated with ...
    Published almost 2 years ago | Rated: +20
  • +2

    Should You Prefer Your Preferred Lender List?

    Students whose financial aid packages include loans will receive a preferred lending list with their financial aid package. Most college financial aid office have one. What is a preferred lender list? And, amid news reports of a scandal in which certain lenders did favors for a group of financial aid administrators in return for a pitch, can you trust the list? ...
    Published almost 2 years ago | Rated: +2
  • +7

    Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

    I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ex-husband) as the account owner. My son's Coverdell lists me as the account owner. How do I report my daughter's Coverdell on the FAFSA? The fund will not give me ...
    Published over 4 years ago | Rated: +7
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