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  • +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 almost 5 years ago | Rated: +7
  • +8

    How to Pay for College After a Recent Bankruptcy Discharge

    My daughter will be starting college in the fall (hopefully). The full cost for each year is approximately $50,000. She received a scholarship for $35,000 and she has enough saved for books ($1,000), leaving her needing $14,000. When we filled out the FAFSA it said her family contribution would be too high. Unfortunately my husband and I filed for bankruptcy in ...
    Published over 2 years ago | Rated: +8
  • +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 about 2 years ago | Rated: +2
  • +17

    Can E-Books Make Textbooks More Affordable?

    Can E-Books Make Textbooks More Affordable?
    Ebook readers work well for pleasure reading, but need some improvements in usability before they will be able to replace textbooks on a widespread basis. The potential cost-savings are more limited than most people expect. I am an early adopter of technology and gadgetry. I purchased two Sony PRS-500 Readers when they first became available: one for my wife and one ...
    Published about 5 years ago | Rated: +17
  • +24

    10 Easy-to-Make, Easy-to-Avoid Financial Aid Blunders

    10 Easy-to-Make, Easy-to-Avoid Financial Aid Blunders
    Filling out financial aid forms is challenging and a task, to say the least. But don’t rush the process – any mistakes can cause serious delays in the process or, worse, disqualify you all together. Though these seem like common sense-covered areas, the following are errors that students frequently make when filling out financial aid forms. Before submitting any financial aid ...
    Published 10 months ago | Rated: +24
  • +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 over 4 years ago | Rated: +6
  • +20

    College Credit Cards Cut by Credit CARD Act

    College Credit Cards Cut by Credit CARD Act
    Need a credit card? It will soon become a lot more difficult to get one. College students who want a credit card but are under age 21 will need to have a cosigner, such as a parent or other adult who is at least 21 years old. College students can also get a credit card without a cosigner if they can ...
    Published almost 5 years ago | Rated: +20
  • +4

    Does Home Equity Affect Eligibility for Financial Aid? What If You Sell the Family Home?

    Ask Kantro: Does Home Equity Affect Eligibility for Financial Aid? What If You Sell the Family Home? Is home equity considered an asset when determining eligibility for aid? — Steve The net home equity of the family's principal place of residence (the family home) is not reported as an asset on the Free Application for Federal Student Aid (FAFSA). However, ...
    Published over 3 years ago | Rated: +4
  • +8

    Evaluating Financial Aid Consultants

    Without a doubt, figuring out how to pay for college can be a pretty stressful experience. You might be considering a financial aid consultant to help you through the college cost maze. Financial aid consultants provide advice and services to make the financial aid process a little easier. But before you choose a consultant, there are some things you should consider. ...
    Published over 6 years ago | Rated: +8
  • +19

    Bridge the Financial Aid Gap

    For many college-bound students the anticipation of higher education is overshadowed by financial anxieties. With tuition rising faster than financial aid dollars, more students are finding gaps in their financial aid packages. The gap appears when the student's expected family contribution (EFC) plus the school's financial aid package don't equal the cost of attendance. This gap appears as unmet need on ...
    Published over 6 years ago | Rated: +19
  • +17

    How to Include Yourself on Your Teen's FAFSA if You're Enrolled Too

    How should a FAFSA be filled out if I have two children going to college and I am enrolling in a graduate program? When it asks how many are attending college it says do not include parents. How do they know that I am also attending college? — Vicki Y. I am a single parent in college and my daughter is ...
    Published almost 5 years ago | Rated: +17
  • +20

    Money Saving New Year's Resolutions

    Money Saving New Year's Resolutions
    It's 2014 - the year of the horse has arrived! In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it! Here are some suggestions of resolutions you can take on ...
    Published 12 months ago | Rated: +20
  • +17

    Student Loan Rates Increase: the Impact on You

    Student Loan Rates Increase: the Impact on You
    On May 8, it was announced that student loan interest rates for the 2014-15 school year would increase for students borrowing from the federal government. Currently, the rates are fixed at 3.86% for undergraduate subsidized and unsubsidized Stafford loans, but next academic year, they will increase to 4.66%. Graduate and professional students can expect to see a 6.21% interest rate on ...
    Published 7 months ago | Rated: +17
  • +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 almost 5 years ago | Rated: +10
  • -17

    Let Your Friends and Family Pay Your Tuition with a Peer-to-Peer Education Loan

    Let Your Friends and Family Pay Your Tuition with a Peer-to-Peer Education Loan
    Your parents are broke but not broke enough for you to qualify for full need. You have no chance of getting a student loan. During your summer vacation, you burned through your savings. Tuition prices just shot up another 7%. And despite receiving several scholarships, you will still owe thousands of dollars for your college education. So what do you do? ...
    Published over 5 years ago | Rated: -17
  • +8

    Year in Review: Ups and Downs for Student Financial Aid in 2011

    2011 was an eventful year for student financial aid, student loans and scholarships. This article summarizes the major events, positive and negative, for student aid in 2011. It also provides a few highlights of developments that are anticipated for 2012. The Department of Defense and Full-Year Continuing Appropriations Act, 2011 (P.L. 112-10, April 15, 2011) ended the year-round Pell Grant program ...
    Published almost 3 years ago | Rated: +8
  • +9

    Questions about Assets and the Free Application for Federal Student Aid (FAFSA)

    There are many college financial planners in my area who claim to be able to help us "legally and ethically" reposition our assets to lower our expected family contribution (EFC) and save us thousands of dollars per year in college costs. Are there really such secrets out there that will help us that much? — Larry C. Less than 4% of ...
    Published about 5 years ago | Rated: +9
  • +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 almost 5 years ago | Rated: +9
  • +4

    Does Moving a 529 College Savings Plan into a Roth IRA Make Sense?

    Does it make sense to move our $40,000 529 college savings plan into a Roth IRA for our children who are both in college to shield the money from our asset consideration? We have a gross income of about $100,000 and no debt. They have some merit scholarships, but we have not qualified for need on the FAFSA. — Carolyn W. ...
    Published about 3 years ago | Rated: +4
  • +3

    How the Average Joe Can Pay for School

    How the Average Joe Can Pay for School
    Meet College Joe. He attends a four-year university and is going to graduate in May. Unfortunately, College Joe had to take out a lot of loans to pay for his education. When he graduates, he'll be roughly $21,000 in debt. What's worse is that College Joe has no "real world" job prospects. In fact, he's been hearing from most of his ...
    Published over 5 years ago | Rated: +3
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