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  • +12

    How does job loss affect federal student financial aid?

    When I turned in my FAFSA my parents were making a lot more money than they are now. Both my parents were working full time, but now my mom is the only one working for minimum wage, with my dad jobless. Is there anything I can do at this time to change my FAFSA? — Sam W. Call or write the ...
    Published almost 6 years ago | Rated: +12
  • +4

    How does bankruptcy affect PLUS loan eligibility?

    I applied for a Parent PLUS loan for my son's education starting this fall. I was turned down due to filing chapter 7 four years ago this October. They said I would not be able to get funds until October of 2010. My lawyer, who helped me file chapter 7 said that he believed this was discrimination and not allowed. Is ...
    Published almost 6 years ago | Rated: +4
  • +32

    Book It: How to Find Cheaper Textbooks

    Book It: How to Find Cheaper Textbooks
    The price of textbooks has risen at twice the rate of inflation (.pdf) over the last 20 years according to the Government Accountability Office. Even used books don't soften the blow. What's a student with a bruised bank account to do? Net Yourself a Used Textbook Amazon, Abebooks and eBay are familiar resources. Other Web sites (like Campusi) list available titles ...
    Published about 7 years ago | Rated: +32
  • +8

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?
    Only 529 college savings plans that are owned by the student or the student's parents are reported as assets on the Free Application for Federal Student Aid (FAFSA). So a 529 plan owned by a grandparent or other third party will not be reported as an asset on the FAFSA. However, qualified distributions from such a 529 plan are treated as ...
    Published over 3 years ago | Rated: +8
  • +23

    Going Out of State Can Cost You

    Going Out of State Can Cost You
    If she wanted to save money on tuition, Erin Patterson had to make some money quickly. As an out-of-state student at the University of Missouri-Columbia, Patterson needed to earn a certain amount on her W-2 in order to claim residency and thus lower her tuition bill. “I had no intention of becoming a resident of Missouri when I started college, but ...
    Published over 6 years ago | Rated: +23
  • +23

    A Hidden Financial Aid Gem Right Under Your Nose

    A Hidden Financial Aid Gem Right Under Your Nose
    A common scholarship myth is that millions of dollars go unclaimed each year, and it is exactly that: a myth. But there’s another way to save money that has gone untapped by thousands of students and their families, a source of help “hidden” in plain sight. It’s so hidden, students failed to take advantage of millions of dollars in benefits, according ...
    Published over 6 years ago | Rated: +23
  • +13

    When is a Stepparent or Adoptive Parent's Income Reported on the FAFSA?

    My daughter's father and I are divorced and I have remarried. Neither my previous nor my new husband are contributing toward my daughter's education, so I am paying all of the expenses myself. How can I show that in my taxes and on the FAFSA so the aid calculations are not made using twice the income that is actually being applied ...
    Published over 4 years ago | Rated: +13
  • +5

    Can a Dependent Student File the FAFSA as Independent if the Student's Parents Don't File Federal Income Tax Returns?

    The next several Ask Kantro columns will answer questions about the Free Application for Federal Student Aid (FAFSA). The FAFSA may be filed starting on January 1. The FAFSA is used to apply for student financial aid from the federal and state governments and from most colleges and universities for the award year that runs from July 1 to June 30. ...
    Published over 3 years ago | Rated: +5
  • +10

    Hope Scholarship Tax Credit

    The Hope Scholarship provides a federal income tax credit of up to $2,500 (40% refundable) per student based on the first $4,000 in postsecondary tuition, fees and course materials paid by the taxpayer during the tax year. The Hope Scholarship tax credit is 100% of the first $2,000 and 25% of the second $2,000. The tax credit is limited to the ...
    Published about 6 years ago | Rated: +10
  • +8

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans
    There are many options for repayment relief for borrowers who are having trouble repaying their education loans. These include deferments and forbearances that suspend the monthly payment obligation, alternate repayment plans that reduce the monthly payments by increasing the loan term, and forgiveness and discharge programs that cancel the loans entirely. Which options are appropriate for you depends in part on ...
    Published over 6 years ago | Rated: +8
  • +5

    Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

    Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?
    I have a question about filling out a FAFSA form for my child. If we fill out the form and my child is granted a loan for college, will the parents be cosigners or responsible in any way for their child's loan either now or in the future? — D.F. No. The Free Application for Federal Student Aid (FAFSA) is the ...
    Published about 4 years ago | Rated: +5
  • +22

    Introduction to Saving for College

    Introduction to Saving for College
    You're about to have a baby and you're already worrying about how to pay for their college education. Or your son or daughter just started high school and you read about some private colleges costing more than $50,000 a year. How are you going to be able to afford four years of a college education? Don't panic! The solution is to ...
    Published almost 6 years ago | Rated: +22
  • +7

    How to Qualify for a PLUS Loan Despite an Adverse Credit History

    I'm currently an MBA student who has a VERY adverse credit history. Part of which includes a defaulted Federal Loan. I'm halfway through my first year of business school and find myself needing more money. I've found someone who does not have an adverse credit history who is willing to cosign. I'm worried that I still won't receive the loan. What ...
    Published over 2 years ago | Rated: +7
  • +10

    How does divorce affect eligibility for student financial aid?

    I am currently a single parent with a daughter receiving financial aid. However, I plan to marry and am curious how that affects my child’s financial aid. Will his income be considered when completing the FAFSA next year even if we don’t share financial responsibility for her or commingle our bank accounts? — Terri S. If a dependent student's custodial parent ...
    Published almost 6 years ago | Rated: +10
  • +7

    How do retirement funds affect student aid eligibility?

    How do parent contributions to 401(k) or IRA retirement plans affect financial aid eligibility? — Stephen C. The federal need analysis methodology considers both income (taxable and untaxed) and assets that are reported on the Free Application for Federal Student Aid (FAFSA). Money in qualified retirement plans, such as a 401(k), 403(b), IRA, pension, SEP, SIMPLE, Keogh and certain annuities, is ...
    Published almost 6 years ago | Rated: +7
  • +25

    Financial Aid Glossary

    Academic Year: The period in which school is in session - typically September through May. Accrual Date: The date on which interest charges on an educational loan begin to accrue. Adjusted Available Income: The remaining income after taxes and a basic living allowance have been subtracted (in the Federal Methodology). Assets: Cash in checking and savings accounts, trusts, stocks, bonds, other ...
    Published over 2 years ago | Rated: +25
  • +12

    Got a Burning Financial Aid Question? Ask the Expert!

    Wondering how to maximize your financial aid package? Got a specific student aid question you can't find the answer to? No matter what is its, if you've got a financial aid question, "Kantro" has the answer. Mark Kantrowitz is one of the top financial aid experts in the country and he's answering YOUR questions, here on FastWeb! Nationally recognized and often ...
    Published almost 6 years ago | Rated: +12
  • +35

    Making Smarter Student Loan Decisions

    Making Smarter Student Loan Decisions
    It’s no secret that college is getting more expensive by the minute. For instance, the cost of education at a university rose from 23 to 38 percent between 2001 and 2010. That’s a huge climb! In attempts to make college possible, many students take out student loans in pursuit of their higher education. While an investment in education is one of ...
    Published 3 months ago | Rated: +35
  • +6

    Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?

    Are you familiar with any programs that could assist a low-income social worker who has used up his hardship deferments? Any assistance would be appreciated. I'm in a low-paying county, being paid a low income to assist disabled persons, and need help with my student loans. — Dave W. If your loans are federal student loans, such as Federal Stafford or ...
    Published about 4 years ago | Rated: +6
  • +2

    Loan Forgiveness Programs

    Are your student loans piling up? Depending on your future plans, you may be able to find relief. Loan forgiveness programs can help by canceling some, or all, of you debt in exchange for some type of public service. Low-income School Programs There are several federal loan forgiveness programs designed for students who become full-time teachers in elementary or secondary schools ...
    Published about 8 years ago | Rated: +2
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