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  • +17

    Does Applying for Financial Aid Affect Your Chances of Admission?

    Does applying for financial aid ever limit one's chances of acceptance to a college? Do colleges give any subtle preference to students who state on their application that they do not need financial aid? For example, would it be advantageous for a student whose parents earn $150,000 and have adequate savings to tell a college costing $30,000 that they do not ...
    Published over 3 years ago | Rated: +17
  • +3

    Does Dependency Status on Income Tax Returns Affect Financial Aid Eligibility?

    My daughter graduated from undergraduate school in May of this year. As far as student loans were concerned she was considered a dependent for the 4 years she attended there and we filed our income tax as such. However, she started graduate school in July of this year and in order to attend she had to apply for a student loan ...
    Published over 1 year ago | Rated: +3
  • +7

    How do retirement funds affect student aid eligibility?

    How do parent contributions to 401(k) or IRA retirement plans affect financial aid eligibility? — Stephen C. The federal need analysis methodology considers both income (taxable and untaxed) and assets that are reported on the Free Application for Federal Student Aid (FAFSA). Money in qualified retirement plans, such as a 401(k), 403(b), IRA, pension, SEP, SIMPLE, Keogh and certain annuities, is ...
    Published almost 5 years ago | Rated: +7
  • +7

    Ask the Expert: Why Not Borrow from My 401(k) for My Daughter's College Tuition?

    QUESTION: Why not borrow from my 401(k) for my daughter's college tuition, as there will be less to lose in this economic crisis? -- Betsy Thomas ANSWER: Borrowing from your 401(k) is almost always a big mistake. It may seem innocuous, since instead of paying back a bank loan, you're paying yourself. But you've lost the opportunity to earn further returns ...
    Published over 5 years ago | Rated: +7
  • +13

    It’s Payback Time: Keeping Up with Your Student Loan Payments

    It’s Payback Time: Keeping Up with Your Student Loan Payments
    For the past four or five years, your student loans have been a nagging presence, but something that you’ve kept tucked away in the back of your mind – behind the essays, Blue Book exams and presentations. But now, it’s time to bring those pesky student loans to the forefront of your mind and get down to business on repaying them. ...
    Published about 2 years ago | Rated: +13
  • +4

    Will Filing Income Tax Returns as Married Filing Separately Affect Eligibility for Student Financial Aid?

    My husband and I separated last year and are living at separate addresses. We have not filed for divorce yet or a formal separation. We are considering filing our taxes as married filing separately. I am currently a student at an online university and will need to fill out my FAFSA soon. Although my soon to be ex-husband makes about $75,000 ...
    Published almost 3 years ago | Rated: +4
  • +22

    How to Talk to Your Teen About Money

    How to Talk to Your Teen About Money
    Did you know that your children’s credit scores may be more important to their future than their academic transcripts? Or that 68 percent of high school and college students say they have never had a meaningful conversation with their parents about personal finances? What’s your reaction to an Indiana University administrator candidly admitting that they lose more students to credit cards ...
    Published about 6 years ago | Rated: +22
  • +16

    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 veteran, or a student planning a career in the military, there are programs that can help fund your college career. Funding for Veterans and Veterans' Dependents To repay service in ...
    Published almost 6 years ago | Rated: +16
  • +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 about 5 years ago | Rated: +10
  • +13

    Best Money Books for New College Graduates

    College is a transition from a sheltered existence where your parents worried about money matters on your behalf to the real world where you are responsible for making ends meet. But there are many lessons about managing money and living on your own that aren't taught in a college classroom. According to the Council for Economic Education, 13 states require high ...
    Published almost 4 years ago | Rated: +13
  • +270

    Can You Get a Pell Grant Even If You Don't Qualify for the Free and Reduced-Price School Lunch Program?

    If a child does not qualify for the free or reduced-price school lunch program, can they still qualify for federal student aid? —Y.P. Yes. Students who don't qualify for the free or reduced-price school lunch program can still qualify for federal student aid and should submit the Free Application for Federal Student Aid (FAFSA). The FAFSA added a question about the ...
    Published over 3 years ago | Rated: +270
  • +20

    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 for Tuition Expenses or as the Torricelli Deduction. This deduction may be taken even if the taxpayer does not itemize. The deduction is currently set to expire at the end ...
    Published about 5 years ago | Rated: +20
  • +11

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners
    Your Facebook profile may cause you to lose a scholarship. It can also help you win a scholarship. According to a recent survey of scholarship-granting organizations, about a quarter of scholarship providers evaluate the online presence of finalists before selecting which students will win scholarships. These scholarship sponsors use web search sites like Google and social media web sites like Facebook, ...
    Published over 2 years ago | Rated: +11
  • +9

    What's the FAFSA? And Why You Should Care

    What's the FAFSA? And Why You Should Care
    You must submit the Free Application for Federal Student Aid (FAFSA) if you want to apply for federal and state financial aid. Many colleges and universities, especially public institutions, also require the FAFSA. You must submit the FAFSA every year that you want aid. Obtaining a FAFSA The FAFSA is available in several formats, including online, PDF and paper versions. The ...
    Published over 5 years ago | Rated: +9
  • +19

    Parent Tips: Financial Aid

    Parent Tips: Financial Aid
    We asked parents to share their advice on the financial aid process, based on their experiences with their children. Here's what they said: "Keep a file folder with each piece of correspondence in it. That way you have a paper trail. Every time a new loan, grant or financial aid comes in, you may receive a revised bill. Also, make sure ...
    Published over 5 years ago | Rated: +19
  • +28

    The “Free” Tuition Experiment

    The “Free” Tuition Experiment
    No matter where you attend college today, costs have skyrocketed, leaving students with the impending doom of student debt for years to come. Meanwhile, public funding for education has been declining to the point of nonexistence, as far as many students are concerned. So, what can be done to combat the issue? It seems as though many are considering the recent ...
    Published about 1 year ago | Rated: +28
  • +28

    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 at 11 USC 523(a)(8) requires borrowers who want to get a bankruptcy discharge for their student loans to demonstrate in an adversary proceeding that repaying their student loans "would impose ...
    Published over 4 years ago | Rated: +28
  • +24

    Give Back to Say Goodbye to Student Loan Debt

    Give Back to Say Goodbye to Student Loan Debt
    If you’re like the millions of students looking for a way out of your student loans; I've got good news for you. There are alternatives but, as with most things in life, there’s a tiny catch. What's the catch? If you’re willing to do some good for the world (gasp!) and volunteer, there are plenty of programs that will be willing ...
    Published 5 months ago | Rated: +24
  • +37

    Crowdfunding for College

    Crowdfunding for College
    Crowdfunding, the latest trend in the startup craze, allows the public to view and donate to causes and projects via a public platform. Students have jumped on the bandwagon, utilizing crowdfunding resources to fund the often astronomical student loans that have accumulated. Here are some resources that students can utilize crowdfunding for debt payment, as well as manage a current financial ...
    Published 11 months ago | Rated: +37
  • +33

    Student Tips: Financial Aid

    Student Tips: Financial Aid
    We asked FastWeb members to pass along their advice on financial aid, based on their personal experiences. Here's what they said: "It is NOT your school's responsibility to keep track of your account, it's yours! If you think that something is not right about your financial aid, check it out. Even if the school's mistake seems to be favoring you, you ...
    Published over 5 years ago | Rated: +33
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