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Browse Financial Aid Articles

  • +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 almost 4 years ago | Rated: +7
  • +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 over 4 years ago | Rated: +5
  • +5

    Rolling US Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

    I read your article on rolling savings bonds into a 529 plan but I am still not sure of one thing. If we are over the income threshold for tax-free redemption, can we roll the bonds into the 529 and avoid paying taxes on the bonds? Then when we take deductions from the 529 to pay for qualified expenses do we ...
    Published over 2 years ago | Rated: +5
  • +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 over 3 years ago | Rated: +8
  • +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
  • 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
  • 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 over 2 years ago | Rate This
  • +8

    Student Credit Cards

    Student Credit Cards
    You see the offers everywhere, free duffel bag for signing up for this credit card, free water bottle, campus gear and sometimes even free money. Before you go signing on the dotted line, find out what you’re really signing up for. If you’re serious about considering a credit card, find out what kind of card it is. Not all plastics are ...
    Published over 3 years ago | Rated: +8
  • +7

    Albany City Council Passes Loan Forgiveness Resolution

    Albany City Council Passes Loan Forgiveness Resolution
    The Albany Common Council passed a non-binding resolution urging Congress to "consider forgiving student loans" on Monday, August 17, 2009 by a vote of 12 to 0. The city council's resolution was inspired by similar calls for forgiveness by several Facebook groups. Resolution #43.42.09R was proposed by Jim Sano, chair of the city council's Finance Committee. It urges Congress to forgive ...
    Published over 5 years ago | Rated: +7
  • +10

    Check Out FastWeb's Video Coverage of the University of California's Student Protests!

    Check Out FastWeb's Video Coverage of the University of California's Student Protests!
    UC Berkeley students are up in arms over an approved 32 percent tuition increase for all ten campuses in the University of California system that will raise yearly fees above $10,000 for the first time in history. Similar protests and sit-ins took place at UCLA and UC Santa Cruz. The regent committee endorsed the hefty hike by a vote of 10-1. ...
    Published about 5 years ago | Rated: +10
  • +6

    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 dropping below half-time enrollment status. If the loan is a Perkins loan, repayment begins 9 months after graduating from college or dropping below half-time enrollment status. The 6 or 9 ...
    Published over 3 years ago | Rated: +6
  • +6

    Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

    The National Association of Consumer Bankruptcy Attorneys (NACBA) held a press conference on Tuesday, February 7, 2012 during which they called on Congress to allow federal and private student loans to be discharged in bankruptcy, to restore a reasonable statute of limitations on student loan collections and to improve oversight of private collection agencies. NACBA also released the results of a ...
    Published almost 3 years ago | Rated: +6
  • +8

    Rolling Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

    My son is heading to college this fall and I would like to use his savings bonds tax free, although the way I read the rules I think I cannot do it. Here is the story: All of the bonds were bought from 1994 through 2001 by various family members. All of the bonds have my son's name on the "TO" ...
    Published over 2 years ago | Rated: +8
  • +9

    Completing the FAFSA When the Student's Parents Have a Legal Separation

    My parents aren't divorced but are legally separated and have been for about ten years. My mother is unable to remember where the papers for their separation are. I was wondering if I have to put my father's information on the FAFSA even though my mother is my primary care-giver. (I spend all 365 days a year with her.) I don't ...
    Published over 3 years ago | Rated: +9
  • +8

    How Do I Fix an Non-Qualified Distribution from a College Savings Plan?

    I had a CollegeSure CD for my son who started college last fall. After the CD matured in August, I cashed it out and put the money in a savings account thinking I had to do that. He didn't have enough college expenses for the first semester to equal the gross distribution, so now I think we're in a terrible tax ...
    Published over 3 years ago | Rated: +8
  • +6

    Financial Aid for a Student Returning to College for Retraining in a New Career

    My wife is looking to go back to school for a new career. But I'm pretty lost as to how to help her with all this financial aid stuff. Can you help me to get started, or at least point me in the right direction? — Skyler G. Most of the answer to the first question in last week's Ask Kantro ...
    Published about 4 years ago | Rated: +6
  • -7

    Insider Secrets: Financial Aid Myths

    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 debunk some of the ...
    Published about 5 years ago | Rated: -7
  • +1

    Insider Secrets: Scholarships 101

    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: +1
  • +8

    Timing of an Appeal for More Aid and Appealing the Asset Value of Unsold Real Estate

    How soon after filing the FAFSA can I request a professional judgement review (without seeming overanxious)? We tried to sell our previous home last year without success. The home is vacant and not used for rental. Naturally we have to list this as an asset which makes our total assets look like more than they are. Furthermore, the value we used ...
    Published almost 4 years ago | Rated: +8
  • +4

    Impact of the Super Committee Stalemate on Federal Student Financial Aid

    On November 21, 2011 the Joint Select Committee on Deficit Reduction, also known as the super committee, announced that it had failed to reach an agreement to reduce the deficit. The super committee was charged with cutting the budget deficit at least $1.2 trillion over the next 10 years. One side was unwilling to increase revenues while the other side was ...
    Published about 3 years ago | Rated: +4
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