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  • +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
  • +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 almost 3 years ago | Rated: +13
  • +18

    Prepare to Pay Even More for School

    Prepare to Pay Even More for School
    Student Loan Interest Rates Set to Skyrocket for 7 Million Students & Counting If Congressional action isn't taken, the interest rates on government subsidized student loans will double to 6.8 percent on July 1st of this year. This change will affect one third of undergraduate students who are receiving Federal Direct Stafford Loans. The high interest rates aren't news to undergraduates ...
    Published about 1 year ago | Rated: +18
  • -243

    Congress Proposes Big Cuts in Pell Grants

    The Republican leadership of the US House of Representatives released a proposal to cut the maximum Pell Grant to $4,015 late on Friday, February 11, 2011. This proposal is part of a larger package of budget cuts that seek to cut spending by $100 billion for the remainder of the current fiscal year. Congress has not yet passed the fiscal year ...
    Published over 3 years ago | Rated: -243
  • +13

    How Do Parent Financial Problems Affect a Student's Eligibility for Financial Aid?

    We the parents screwed up financially and had to file for bankruptcy and are in a Chapter 13 repayment program. The FAFSA thinks according to their estimator that we can afford to pay $10,000 a year (parent contribution) but there is no way. There is no provision for us to show that $1,500 a month goes to courts. (That's $18,000 a ...
    Published over 3 years ago | Rated: +13
  • +1

    Big FAFSA Overview

    The U.S. Department of Education provides billions in student financial aid every year. But you won't see a penny of that unless you fill out the Free Application for Federal Student Aid (FAFSA). You can simplify the process with FAFSA on the Web. Are You Still Using Paper? If you have access to the Internet, either in your home, school, local ...
    Published over 1 year ago | Rated: +1
  • +24

    Is an Emancipated Child Considered an Independent Student?

    I am a single parent of three children. One is a junior in college, the middle child will be attending college next year. I have always completed the FAFSA for my oldest daughter, claiming her as my dependent. Her father and and I have split the cost of out-of-pocket expenses. This past year, however, her father took me back to court ...
    Published over 3 years ago | Rated: +24
  • +22

    Get Paid to Stay In State? Students Speak Out

    We asked FastWeb members whether they would consider staying in their home state after graduation if it meant they wouldn't have to pay back their student loans and here's what they had to say: "I definitely would stay in my home state for loan forgiveness. I have personally already been a college graduate for a year and see this as ...
    Published about 7 years ago | Rated: +22
  • +14

    President Obama Proposes Student Aid Increases in State of the Union Address

    President Obama Proposes Student Aid Increases in State of the Union Address
    In the state of the union address on Tuesday, January 24, 2012, President Obama proposed several increases in student aid spending. The first two proposals call for Congress to extend existing student aid programs that are scheduled to expire this year. Stop the pending increase in student loan interest rates. The College Cost Reduction and Access Act of 2007 enacted a ...
    Published over 2 years ago | Rated: +14
  • +3

    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 2 years ago | Rated: +3
  • +13

    Lifetime Learning Tax Credit

    The Lifetime Learning provides a federal income tax credit of up to $2,000 per taxpayer based on the first $10,000 in postsecondary tuition and fees paid by the taxpayer during the tax year. The Lifetime learning tax credit is 20% of the first $10,000. The tax credit may be received for an unlimited number of years. Amount of Credit The Lifetime ...
    Published over 5 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 almost 4 years ago | Rated: +4
  • +24

    PLUS Loans: A Loan Just for Parents (and Grad Students Too)

    Parents of college students face added financial pressure. The federal Parent Loan for Undergraduate Students (PLUS) loan can alleviate some of that pressure. The PLUS is a loan for parents and family members to help cover the education costs for dependent college students. PLUS loans cover up to the total cost of undergraduate education not already covered by financial aid for ...
    Published about 7 years ago | Rated: +24
  • +7

    Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

    We married in January of last year, after my husband graduated with a Master's degree in December. His loans total $65,000 and he earned $20,000 last year. I graduated in May with a doctorate in physical therapy and $175,000 in debt. My income last year was $33,000. Our combined AGI was $53,000. For our federal loans we want income-based repayment. But ...
    Published over 2 years ago | Rated: +7
  • +17

    Employer Tuition Assistance

    Employer Tuition Assistance
    Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, books, supplies, and equipment. In certain circumstances payments above $5,250 may also be tax-free. About one-twelfth of undergraduate students and one-fifth of graduate students (two-fifths of MBA students) receive employer ...
    Published over 5 years ago | Rated: +17
  • +10

    Student Loan Over $1 Trillion: What to Know Before You Borrow

    Student Loan Over $1 Trillion: What to Know Before You Borrow
    With National Decision Day looming, students and their parents are taking a close look at top college choices and assessing academic offerings and campus body fit. But most importantly, families are taking a look at each school’s affordability. On Wednesday, the Consumer Financial Protection Bureau launched its latest tool to help educate students and their families on the costs of borrowing ...
    Published over 2 years ago | Rated: +10
  • Rate

    Reporting of Untaxed Social Security Benefits on the FAFSA and the Impact of IRS Filing Extensions on FAFSA Verification

    I am a college student with a severe congenital physical disability. If I apply for and am granted SSI benefits, will receiving these benefits cause my family's EFC to increase? I am not employed and am a full-time student, living in my parents' home. Would we end up paying more for my college expenses if I were to receive SSI benefits? ...
    Published about 4 years ago | Rate This
  • +5

    When should you apply for scholarships and financial aid?

    My son will be applying to colleges this fall since he is a high school senior. Should he wait until he is accepted into a college before applying for scholarships? — Bryan R. Your son should start searching for scholarships as soon as possible. There are scholarships with deadlines in every month of the year (more in the fall and spring ...
    Published almost 5 years ago | Rated: +5
  • +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 over 1 year ago | Rated: +3
  • +2

    Insider Secrets: Education Tax Benefits

    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 give you the inside ...
    Published over 4 years ago | Rated: +2
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