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  • +11

    How to Choose the Best Education Loans

    With the new Obama tuition plan do you now have to go through FAFSA to get a loan? Is it better to take a loan out in my child's name or take a parent PLUS loan? — Michelle A. As of July 1, 2010, all federal education loans are now made through the Direct Loan program. This includes federal student loans, ...
    Published almost 4 years ago | Rated: +11
  • +11

    Pros and Cons of Using Retirement Funds to Pay for College Costs

    Why should one NOT use retirement funds to pay for a child's college costs? — Diane H. There are two main reasons why families shouldn't use retirement plan funds to pay for college. The first reason is the financial impact of taking a distribution from a retirement plan to pay for college. The financial impact includes both the tax liability and ...
    Published over 2 years ago | Rated: +11
  • +11

    Financial Aid for Study Abroad

    Financial Aid for Study Abroad
    Euro. Yen. Dollar. Whatever you call it, if you want to study abroad you're going to need it. There are ways to get financial aid to study abroad. Find out how to make your trip overseas more affordable. The Ins and Outs of Aid Eligibility Before you rule out study abroad because of the cost, find out whether you may be ...
    Published about 5 years ago | Rated: +11
  • +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 over 4 years ago | Rated: +10
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    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 almost 5 years ago | Rated: +10
  • +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 over 4 years ago | Rated: +10
  • +10

    Top Strategies for Maximizing Aid Eligibility

    Top Strategies for Maximizing Aid Eligibility
    These strategies will have the largest impact on need-based aid eligibility. By implementing these strategies, you will be able to maximize your aid eligibility and therefore have a chance of receiving more financial aid. None of these strategies are guaranteed, but they do offer the best chance. 1. Save money in the parent's name, not the child's name. Or use a ...
    Published about 1 month ago | Rated: +10
  • +10

    Five Surprising Financial Aid Facts

    Think you know financial aid? These five facts might surprise you. 1. Most students receive financial aid. If you’re not going to bother applying for scholarships because you think no one ever wins, you’re wrong. Two-thirds of full-time undergraduate students receive financial aid in the form of grants or scholarships, according to the College Board. The cost of college is rising, ...
    Published over 5 years ago | Rated: +10
  • +10

    Illinois State Agency Proposes Bond to Fund Increases in the State's College Grant Program

    The Illinois Student Assistance Commission (ISAC) is proposing to issue 10-year taxable revenue notes or bonds to increase funding for the state's college grant program. The bonds would provide $100 million a year in additional funding for the MAP grant program on top of current state appropriations of $405 million. This would increase the number of recipients to as many as ...
    Published over 3 years ago | Rated: +10
  • +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 about 2 years ago | Rated: +10
  • +10

    Questions about Obtaining and Repaying Student Loans

    How will my credit score effect my ability to get the funding I need for graduate school? If my credit is not great, will I be able to get the loans I need to cover my college costs? — Katy C. The federal Stafford loan does not depend on your credit history. As a graduate student you will be able to ...
    Published over 4 years ago | Rated: +10
  • +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 almost 5 years ago | Rated: +10
  • +10

    Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

    Senator Al Franken (D-MN) introduced the Understanding the True Cost of College Act (S.3244) on Thursday, May 24, 2012 with bipartisan support. This legislation will standardize college financial aid award letters to help students and parents make informed decisions concerning the tradeoffs between college affordability and college quality. It will also help students and their families make smarter borrowing decisions. Students ...
    Published almost 2 years ago | Rated: +10
  • +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 almost 5 years ago | Rated: +10
  • +10

    Clearing Up Confusion. What are Parents Responsible for on FAFSA?

    There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on this topic. The references to "father's/stepfather's" on the FAFSA can be confusing for children of divorced parents. I'm 17 yrs old and I live with my mother and my stepfather. ...
    Published about 4 years ago | Rated: +10
  • +10

    How Do You Complete the FAFSA When a Parent is Undocumented?

    I live with my mother and my brothers. My mother is undocumented and does not work. However, I am a permanent resident and my brothers were born here in the United States. We are receiving help from welfare as food stamps and cash for needy families. We are also living in a shelter. My question is: What kind of financial aid ...
    Published over 3 years ago | Rated: +10
  • +9

    What Counts as Child Support on the FAFSA?

    I am very grateful to Fastweb for providing all that you do. I am especially grateful for your answers to questions. I agreed (outside of the courts) to pay my daughter's car payment and some additional spending money for internet access. This increased my costs by $100 per month beyond the child support obligation. Can I exclude this amount from the ...
    Published about 4 years ago | Rated: +9
  • +9

    Is Your Financial Aid a Victim of the Recession?

    Is Your Financial Aid a Victim of the Recession?
    The stock market’s in a slump. The economy isn't rebounding. Jobs are hard to come by-- and so are student loans. But you’re not sure how — or if— any of it affects you. Chances are it will. And while you may not be feeling the effects of it yet, that’s simply because it hasn’t trickled down yet. When it comes ...
    Published about 5 years ago | Rated: +9
  • +9

    Dad Died, Mom Remarried; Grandma Moved In. How do These Changes Affect My FAFSA?

    We recently had an addition in the family. Not a new sibling, but my mother's mom is now living with us. She's great and we love having her, but she's not free. Should I change any info on my FAFSA because of this? — Sana B. If your grandmother lives with and receives more than half her support from your parents, ...
    Published over 4 years ago | Rated: +9
  • +9

    Defaulting on Student Loans

    Missing payments on your student loan has serious consequences. If you're making monthly payments and you're 270 days delinquent, or 330 days delinquent if you pay less often than monthly, then you are in default. Your Borrowing Responsibilities It's important to read the fine print when you borrow money for school. Unless you're granted loan deferment, forbearance or forgiveness, you must ...
    Published over 5 years ago | Rated: +9