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  • +8

    Why Do Some Merit-Based Scholarships Require the FAFSA?

    I am a 38-year-old student who returned to junior college after being laid off and being unable to find a comparable job. Because I was a "good saver" in my 20's, I was able to do this while only working part-time. Approximately 60% of my expenses are paid with my savings. I am ready to transfer into a 4-year institution. However, ...
    Published over 4 years ago | Rated: +8
  • +15

    Student Debt Guide: Saving and Investing Money

    Student Debt Guide: Saving and Investing Money
    Nobody ever said being an adult was easy and knowing how to save and invest properly is not exception to the rule. But, who better to advise you on saving and investing money than Mark Kantrowitz, a nationally recognized finance guru? Here are tips, right from the expert, on how to save and invest like a pro. [gate] • Save for ...
    Published almost 2 years ago | Rated: +15
  • +1

    Student Debt Guide: Types of Loans

    Student Debt Guide: Types of Loans
    Student loans, federal education loans, credit cards, mortgages, home equity...the list goes on and on. It's enough to drive a person mad! From the different types of debt to the different types of loans, this financial information is something any borrowing student should be aware of. Learn to decipher the definitions of debt so that you know what you're getting yourself ...
    Published almost 2 years ago | Rated: +1
  • +6

    To Convert or Not To Convert; How Does a Roth IRA Conversion Affect Student Aid?

    I am retired with no income from employment and a moderate amount of investment income, $20,000 to $30,000 a year. I am contemplating a partial conversion from my traditional IRA to a Roth IRA. Such conversion is included in my adjusted gross income, but is not really spendable income to support my son's education. If I make such a conversion, would ...
    Published almost 3 years ago | Rated: +6
  • +23

    Have You Considered Consolidating?

    Have You Considered Consolidating?
    No matter what type of loan you take out, it comes with its own interest rate. It can seem like a riddle when trying to keep track of your loans and payments. When it comes to loans, consolidation can be a great option. In consolidating your loans, it can become easier to handle because, essentially, your multiple loans will become one ...
    Published about 1 year ago | Rated: +23
  • +12

    Do Twins Get More Aid? If a Student Gets Married, Does the Financial Aid Change?

    My boyfriend and I are afraid that if we marry my annual gross income ($47,000) will prevent him from getting federal grants and loans for college. He has no income at all. He is disabled but was denied disability when he applied. We don't mind waiting if it would be better to wait. — Sarah K. Your fears are justified. When ...
    Published about 4 years ago | Rated: +12
  • +24

    College Choices in a Down Economy

    College Choices in a Down Economy
    Fastweb partnered with Maguire Associates, a firm that specializes in market research, analysis and predictive modeling for colleges and universities, to evaluate the impact of the economy on college choices by high school seniors and their parents. Initial surveys were sent in February and March 2009 to identify the initial selection of colleges. Follow-up surveys were sent in May 2009 to ...
    Published about 5 years ago | Rated: +24
  • +5

    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
  • +20

    Bi-Partisanship in the Name of Debt

    Bi-Partisanship in the Name of Debt
    Let’s start out with a riddle: What’s something the majority students have, but don’t want? Here’s a hint: the answer is as simple and, unfortunately, as American, as apple pie. The answer? Debt. Regardless of race, gender, ethnicity, sexual identity, political party (the list goes on and on), the majority of college graduates now have student debt – 58 percent, according ...
    Published 11 months ago | Rated: +20
  • +6

    Who Completes the FAFSA When a Student Lives with his Grandparents?

    My grandson lives with his grandfather and me. His parents do not support him other than providing medical insurance. He will claim himself on his 2012 income tax and his parents financials are not available to us. How do we handle completing the FAFSA and applying for scholarships, etc.? I am more than willing to provide our information if that is ...
    Published almost 2 years ago | Rated: +6
  • +3

    Will Differences in Parent Assets Due to the Omission Sibling-Owned Custodial 529 Plan Accounts Cause Problems on the FAFSA?

    Since siblings' UTMA 529s don't get reported on the FAFSA, but the student's UTMA 529 is counted as a parent asset, each of my kids would have a different amount listed on the FAFSA as parent assets. The amounts would be vastly different because most of my son's money will have been used by the time my youngest starts college. We'll ...
    Published almost 3 years ago | Rated: +3
  • +14

    Survey Says: Families Perceive College Costs as Increasing by 17% Compared with Last Year

    Sallie Mae and Gallup just released the results of their third annual survey of how American families pay for college. The survey found that families perceived college costs as increasing by more than 17% compared with last year. As a result, families are becoming more cost conscious in their college choices. Family estimates of the total cost of attendance increased 17% ...
    Published about 4 years ago | Rated: +14
  • +7

    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 from the federal government, state governments and most colleges. The financial aid will include a mix of grants, loans and student employment. The terms grants and scholarships are often used ...
    Published over 2 years ago | Rated: +7
  • +5

    Should Borrowers Pay Off Old Student Loans to Qualify for the New 10% Version of Income-Based Repayment?

    I want to qualify for the "pay as you earn plan" 10% income-based repayment plan. I have $80,000 in Direct Loans from 2010-2012. I have a balance of $2,800 on an old student loan from the 1990's. Should I pay off the old balance before a certain date to make sure and qualify for the "pay as you earn plan"? Or ...
    Published almost 3 years ago | Rated: +5
  • +11

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

    Having grown up with depression era parents, I've never been someone that liked to have debt. I'm told that avoiding debt will not work in my favor when applying for financial aid for my son's education. What should I know and is there something I should do to improve my odds of getting what other typically debt-ridden families in our tax ...
    Published almost 5 years ago | Rated: +11
  • +7

    Ask for a Professional Judgment Review for Job Loss or Other Changes in Income

    I lost my teaching job last June and got a half year's salary instead of a full year. I did not get a job in the fall, so our household income was operating on half of my income. My husband's work status is the same, so we are at three-quarters. This year I do not have a job. Is there any ...
    Published almost 4 years ago | Rated: +7
  • +4

    Changes in Store for Student Loan Programs

    Recent changes on popular student loan programs will affect recent college graduates, incoming college freshman and parents too. Interest Rates Up As of July 1, new Stafford loans carry a fixed interest rate of 6.8 percent for the life of the loan. Previously, Stafford loans had a variable interest rate that was adjusted every July and a lower interest rate while ...
    Published over 7 years ago | Rated: +4
  • +10

    Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

    Senator Al Franken (D-MN) introduced the Understanding the True Cost of College Act (S.3244) on Thursday, May 24, 2012 with bipartisan support. This legislation will standardize college financial aid award letters to help students and parents make informed decisions concerning the tradeoffs between college affordability and college quality. It will also help students and their families make smarter borrowing decisions. Students ...
    Published over 2 years ago | Rated: +10
  • +1

    Will Refusing Loans Increase College Grants in the Financial Aid Package?

    I filled out the FAFSA in March and recently received a letter that offered me a $3,500 unsubsidized Stafford loan. I did a little research and found out I would have to pay interest on interest. I'm thinking about declining it and mailing it back to the school I attend. Will I be offered any other financial aid or is this ...
    Published over 4 years ago | Rated: +1
  • +4

    How to Minimize the Impact of a Student's Brokerage Account on Financial Aid

    We have an UTMA mutual fund for our son who is a senior in high school (17 years old). It is approximately $19,000 and was intended to help pay for college costs. When we opened it we weren't aware of the impact it could have on financial aid. I realize it's too late to fix anything for his freshman year next ...
    Published almost 2 years ago | Rated: +4
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