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  • +21

    Shocking Student Debt Statistics

    Shocking Student Debt Statistics
    Everyone wants a slice of the American Dream and, in this modern day, going to college is essential to success. Forget the Jones’, these days Americans are finding it increasingly difficult to keep up with the very student loans they took out to help ensure future success. So, what happens when they very institution that’s supposed to safeguard your future now ...
    Published about 1 year ago | Rated: +21
  • +21

    Borrowing for College: How Much is Too Much?

    Borrowing for College: How Much is Too Much?
    Too much of a good thing can be bad, as Shakespeare demonstrated, and the axiom is true of student borrowing for college. Students may believe it is difficult enough worrying about the big exam next week or whom to take to the spring dance. Yet students must stretch themselves and imagine a much greater consequence, years into the future, when they ...
    Published over 1 year ago | Rated: +21
  • +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
  • +13

    When Will the Financial Aid Award Letter Arrive?

    I am new to all of this and I am wondering how soon we find out how much financial aid we will be getting. My son has been accepted at 3 colleges and each one wants money to secure his place. One is way more expensive than the others but if we get enough aid he can go there. The deposit ...
    Published about 3 years ago | Rated: +13
  • +17

    Total College Debt Now Exceeds Total Credit Card Debt

    Total College Debt Now Exceeds Total Credit Card Debt
    As of June 2010, total student loan debt passed total credit card debt for the first time. According to the Federal Reserve's statistical release, G.19 Consumer Credit, the seasonally adjusted revolving credit totaled $826.5 billion as of June 2010. As much as 98% of revolving credit is credit card debt. Student loan debt outstanding totaled at least $830 billion as of ...
    Published over 3 years ago | Rated: +17
  • +8

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans
    There are many options for repayment relief for borrowers who are having trouble repaying their education loans. These include deferments and forbearances that suspend the monthly payment obligation, alternate repayment plans that reduce the monthly payments by increasing the loan term, and forgiveness and discharge programs that cancel the loans entirely. Which options are appropriate for you depends in part on ...
    Published almost 5 years ago | Rated: +8
  • +28

    FAFSA Checklist

    FAFSA Checklist
    The FAFSA: one of - if not the most, daunting of financial aid forms. The name alone can make students shudder in fear. But, there’s no reason to be afraid, Fastwebbers! We've got you covered; letting you know everything you need before you even think about filling out the form. It’s important to gather all the necessary information and materials beforehand. ...
    Published 6 months ago | Rated: +28
  • +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 4 years ago | Rated: +12
  • +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 4 years ago | Rated: +22
  • +2

    Loan Forgiveness Programs

    Are your student loans piling up? Depending on your future plans, you may be able to find relief. Loan forgiveness programs can help by canceling some, or all, of you debt in exchange for some type of public service. Low-income School Programs There are several federal loan forgiveness programs designed for students who become full-time teachers in elementary or secondary schools ...
    Published almost 7 years ago | Rated: +2
  • +22

    Which Assets and Debts are Reported on the FAFSA?

    Last year my family had low income ($40,000) but high assets. The assets include $1 million in properties, other investments, the primary home, car, 401(k), IRA and pension plan. How are the assets counted for determining need-based financial aid? — S.S. Certain types of assets are not reported on the Free Application for Federal Student Aid (FAFSA). For example, the net ...
    Published about 3 years ago | Rated: +22
  • +9

    If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

    How beneficial is it to have our college attending son file his taxes on his own versus us claiming him as a dependent? Does it make a huge difference in the amount of aid and/or scholarships he would receive? — Lois H. Whether or not a student is claimed as an exemption on his parents' federal income tax returns has no ...
    Published about 2 years ago | Rated: +9
  • +9

    How to Pay for Grad School

    How to Pay for Grad School
    Earning a graduate degree can be a smart idea, but how do you find the funding to pay for an expensive advanced degree? There are ways to earn a graduate degree without ending up with a lot of debt. Figure Out How Much Money You'll Need First, figure out the expenses associated with getting a degree. Don't just focus on tuition ...
    Published over 5 years ago | Rated: +9
  • +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 over 4 years ago | Rated: +4
  • +15

    Free College Tuition for Veterans at Select Schools

    Free College Tuition for Veterans at Select Schools
    Just a few weeks ago, Colorado State University announced that it would cover the complete cost of a higher education for veterans – and not just tuition and fees. CSU is shelling out on housing, textbooks and meal plans too. Colorado State is just one of dozens of colleges and universities around the country participating in the Yellow Ribbon Program. According ...
    Published almost 3 years ago | Rated: +15
  • +8

    Students Lose Financial Aid for Failure to Make Satisfactory Academic Progress

    I have been attending college for some time now. Ever since my mom passed away I have been really shaking with some of my classes. Last semester I did decent: I got an A, two Cs and a D. But my appeal for financial aid got denied. I had to pay out of pocket for the spring semester and I won't ...
    Published over 2 years ago | Rated: +8
  • +37

    He's the Financial Aid Guru. Only on Fastweb.

    He's the Financial Aid Guru.  Only on Fastweb.
    Is your financial aid advice featured in The New York Times? Didn’t think so. Mark Kantrowitz, is nationally recognized as an often quoted leading financial aid expert. With degrees from M.I.T., Carnegie-Mellon and more quotes than Webster’s, he is the financial aid guy’s financial aid guy. Here’s his advice for these tough times. Kantrowitz strongly encourages families to save 1/3 of ...
    Published almost 5 years ago | Rated: +37
  • +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 4 years ago | Rated: +12
  • +23

    Financial Aid Glossary

    Academic Year: The period in which school is in session - typically September through May. Accrual Date: The date on which interest charges on an educational loan begin to accrue. Adjusted Available Income: The remaining income after taxes and a basic living allowance have been subtracted (in the Federal Methodology). Assets: Cash in checking and savings accounts, trusts, stocks, bonds, other ...
    Published over 1 year ago | Rated: +23
  • +18

    Congressman Hansen Clarke Proposes Student Loan Relief Legislation

    Congressman Hansen Clarke Proposes Student Loan Relief Legislation
    Rep. Hansen Clarke (D-MI-13) introduced the Student Loan Forgiveness Act of 2012 (H.R. 4170) on March 8, 2012. If enacted, this legislation will provide student loan forgiveness for federal education loans, allow private student loans to be refinanced into federal direct consolidation loans and cap all federal student loan interest rates at 3.4%. This legislation would address some of the calls ...
    Published about 2 years ago | Rated: +18