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  • +10

    Questions about Obtaining and Repaying Student Loans

    How will my credit score effect my ability to get the funding I need for graduate school? If my credit is not great, will I be able to get the loans I need to cover my college costs? — Katy C. The federal Stafford loan does not depend on your credit history. As a graduate student you will be able to ...
    Published over 5 years ago | Rated: +10
  • +8

    Conflicting Information about Trends in Net College Costs

    A report released today by The Center for College Affordability and Productivity (CCAP), discusses trends in net tuition and net price at US colleges and universities. Net Tuition and Net Price Trends in the United States: 2000-2009 reports that "At four year colleges, net tuition has increased by around one thousand dollars over a time period when per capita income has ...
    Published about 3 years ago | Rated: +8
  • +7

    Does Cash from the Sale of the Family Home Count as an Asset on the FAFSA?

    We just sold our house and have not yet found our new house and have a lot of cash on hand. We will use the cash to buy a home in the next couple of months. The cash is a false representation of our savings, but since we don't have a mortgage, it looks like we do. We need to keep ...
    Published almost 2 years ago | Rated: +7
  • +5

    What Documentation can a College Financial Aid Administrator Request?

    I'm an independent student who filed a 1040A last year so I was not required to answer questions about assets on the FAFSA application. I had very little income last year and have a zero EFC. I reported taxes on capital gains and now my school is asking for information about my investment assets (which are about $40,000). Can they use ...
    Published about 2 years ago | Rated: +5
  • +5

    A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

    I gave college a shot when I was 18 and dropped out due to major health problems. Student loans obviously did not disappear because of this and I have been struggling with them ever since. Now at age 24 I finally feel that I am healthy enough to give school a second try. I thought I had every detail worked out ...
    Published over 3 years ago | Rated: +5
  • +5

    Impact of Capital Gains on Eligibility for Need-Based Financial Aid

    Families often sell investments such as stocks, bonds and mutual funds to pay college bills. If these investments are not held within a 529 college savings plan or other qualified tuition plan, however, the capital gains from selling the investments can hurt the student's eligibility for need-based financial aid. Capital gains occur when you sell an asset that has appreciated in ...
    Published over 3 years ago | Rated: +5
  • +4

    What Happens When Retirement Money isn't in a Qualified Retirement Plan?

    I am a single parent, age 56 and my daughter will be applying for college next year. I make less than $60,000, but have just over $100,000 in savings and mutual funds that I have saved towards retirement as I am self employed. (I just recently found out about other self employed retirement options.) Will my daughter receive less financial aid ...
    Published almost 2 years ago | Rated: +4
  • +6

    When Grandma Moves In, Does It Help or Hurt Financial Aid Eligibility?

    Grandma is moving in with her Social Security check. Does this help or hurt my FAFSA results? Does her Social Security check count towards my parents' income on the FAFSA? — Doreen Y. The answer is complicated and depends on whether Grandma receives the Social Security benefits in her own name or whether they are received by your parents on her ...
    Published almost 5 years ago | Rated: +6
  • +13

    Is a Student Who is Enrolled Simultaneously in High School and College Eligible for Federal Student Financial Aid?

    My 16-year-old son has passed an ability-to-benefit (ATB) test at a community college. He has been accepted has a regular student in a qualifying program but has not graduated from high school. The college is denying him the Federal Pell Grant because they are stating that he is enrolled in high school. My position is that in Florida he has passed ...
    Published almost 4 years ago | Rated: +13
  • +1

    Cost of Raising Children from Birth to High School Graduation Up 0.5% to $222,360

    The US Department of Agriculture estimates that middle-income two-parent families will spend $222,360 in 2009 dollars to raise a child born in 2009 from birth to high school graduation. The cost per child for low income families (earning less than $56,670) is $160,410 and the cost per child for upper income families (earning more than $98,120) is $369,360. These estimates do ...
    Published over 4 years ago | Rated: +1
  • +7

    Student Debt Guide: Credit Scores

    Student Debt Guide: Credit Scores
    Good credit, bad credit, credit score reports, sites and don’t even mention credit cards! It’s all too easy to get jumbled in the mix. Luckily, our financial expert Mark Kantrowitz breaks down the basic questions, like what a credit score is and why should you care.[gate] How is my credit score calculated? Lenders report whether you pay your bills on time ...
    Published about 2 years ago | Rated: +7
  • +9

    Dad Died, Mom Remarried; Grandma Moved In. How do These Changes Affect My FAFSA?

    We recently had an addition in the family. Not a new sibling, but my mother's mom is now living with us. She's great and we love having her, but she's not free. Should I change any info on my FAFSA because of this? — Sana B. If your grandmother lives with and receives more than half her support from your parents, ...
    Published about 5 years ago | Rated: +9
  • +11

    Tips for a Teacher on Managing Excessive Debt

    I have a dire question that needs urgent results. I took out a loan in college (undergraduate). I was foolish and took out the maximum loan amount that I could each time. Upon graduating, I moved to another state and began my teaching career. In the beginning years it was hard for me to make payments and I made bad choices ...
    Published over 4 years ago | Rated: +11
  • +3

    Insider Secrets: FAFSA - Free Application For Federal Student Aid

    Financial aid is a complicated topic with an alphabet soup of acronyms like FAFSA and EFC, rolling deadlines and (seemingly) endless forms, rules and regulations. But with the state of the economy, you're most likely going to have to get some sort of outside help in your pursuit of higher education. Don't panic! This video will provide you with answers ...
    Published about 5 years ago | Rated: +3
  • +6

    New Husband Refuses to Help with College Costs

    I have been a single mother raising twin daughters pretty much all their life but recently (2 years ago) remarried a fairly successful man who has from day one said he will not contribute to their education. He provides absolutely NO support for the girls, I pay their tuition and everything else they need all on my own. My daughters are ...
    Published about 3 years ago | Rated: +6
  • +4

    Ask for a Professional Judgment Review for One-Time Events

    In our base year, my spouse will have a one-time job that will significantly raise our income for one year only. We have significant credit card debt and no savings for our child's college education. We plan to use the extra income to pay down our debt and to have money available to help with college costs. But will this one ...
    Published about 3 years ago | Rated: +4
  • +9

    Questions about Maintaining and Regaining Eligibility for Federal Education Loans

    I have a sophomore in college right now and will have another child starting her freshman year in college next year. We were approved for a Stafford Loan and a Parent PLUS loan for our son this year. We will need to have student loans to finance the entire amount of both kids' education. Will we be able to continue to ...
    Published about 5 years ago | Rated: +9
  • +7

    Time to panic about prepaid tuition plans?

    Time to panic about prepaid tuition plans?
    The New York Times reported on October 5, 2009 that 16 of the 18 state prepaid tuition plans are facing funding shortfalls because of a combination of stock market losses and increases in tuition at public colleges. Only five state plans are backed by the full faith and credit of the state. While the other states will be under political pressure ...
    Published over 5 years ago | Rated: +7
  • +5

    Can the FAFSA be Completed with Information from the Previous Year's Tax Returns?

    My daughter got accepted to her first-choice school, a private university, as an early-decision candidate. The school won't be able to tell us the amount of financial aid she will be offered until March. I am eager to file the FAFSA and CSS Financial Aid PROFILE forms as soon as possible, as I've heard this helps maximize the amount of aid ...
    Published about 2 years ago | Rated: +5
  • +5

    Must the Student's Child Live with the Student for the Student to be Independent?

    I'm 23 and have a 4-year-old child. Last year I received independent status for my financial aid because I supported my child more than 51% of his needs. This year the financial aid office asked for the same documents as last year but told me that I couldn't be an independent student because I didn't have enough documented proof. I explained ...
    Published about 2 years ago | Rated: +5
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