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Will the New Rate Cut Affect Your Student Loan?

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 ...

By Chris Diehl
Published June 8, 2007
Guidelines for Financial Freedom

Guidelines for Financial Freedom

When you’re a student trying to pay for school, one of the greatest challenges can be managing your finances in the best way possible.

Elizabeth Hoyt
Published August 14, 2013
Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

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 ...

Mark Kantrowitz
Published February 16, 2012
What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

As a guidance counselor, I have many families asking me if there's any downside to taking out a federal unsubsidized loan. They need loan money either way and the rates for ...

Mark Kantrowitz
Published April 23, 2012
3 Tips to Appeal Financial Aid Packages

3 Tips to Appeal Financial Aid Packages

Learn the steps you can take to appeal a financial aid package.

By Kathryn Knight Randolph
Published March 5, 2016
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 ...

By Kathryn Knight Randolph
Published May 12, 2014
Should You Prefer Your Preferred Lender List?

Should You Prefer Your Preferred Lender List?

Get the lowdown on preferred lender lists.

By Sandra Guy
Published May 16, 2016
Evaluating Financial Aid Consultants

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 ...

By Roxana Hadad
Published September 4, 2008
Does Parental Support Affect Independent Student Status?

Does Parental Support Affect Independent Student Status?

I am 19 and have a baby (1 month old) and I am living with my boyfriend and his mother. I am confused about whose tax information to use on the ...

Mark Kantrowitz
Published February 4, 2013
Can a Student Receive Both Need-Based Grants and Merit-Based Scholarships?

Can a Student Receive Both Need-Based Grants and Merit-Based Scholarships?

If a child does receive FAFSA can they still receive scholarships and grants? — Y.P. The Free Application for Federal Student Aid (FAFSA) is used to apply for need-based financial aid ...

Mark Kantrowitz
Published May 14, 2012
What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

I am 26 years old and would like to go back to college. I have $12,000 in student loans which are currently in administrative wage garnishment. I make $27,000 a year ...

Mark Kantrowitz
Published August 30, 2010
Financial Aid for Older and Nontraditional Students

Financial Aid for Older and Nontraditional Students

Check out financial aid options for older, nontraditional and returning students.

Published August 25, 2015
Year in Review: Ups and Downs for Student Financial Aid in 2011

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 ...

Mark Kantrowitz
Published January 5, 2012
Must a Trust Fund be Reported on the FAFSA Even If Access to the Trust is Restricted?

Must a Trust Fund be Reported on the FAFSA Even If Access to the Trust is Restricted?

I have a friend whose mother passed away two years ago, and left her some money from an insurance policy. The money is currently in trust for her with her grandmother ...

Mark Kantrowitz
Published October 15, 2012
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 ...

By Kathryn Knight
Published March 23, 2009
Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such ...

Mark Kantrowitz
Published May 30, 2011
Financial Aid for Veterans and their Dependents

Financial Aid for Veterans and their Dependents

If you or your parent is a veteran, there are programs that can help put you through school.

Published April 21, 2009
Not All "Need" is Created Equal

Not All "Need" is Created Equal

Your opinion of "broke" may not be the same as your college's financial aid office's.

By Ryan Uricks
Published April 21, 2009
Is tuition refund insurance worthwhile?

Is tuition refund insurance worthwhile?

College is a big investment, as expensive as buying an automobile or a house. You insure your car and your home, why not insure your child's college education? Tuition refund insurance ...

Mark Kantrowitz
Published July 31, 2009
New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

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 ...

Mark Kantrowitz
Published April 12, 2013