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The Best Schools for Financial Aid

The Best Schools for Financial Aid

These schools prove that it is possible to make educational funding readily available to their students.

Elizabeth Hoyt
Published October 8, 2013
Financial Aid for Military Service

Financial Aid for Military Service

The Army, Navy, Air Force, Marine Corps and Coast Guard can offer a lot of assistance for students heading to college. Whether you're a veteran, a child or spouse of a ...

By Kay Peterson, Ph.D.
Published September 4, 2008
Congress Proposes Allowing Private Student Loans to be Discharged in Bankruptcy

Congress Proposes Allowing Private Student Loans to be Discharged in Bankruptcy

Congress is proposing to allow borrowers to discharge private student loans in bankruptcy. Under current law, education loans are not dischargeable in bankruptcy except in extreme circumstances. The US Bankruptcy Code ...

Mark Kantrowitz
Published April 22, 2010
Top Twelve Tips for Asking for College Savings Cash

Top Twelve Tips for Asking for College Savings Cash

If you don't ask, you definitely won't get anything.

Mark Kantrowitz
Published May 9, 2011
How to Deal with a Defaulted But Paid-Off Student Loan that Reappears

How to Deal with a Defaulted But Paid-Off Student Loan that Reappears

Years ago, I went to a two-year school and obtained my Associate's degree. I defaulted on the loan. However, my taxes were taken years later (twice) to take care of the ...

Mark Kantrowitz
Published March 5, 2012
FAFSA Prep: Money Moves to Make Before the End of 2015

FAFSA Prep: Money Moves to Make Before the End of 2015

How to prepare for Prior-Prior Year FAFSA before the end of 2015.

By Kathryn Knight Randolph
Published November 25, 2015
Can I Get a New Financial Aid Package if My Mom Lost Her Job?

Can I Get a New Financial Aid Package if My Mom Lost Her Job?

I am in my third semester and have already received my financial aid for this semester; however, our financial circumstances have dramatically changed. My mother was laid off as of the ...

Mark Kantrowitz
Published September 29, 2009
Tuition and Fees Deduction

Tuition and Fees Deduction

The Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction ...

Mark Kantrowitz
Published May 18, 2009
How are Trust Funds Reported on the FAFSA?

How are Trust Funds Reported on the FAFSA?

Each of my parents left me a trust. From each trust I am entitled to the interest income and $5,000 annually. The remainder of the principal stays in the trusts until ...

Mark Kantrowitz
Published May 24, 2010
Congress Passes Fiscal Cliff Legislation, Extending American Opportunity Tax Credit

Congress Passes Fiscal Cliff Legislation, Extending American Opportunity Tax Credit

Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8) late on Tuesday, January 1, 2013. The measure passed with bipartisan support in the Senate by a vote of 89 ...

Mark Kantrowitz
Published January 1, 2013
A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

I gave college a shot when I was 18 and dropped out due to major health problems. Student loans obviously did not disappear because of this and I have been struggling ...

Mark Kantrowitz
Published August 1, 2011
Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

I have two questions which I assume you've been asked a million times and I just want to make sure I'm understanding the write-ups about them correctly. We have a regular ...

Mark Kantrowitz
Published March 12, 2012
Are There Any Fees for Filing the FAFSA?

Are There Any Fees for Filing the FAFSA?

Is there a fee to complete the FAFSA and if so, how much? — T. Smith There is no fee to file the FAFSA. As the name suggests, the Free Application ...

Mark Kantrowitz
Published June 27, 2011
The FAFSA - Step One for Financial Aid

The FAFSA - Step One for Financial Aid

Applying for financial aid is easier than you think. Your first stop: the (FAFSA). For many schools, this is the only form you need. What is it? The FAFSA is the ...

By Kay Peterson, Ph.D.
Published December 31, 2012
Why Do We Owe the College Money After the Student Dropped Out?

Why Do We Owe the College Money After the Student Dropped Out?

My son was awarded an amount from FAFSA and also money from the LIFE and Pell grants. We paid the remainder of his tuition out of pocket. He started his freshman ...

Mark Kantrowitz
Published January 9, 2012
Five Surprising Financial Aid Facts

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 ...

By Bridget Kulla
Published September 4, 2008
Have You Considered Consolidating?

Have You Considered Consolidating?

Keeping track of all your student loans can be confusing - is consolidation the answer?

Elizabeth Hoyt
Published May 10, 2016
Student Loan Glossary

Student Loan Glossary

Everything you need to know about student loans.

Published May 12, 2016
It’s In Your Best Interest to Act on FAFSA Changes, Even If Your College Isn’t Changing Deadlines

It’s In Your Best Interest to Act on FAFSA Changes, Even If Your College Isn’t Changing Deadlines

Take advantage of this year's FAFSA changes, regardless of whether or not the school you're applying to or attending is updating their financial aid deadlines.

Elizabeth Hoyt
Published August 2, 2016
How Do You Calculate Individual Income From a Joint Return for the FAFSA When the Parents Are Separated?

How Do You Calculate Individual Income From a Joint Return for the FAFSA When the Parents Are Separated?

In your answer to How Does Income Tax Filing Status Affect Student Aid?, you address the question of which parent is responsible for completing the FAFSA. However, I'm very curious as ...

Mark Kantrowitz
Published February 28, 2011