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  • +22

    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 10 months ago | Rated: +22
  • +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 about 3 years ago | Rated: +5
  • +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 over 1 year ago | Rated: +7
  • +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 over 2 years ago | Rated: +6
  • +5

    Questions about Net Assets and Changes in Marital Status

    On the asset section of the FAFSA form if you have $100,000 in stocks but also have a $75,000 margin loan balance would you net this out and put down $25,000 in stock assets? — Rob A. Yes. You report the net asset value, namely the current market value of the assets minus any debts secured by the assets. Since a ...
    Published over 4 years ago | Rated: +5
  • +3

    Why Do We Owe the College Money After the Student Dropped Out?

    My son was awarded an amount from FAFSA and also money from the LIFE and Pell grants. We paid the remainder of his tuition out of pocket. He started his freshman year and started having some medical issues. He withdrew from school during the second drop period. The university sent us a letter explaining how this money was sent back to ...
    Published over 2 years ago | Rated: +3
  • +8

    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 over 1 year ago | Rated: +8
  • +15

    How a Decrease in College Endowments Will Impact Your Child's College

    How a Decrease in College Endowments Will Impact Your Child's College
    Over the last decade, colleges enjoyed double-digit increases in their endowments. A college’s endowment is not only a sign of an institution’s financial strength, but it also allows the institution to fund new projects. With alumni donations, many colleges expanded academic programs, refurbished campus facilities, and improved financial aid awards. College endowments, however, are not immune to the drastic downturn in ...
    Published over 5 years ago | Rated: +15
  • +5

    Can a Family on Fixed Income Afford to Pay Double for an Out-of-State Private College?

    My husband took early retirement so we are on a fixed income. We set aside enough money in various college funds for our daughter to attend any in-state public college. However, she is interested in an out-of-state private college that costs approximately double what we have saved. We are researching scholarship opportunities but wonder how the fact that we are retired ...
    Published almost 4 years ago | Rated: +5
  • +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 over 1 year 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 over 1 year ago | Rated: +5
  • +12

    Choosing a Student Loan: Public vs. Private

    Choosing a Student Loan: Public vs. Private
    Loans – it’s a pretty loaded word, especially when it comes to higher education financing. Though they all serve the same purpose – helping you pay for school – they can come from a variety of sources. All students are encouraged to file the FAFSA, which will determine eligibility for financial aid. With this form, eligible students have the option to ...
    Published 3 months ago | Rated: +12
  • +4

    Treatment of Grandparent Assets Held by a Parent on the FAFSA

    I am completing the FAFSA for my son and daughter. My Mom is elderly and has put my name as secondary on her accounts. Do I have to report the money in those accounts as my assets on the FAFSA? It doesn't seem fair if I do, because the money is not mine to use. — Chris S. Grandparents sometimes transfer ...
    Published over 4 years ago | Rated: +4
  • +2

    Aboriginal Art and College Cost Bubbles

    Aboriginal Art and College Cost Bubbles
    What does Australian aboriginal art have to do with college costs? Read on. When I was a research scientist at a software laboratory over a decade ago, I purchased a few paintings by aboriginal artists during a trip to Australia to present a paper at an international computer science conference. Australian aboriginal art is intriguing because it is both primitive and ...
    Published over 2 years ago | Rated: +2
  • +7

    Drowning in Six-Figure Debt for a Low-Paying Field of Study

    I am going to be attending a New York university this spring as a music major. My ultimate goal is to get a doctorate of ethnomusicology and to teach at a university while also completing fieldwork research. My loan debt will be very high (at least $100,000). Do you know how to attempt to get a high-paying college job right out ...
    Published over 3 years ago | Rated: +7
  • +8

    Can a Stepdaughter be Counted in the Household If She Lives with the Other Parent?

    My stepdaughter used my husband's tax return to file her FAFSA because her mother had said that his taxes needed to be used because he claims her on his income tax return. From what I know, the parent that the child lives with most of the time should be used. Am I right or wrong? She got denied financial aid when ...
    Published about 3 years ago | Rated: +8
  • +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 almost 3 years ago | Rated: +5
  • Rate

    Public College Tuition Increased by 15% Last Year from Two Years Ago

    Nationwide, in-state tuition at 4-year public colleges increased by 15.0% from 2008-09 to 2010-11, according to updated college affordability data released by the U.S. Department of Education on Tuesday, June 12, 2012. (These figures do not appear to be weighted by full-time equivalent enrollment.) Tuition at community colleges increased by an even greater percentage, 16.6%. Tuition at 4-year non-profit colleges increased ...
    Published about 2 years ago | Rate This
  • +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 almost 4 years ago | Rated: +11
  • Rate

    HEROES Act of 2003

    HEROES Act of 2003
    The Higher Education Relief Opportunities For Students (HEROES) Act of 2003 (Public Law 108-76) is intended to ensure that service members who are receiving Federal student aid are not adversely affected because of their military status and to minimize the administrative burden placed on such individuals. The HEROES Act allows the Secretary of the US Department of Education to waive or ...
    Published over 5 years ago | Rate This
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