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  • +8

    Choosing an Education Loan

    Choosing an Education Loan
    Most families evaluate education loans based mainly on cash flow considerations: How much money can you get to pay for college costs and/or living expenses? How much are the monthly payments? When do the payments start and when do they end? What is the total cost of the loan (total payments over the life of the loan)? Who is responsible for ...
    Published almost 5 years ago | Rated: +8
  • +12

    Graduate Grants: Writing a Successful Proposal

    Graduate Grants: Writing a Successful Proposal
    You've found the perfect grant for your graduate program. Now you need to convince the grant or fellowship committee that you're the one to fund. More Than a Scholarship Application A grant proposal is a unique document. You have more freedom than you do when writing a scholarship application - and you have to do more planning as well. And even ...
    Published almost 5 years ago | Rated: +12
  • +22

    Why the FAFSA May Soon be Extinct

    Why the FAFSA May Soon be Extinct
    With President Barack Obama's inauguration, many people are looking forward to the changes he promised during his campaign in 2008. He set specific goals in evolving the college application and attendance process. One specific plan is the American Opportunity Tax Grant. Another is the elimination of the FAFSA. President Obama and Vice President Biden hope to streamline the process of applying ...
    Published about 5 years ago | Rated: +22
  • +8

    Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

    You've mentioned previously that while Parent PLUS loans are nominally eligible for public service loan forgiveness, they are not eligible for IBR or ICR, which leaves nothing left to forgive. Is there no relief for Parent PLUS loans altogether? Or, is there any way for Parent PLUS loans to qualify for loan forgiveness? — Anonymous Federal Parent PLUS loans are not ...
    Published about 1 year ago | Rated: +8
  • +5

    Top College Cost Drivers

    The United States is home to the world’s most expensive higher education system. So says the College Board, an educational testing and services group. That probably doesn’t surprise you, especially if you are among those paying or preparing to pay the average of $5,800 a year in tuition to attend a four-year public university. (That figure skyrockets to an average of ...
    Published almost 7 years ago | Rated: +5
  • +5

    That Free Financial Aid Seminar May be Just a Worthless Sales Pitch

    From time to time I receive solicitations for free financial aid seminars that are really sales pitches for a product or service. I attend these seminars to monitor the information (and misinformation) that these seminars disseminate. The latest one was a bit different, in that it was affiliated with a national asset management and financial planning firm. It's not a very ...
    Published over 2 years ago | Rated: +5
  • +23

    Hidden College Costs

    Hidden College Costs
    You've calculated tuition costs, figured in room, board and books. You've even checked out scholarships and grants, filled out the FAFSA and budgeted for day-to-day expenses like groceries and laundry money. You've covered all your financial bases. Yet even with careful planning, you may encounter college costs that take you by surprise. These costs crop up in the form of "miscellaneous ...
    Published almost 5 years ago | Rated: +23
  • +27

    Managing Your Research Grant

    Managing Your Research Grant
    Winning the grant you've worked so hard to achieve is one thing. Taking steps to ensure the award will be one of many is something completely different. Get to Know Your Grant Sometimes the greatest challenge is figuring out how you are allowed to spend "your" money. A lot of expenses you expect to be covered could be restricted. For example, ...
    Published almost 5 years ago | Rated: +27
  • +16

    Making Sense of Your EFC

    Making Sense of Your EFC
    Everyone has an idea of what their EFC (Expected Family Contribution) should be, but it typically never matches with what the FAFSA declares, leaving a lot of students and families clambering for more options to pay for school. Understanding how the EFC is determined and what happens after might lead to greater transparency into the process, helping you and your family ...
    Published about 2 years ago | Rated: +16
  • +21

    Are You a College Drop-Out Risk?

    Are You a College Drop-Out Risk?
    Yep, it happened. Congress couldn't get their act together, so now you’re going to have to pay more. But, before you borrow, make sure it will pay off in the future. What do we mean by this? Investing in your education is a good thing; it’s even often referred to as “good” debt. As long as you get a degree to ...
    Published 10 months ago | Rated: +21
  • +21

    Is college worth the cost?

    Is college worth the cost?
    Some people have argued that the high cost of a college education is a bubble waiting to burst. They draw superficial comparisons with the housing market, pointing out the high cost, heavy financing with no down payment, federal subsidies and tax deductible interest. But unlike a house, a college degree is an asset that enables the production of income. In a ...
    Published over 4 years ago | Rated: +21
  • +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
  • +12

    Impact of a Government Shutdown on Student Financial Aid

    Impact of a Government Shutdown on Student Financial Aid
    If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published about 3 years ago | Rated: +12
  • +18

    State-Based Tuition Breaks

    You may already know about federal aid for college, but did you know your state could help out as well? Most states offer financial incentives to residents as well as awards based on academic merit and financial need. In-state Assistance States have a lot of reasons for offering grants to students who attend in-state colleges and universities. "We want to keep ...
    Published over 5 years ago | Rated: +18
  • +19

    Should Parents Transfer College Savings from an UTMA Account to a 529 Plan?

    My twin daughters will be entering college in the fall. We have saved for their college education over the last 17 years. Presently the savings are held in two accounts each: a custodial account under the Uniform Transfer to Minor Act (UTMA) and in a Coverdell Education IRA account. I recently read that in connection with evaluating any possible financial aid ...
    Published over 3 years ago | Rated: +19
  • +3

    How can a student on academic probation pay for college with no aid?

    My son has brain damage along with seizures and a reading learning disability. With all the doctors appointments, hospital stays and seizures he is on academic probation this semester. So that means, well you know what that means, he will not be allowed to apply for FAFSA this semester. My question to you all is how can I afford to pay ...
    Published about 4 years ago | Rated: +3
  • +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
  • -1

    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 to 8 and in the House by a vote of 257 to 167. President Obama is expected to sign the legislation into law. This legislation addresses some aspects of the ...
    Published over 1 year ago | Rated: -1
  • +3

    Do you really need Reasons to File Your FAFSA?

    Submitting your Free Application for Federal Student Aid (FAFSA) can be a complicated process. From digging through information on your family's assets to decoding income tax forms, filling out the FAFSA is a hassle, so why bother? Here are five reasons why it's worth it. 1. Federal Aid Do you want some of the more than $95 billion the federal government ...
    Published almost 6 years ago | Rated: +3
  • -243

    Congress Proposes Big Cuts in Pell Grants

    The Republican leadership of the US House of Representatives released a proposal to cut the maximum Pell Grant to $4,015 late on Friday, February 11, 2011. This proposal is part of a larger package of budget cuts that seek to cut spending by $100 billion for the remainder of the current fiscal year. Congress has not yet passed the fiscal year ...
    Published about 3 years ago | Rated: -243