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Which are Better, US Savings Bonds or 529 College Savings Plans?

Which are Better, US Savings Bonds or 529 College Savings Plans?

We have a son who is going to be in the 10th grade this year. We also have twins who are 3.5 years old. I am trying to understand where to ...

Mark Kantrowitz
Published August 6, 2012
Who Really Graduates with $100,000 or More in Student Loans?

Who Really Graduates with $100,000 or More in Student Loans?

Expert insights into who leaves college with the most debt.

Mark Kantrowitz
Published August 5, 2012
Rolling US Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

Rolling US Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

I read your article on rolling savings bonds into a 529 plan but I am still not sure of one thing. If we are over the income threshold for tax-free redemption, ...

Mark Kantrowitz
Published July 30, 2012
White House Releases Model Financial Aid Award Letter "Shopping Sheet"

White House Releases Model Financial Aid Award Letter "Shopping Sheet"

Photo courtesy of Department of Education.

Mark Kantrowitz
Published July 24, 2012
Rolling Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

Rolling Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

My son is heading to college this fall and I would like to use his savings bonds tax free, although the way I read the rules I think I cannot do ...

Mark Kantrowitz
Published July 23, 2012
Government Report Reviews Private Student Loans and Recommends Statutory Changes

Government Report Reviews Private Student Loans and Recommends Statutory Changes

The Consumer Financial Protection Bureau (CFPB) and the US Department of Education released a report to Congress about private student loans on July 20, 2012 as mandated by section 1077 of ...

Mark Kantrowitz
Published July 19, 2012
Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

Expert advice on refinancing your mortgage to pay for college.

Mark Kantrowitz
Published July 16, 2012
Financial Aid for Graduate School: Your Credit History Affect and Types of Aid

Financial Aid for Graduate School: Your Credit History Affect and Types of Aid

Paying for graduate school with undergraduate and credit card debt.

Mark Kantrowitz
Published July 9, 2012
Vietnam Era Veteran Needs Help Paying for Graduate School

Vietnam Era Veteran Needs Help Paying for Graduate School

Advice for older veterans returning to college.

Mark Kantrowitz
Published July 2, 2012
Congress Passes One-Year Interest Rate Freeze

Congress Passes One-Year Interest Rate Freeze

Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with ...

Mark Kantrowitz
Published June 29, 2012
Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

I will begin to pay back my student loans in January. My loan debt is about $134,000 and I'm going to pay it back via income-based repayment (IBR). My husband also ...

Mark Kantrowitz
Published June 25, 2012
How to Pay for College After a Recent Bankruptcy Discharge

How to Pay for College After a Recent Bankruptcy Discharge

My daughter will be starting college in the fall (hopefully). The full cost for each year is approximately $50,000. She received a scholarship for $35,000 and she has enough saved for ...

Mark Kantrowitz
Published June 18, 2012
Public College Tuition Increased by 15% Last Year from Two Years Ago

Public College Tuition Increased by 15% Last Year from Two Years Ago

Nationwide, in-state tuition at 4-year public colleges increased by 15.0% from 2008-09 to 2010-11, according to updated college affordability data released by the U.S. Department of Education on Tuesday, June 12, ...

Mark Kantrowitz
Published June 13, 2012
Which Student Loans are the Best Ones to Borrow?

Which Student Loans are the Best Ones to Borrow?

I'm a first year and I'm searching for student loans with my mom and I'm not sure which one is the best one I should take out. Do you have any ...

Mark Kantrowitz
Published June 11, 2012
White House Calls on Colleges to Adopt Clear College Cost and Financial Aid Disclosures

White House Calls on Colleges to Adopt Clear College Cost and Financial Aid Disclosures

The White House is calling on all college and university presidents to provide incoming students with clear and easy-to-understand college cost and financial aid disclosures. On June 5, 2012, Vice President ...

Mark Kantrowitz
Published June 5, 2012
Which Parents are Responsible for Completing the Financial Aid Application Forms?

Which Parents are Responsible for Completing the Financial Aid Application Forms?

Both of my daughters' parents have re-married. Whose income is counted for financial aid? Just biological parents or their spouses too? Does primary parent fill out the paperwork or the parent ...

Mark Kantrowitz
Published June 4, 2012
ProPublica and the Chronicle of Higher Education Seek Copies of Financial Aid Award Letters

ProPublica and the Chronicle of Higher Education Seek Copies of Financial Aid Award Letters

Two leading newspapers, ProPublica and the Chronicle of Higher Education, are seeking copies of actual financial aid award letters received by students. They are interested in receiving award letters from all ...

Published May 29, 2012
Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

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 ...

Mark Kantrowitz
Published May 28, 2012
Are UGMA and UTMA Accounts Reported as Investments on the FAFSA?

Are UGMA and UTMA Accounts Reported as Investments on the FAFSA?

Tuesday, May 29 is National College Savings Day (i.e., May 29 is 5/29, a cute reference to 529 college savings plans). To commemorate the occasion, Mark Kantrowitz answers a question about ...

Mark Kantrowitz
Published May 28, 2012
Private Student Loans Add Fixed Rate Options

Private Student Loans Add Fixed Rate Options

Student loan pricing goes through cycles. When fixed interest rates are high but variable interest rates are heading downward, borrowers prefer variable interest rates. When variable interest rates are low but ...

Mark Kantrowitz
Published May 21, 2012