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Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

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, ...

Mark Kantrowitz
Published April 16, 2012
Student Debt Guide: Credit Scores

Student Debt Guide: Credit Scores

What's a credit score and why should you care?

Elizabeth Hoyt
Published January 8, 2013
When Does Repayment Begin on a Subsidized Loan?

When Does Repayment Begin on a Subsidized Loan?

When does a student have to start paying back a subsidized loan? — A.A. If the loan is a subsidized Stafford loan, repayment begins 6 months after graduating from college or ...

Mark Kantrowitz
Published August 15, 2011
Can You Get a Loan-Free Education?

Can You Get a Loan-Free Education?

Universities like Harvard, Princeton and Yale are doing away with college loans in favor of endowment-driven grants. Could this spark a bona fide loan-free trend among the nation's colleges? Is this ...

By Jennifer LeClaire
Published May 1, 2009
Must the Student's Child Live with the Student for the Student to be Independent?

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 ...

Mark Kantrowitz
Published November 5, 2012
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 ...

Mark Kantrowitz
Published October 7, 2009
New Husband Refuses to Help with College Costs

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 ...

Mark Kantrowitz
Published November 7, 2011
Quick Answers to Common Questions about Financial Aid

Quick Answers to Common Questions about Financial Aid

Financial aid is an inherently complicated topic. Sometimes students and parents have questions that may seem obvious to people who have more experience with financial aid. But they can't find the ...

Mark Kantrowitz
Published April 1, 2013
What Do You Do When Income or an Asset Isn't Really Your Money?

What Do You Do When Income or an Asset Isn't Really Your Money?

I am a disabled parent who hasn't worked since 2007. I am currently on long term disability and have been ruled disabled by the Social Security Administration. My child is heading ...

Mark Kantrowitz
Published January 23, 2012
What Happens When Retirement Money isn't in a Qualified Retirement Plan?

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 ...

Mark Kantrowitz
Published March 25, 2013
Can the FAFSA be Completed with Information from the Previous Year's Tax Returns?

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 ...

Mark Kantrowitz
Published January 7, 2013
Will Refusing Loans Increase College Grants in the Financial Aid Package?

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 ...

Mark Kantrowitz
Published June 21, 2010
What Documentation can a College Financial Aid Administrator Request?

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 ...

Mark Kantrowitz
Published December 10, 2012
Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

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 ...

Mark Kantrowitz
Published May 28, 2012
Cost of Raising Children from Birth to High School Graduation Up 0.5% to $222,360

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 ...

Mark Kantrowitz
Published May 28, 2010
Beyond Sticker Shock - Extracurricular College Costs

Beyond Sticker Shock - Extracurricular College Costs

You've probably already calculated tuition bills and costs for room and board. Yet the hidden costs of college — from pizza to airfare, from library fines to laundry money — can ...

By Kathleen Carmichael, Ph.D.
Published June 5, 2007
Ask for a Professional Judgment Review for One-Time Events

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 ...

Mark Kantrowitz
Published January 16, 2012
When Grandma Moves In, Does It Help or Hurt Financial Aid Eligibility?

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? — ...

Mark Kantrowitz
Published April 26, 2010
Finding Funding on Campus

Finding Funding on Campus

Avoiding the topic of financial aid only makes it that much worse in the long run!

Elizabeth Hoyt
Published January 29, 2014
Congress Passes One-Year Interest Rate Freeze

Congress Passes One-Year Interest Rate Freeze

Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with ...

Mark Kantrowitz
Published June 29, 2012