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    Income and Financial Aid Eligibility

    In general, with the student not working and in a home with mom and dad both working, what is the maximum income they can earn and still qualify for financial aid? — Tracee N. Federal student aid is awarded based on the student and parent income and assets, household size, number of children in college and a variety of other factors. ...
    Published about 5 years ago | Rate This
  • +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 about 5 years ago | Rated: +10
  • +11

    Student Aid and Scholarships for Second Degree Students

    I am thinking about going back to school to get a second bachelors degree. Because I already have a B.A. degree, it seems that I am not able to receive any aid other than student loans. Is this true or am I missing something? — Josh S. Student with a prior Bachelor's degree are ineligible for the Pell Grant, Academic Competitiveness ...
    Published about 5 years ago | Rated: +11
  • +14

    The Elephant in the Room

    The Elephant in the Room
    Students, you and your parents are so focused on the standard college questions – what school, what degree, how to pay for it – that you overlook the elephant in the room. An Elephant in the room? Yes, the educational Elephant who can cost you and your families thousands of dollars, unnecessarily. Here’s where the elephant raises his costly tusks. You ...
    Published about 5 years ago | Rated: +14
  • +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 about 5 years ago | Rated: +4
  • +21

    Is college worth the cost?

    Is college worth the cost?
    Some people have argued that the high cost of a college education is a bubble waiting to burst. They draw superficial comparisons with the housing market, pointing out the high cost, heavy financing with no down payment, federal subsidies and tax deductible interest. But unlike a house, a college degree is an asset that enables the production of income. In a ...
    Published about 5 years ago | Rated: +21
  • +6

    Cost of Raising Children from Birth to High School Graduation Up 4.4% to $221,190

    The US Department of Agriculture estimates that middle-income two-parent families will spend $221,190 in 2008 dollars to raise a child born in 2008 from birth to high school graduation. The cost per child for low income families (earning less than $56,870) is $159,870 and the cost per child for upper income families (earning more than $98,470) is $366,660. These estimates do ...
    Published about 5 years ago | Rated: +6
  • +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 over 5 years ago | Rated: +12
  • +2

    Survey Says: Financial Considerations Affecting College Choices

    Sallie Mae and Gallup just released the results of a survey of how American families pay for college. The survey found that families are becoming more cost conscious in their college choices. Nevertheless, the majority of families still see college as a necessary and worthwhile investment in their children's future. Students from higher income families were more likely to enroll at ...
    Published over 5 years ago | Rated: +2
  • +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 over 5 years ago | Rated: +22
  • +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
  • +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 over 5 years ago | Rated: +12
  • +250

    Would Forgiving Student Loans Stimulate the Economy?

    Would Forgiving Student Loans Stimulate the Economy?
    Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy. Most noteworthy is the group Cancel Student Loan Debt to Stimulate the Economy (see also www.forgivestudentloandebt.com) founded by Robert Applebaum, a New York attorney. This group has grown to have more than 220,000 ...
    Published over 5 years ago | Rated: +250
  • -1

    Is tuition refund insurance worthwhile?

    College is a big investment, as expensive as buying an automobile or a house. You insure your car and your home, why not insure your child's college education? Tuition refund insurance provides a full or partial refund of college costs -- including tuition, fees, room and board -- in the event your child is forced to withdraw midway through the school ...
    Published over 5 years ago | Rated: -1
  • +204

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs
    The US House of Representatives is considering legislation to overhaul the federal education loan and grant programs. The Student Aid and Fiscal Responsibility Act of 2009, nicknamed SAFRA, will increase funding for federal student aid programs and simplify the Free Application for Federal Student Aid. These changes will implement several of President Obama's campaign promises. Switch to 100% Direct Lending Starting ...
    Published over 5 years ago | Rated: +204
  • +10

    First Steps Toward Simplifying the FAFSA

    First Steps Toward Simplifying the FAFSA
    Student aid policy experts have argued for years that the Free Application for Federal Student Aid (FAFSA) is too long and too complicated. The FAFSA form is a source of confusion and frustration for many families. The policy experts have proven that the current process of applying for financial aid is itself a problem that prevents millions of students from applying ...
    Published over 5 years ago | Rated: +10
  • +321

    President Obama Simplifies the FAFSA for You

    President Obama Simplifies the FAFSA for You
    In a statement today, the Obama Administration announced sweeping changes to the FAFSA. Families filling out the FAFSA will no longer have to go through such a painstaking process just to see if they qualify for aid. With the new changes, the online FAFSA will see a drop from 30 screens of questions to 10, according to CNN. The goal, according ...
    Published over 5 years ago | Rated: +321
  • +18

    When Student Loans Aren't Enough

    When Student Loans Aren't Enough
    Though federal student loans (such as the Federal Stafford Loan) help many students to attend college, families often find that even the maximum loan amounts are not enough to pay for their education. For instance, the average cost of attendance at a four-year public school for the 2012-2013 academic year is $22,261 and at a four-year private school, it’s $43,289— yet ...
    Published over 5 years ago | Rated: +18
  • +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
  • +22

    Survey Says: Parents Still Saving for College Despite Economy

    Sallie Mae and Gallup just released the results of a survey of how American families save for college. The survey found that most parents are continuing to save for college despite the economy and that saving for college slightly trails saving for retirement. More than 9 in 10 of the parents (92%) think that it is likely or very likely that ...
    Published over 5 years ago | Rated: +22
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