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  • +8

    Choosing an Education Loan

    Choosing an Education Loan
    Most families evaluate education loans based mainly on cash flow considerations: How much money can you get to pay for college costs and/or living expenses? How much are the monthly payments? When do the payments start and when do they end? What is the total cost of the loan (total payments over the life of the loan)? Who is responsible for ...
    Published over 5 years ago | Rated: +8
  • +13

    Options for a Family Denied Education Loans Due to Insufficient Income

    My daughter received some financial aid for her freshman year of college but we still had to take out a sizable loan for the rest. She applied for a loan her sophomore year and was denied because we have "insufficient income" to repay the debt. My husband is self-employed as a landscaper and it was a bad year. She was attending ...
    Published about 4 years ago | Rated: +13
  • +7

    How To Ask Friends and Family for Money for a Child's College Savings Plan

    In a Fastweb survey of high school and college students about preferred holiday gifts, more than half of the respondents said that they were hoping for money for college. But asking for money is awkward. It feels like begging. Most people are uncomfortable asking for money, even for a good purpose. Asking for gifts of money is taboo in the United ...
    Published over 3 years ago | Rated: +7
  • +14

    How Does a Parent Enrolling in College Affect the Child's Financial Aid?

    My daughter is hoping to attend a private college next year. Of course, we will be applying for financial aid and as many scholarships as we can find! My husband works full time and I have always worked full time. In late February, I was temporarily laid off from my job. I should be returning to work on a part-time basis ...
    Published over 3 years ago | Rated: +14
  • +3

    How can a student on academic probation pay for college with no aid?

    My son has brain damage along with seizures and a reading learning disability. With all the doctors appointments, hospital stays and seizures he is on academic probation this semester. So that means, well you know what that means, he will not be allowed to apply for FAFSA this semester. My question to you all is how can I afford to pay ...
    Published almost 5 years ago | Rated: +3
  • +16

    Making Sense of Your EFC

    Making Sense of Your EFC
    Everyone has an idea of what their EFC (Expected Family Contribution) should be, but it typically never matches with what the FAFSA declares, leaving a lot of students and families clambering for more options to pay for school. Understanding how the EFC is determined and what happens after might lead to greater transparency into the process, helping you and your family ...
    Published almost 3 years ago | Rated: +16
  • +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 over 3 years ago | Rated: +6
  • +13

    Graduate Grants: Writing a Successful Proposal

    Graduate Grants: Writing a Successful Proposal
    You've found the perfect grant for your graduate program. Now you need to convince the grant or fellowship committee that you're the one to fund. More Than a Scholarship Application A grant proposal is a unique document. You have more freedom than you do when writing a scholarship application - and you have to do more planning as well. And even ...
    Published over 5 years ago | Rated: +13
  • +18

    Top Twelve Tips for Asking for College Savings Cash

    Top Twelve Tips for Asking for College Savings Cash
    This article lists a dozen tips for asking for college savings cash as an alternative to traditional material gifts. It is a summary of the longer article, How To Ask Friends and Family for Money for a Child's College Savings Plan. 1. The only way to get a cash gift to a child's college savings plan is to ask. If you ...
    Published over 3 years ago | Rated: +18
  • +6

    Does Consolidating Student Loans Save Money Like a Refinance?

    I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have graduated from college and will soon be starting to pay back my loans. My unsubsidized loans are at 6.8% and subsidized are at 5.5%. I also have many DEAL loans, ...
    Published over 3 years ago | Rated: +6
  • +28

    "Free Money" & Taxes

    "Free Money" & Taxes
    Do you know the difference between a scholarships, grant and fellowship? Are you aware of the tax statuses of scholarships, grant and fellowship funding? It’s important to know the differences between the types of award funding, along with any government regulations applied to student award funds. Luckily, the majority of scholarships, fellowships and grants have built-in stipulations that require the funds ...
    Published over 1 year ago | Rated: +28
  • +10

    Student Loan Interest Deduction

    Student Loan Interest Deduction
    Borrowers of federal and private education loans may deduct up to $2,500 in interest as an above-the-line exclusion from income. This deduction may be taken even if the taxpayer does not itemize. Amount of the Deduction You can deduct up to $2,500 in interest on a qualified education loan. The deduction is taken as an adjustment to income, so you can ...
    Published over 5 years ago | Rated: +10
  • +13

    Impact of a Government Shutdown on Student Financial Aid

    Impact of a Government Shutdown on Student Financial Aid
    If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published over 3 years ago | Rated: +13
  • +4

    How to Complete the FAFSA when a Parent Didn't File her Federal Income Tax Return

    I have a problem with my FAFSA. My mom didn't file her income tax returns last year. What do I use when I fill out my FAFSA form? — Erica H. There are four common scenarios in which someone might not file a federal income tax return: 1. Not required to file. The taxpayer is not required to file a federal ...
    Published about 4 years ago | Rated: +4
  • +22

    Why the FAFSA May Soon be Extinct

    Why the FAFSA May Soon be Extinct
    With President Barack Obama's inauguration, many people are looking forward to the changes he promised during his campaign in 2008. He set specific goals in evolving the college application and attendance process. One specific plan is the American Opportunity Tax Grant. Another is the elimination of the FAFSA. President Obama and Vice President Biden hope to streamline the process of applying ...
    Published almost 6 years ago | Rated: +22
  • +23

    Hidden College Costs

    Hidden College Costs
    You've calculated tuition costs, figured in room, board and books. You've even checked out scholarships and grants, filled out the FAFSA and budgeted for day-to-day expenses like groceries and laundry money. You've covered all your financial bases. Yet even with careful planning, you may encounter college costs that take you by surprise. These costs crop up in the form of "miscellaneous ...
    Published over 5 years ago | Rated: +23
  • +26

    The Best Schools for Financial Aid

    The Best Schools for Financial Aid
    You know that most schools offer financial aid assistance to students who need it, but have you ever wondered if some colleges offer more than others? Some do. These schools prove that it is possible to make educational funding readily available to their students. Here are the country’s top ten colleges for students looking for financial aid, according to The Princeton ...
    Published about 1 year ago | Rated: +26
  • +3

    How Can One Shelter Parent Assets on the FAFSA?

    My daughter is going to college next year. We have to file the FAFSA in January. We have money in our savings account that we saved for emergency reasons and some for my daughter's college. Will this affect her chance in getting grants or loans? What should we do? — G.N. Money in a savings account counts as an asset on ...
    Published about 2 years ago | Rated: +3
  • +5

    Top College Cost Drivers

    The United States is home to the world’s most expensive higher education system. So says the College Board, an educational testing and services group. That probably doesn’t surprise you, especially if you are among those paying or preparing to pay the average of $5,800 a year in tuition to attend a four-year public university. (That figure skyrockets to an average of ...
    Published over 7 years ago | Rated: +5
  • +13

    If I Stop Paying My Student Loans, Will the Default Yield a Reasonable Settlement?

    I would like to know what will happen if I stop paying my student loans. I have never been unemployed and don't plan to be, but my loan payments are over $700 a month and that is unreasonable (that's over half of my monthly salary). I have tried three different jobs since graduating in the hopes of making more money, but ...
    Published over 3 years ago | Rated: +13
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