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  • +13

    Options for a Family Denied Education Loans Due to Insufficient Income

    My daughter received some financial aid for her freshman year of college but we still had to take out a sizable loan for the rest. She applied for a loan her sophomore year and was denied because we have "insufficient income" to repay the debt. My husband is self-employed as a landscaper and it was a bad year. She was attending ...
    Published almost 4 years ago | Rated: +13
  • +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 over 5 years ago | Rated: +22
  • +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 over 7 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 over 5 years ago | Rated: +23
  • +7

    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 has student loan debt and is currently in repayment but not through IBR. I understand that if we continue to file our tax returns under Married Filing Jointly status my ...
    Published about 2 years ago | Rated: +7
  • +5

    How Should Divorced Parents Split a Child's College Costs?

    I am the custodial parent for my daughter who will go to college this fall. It will be her first year. My income was reported on the FAFSA. This included child support, although my ex-husband has recently stopped paying child support. Now the ex-husband wants access to half of the funds available through the FAFSA to use toward his half of ...
    Published over 3 years ago | Rated: +5
  • +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 over 3 years ago | Rated: +12
  • +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 over 5 years ago | Rated: +10
  • +27

    Why Should I Complete the FAFSA?

    Why Should I Complete the FAFSA?
    Let’s start with a little bit about what the FAFSA actually is. FAFSA stands for Free Application for Federal Student Aid; translation: it determines a student's eligibility for need-based federal financial aid for college, which may include grants, scholarships, work-study and loans. If eligible, it can really help you pay for school! The FAFSA for the 2014-2015 academic year is now ...
    Published 8 months ago | Rated: +27
  • +7

    How To Ask Friends and Family for Money for a Child's College Savings Plan

    In a Fastweb survey of high school and college students about preferred holiday gifts, more than half of the respondents said that they were hoping for money for college. But asking for money is awkward. It feels like begging. Most people are uncomfortable asking for money, even for a good purpose. Asking for gifts of money is taboo in the United ...
    Published over 3 years ago | Rated: +7
  • +4

    Paying the College Directly to Avoid Gift Taxes

    Under current IRS rules, a payment made directly to an educational institution to pay for the tuition of a student does not count as a gift to the student for gift tax purposes. For example, a grandparent can avoid gift taxes by writing a check to the college for their grandchild's tuition instead of giving the money to the student or ...
    Published almost 2 years ago | Rated: +4
  • +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 over 5 years ago | Rated: +27
  • +14

    How Does a Parent Enrolling in College Affect the Child's Financial Aid?

    My daughter is hoping to attend a private college next year. Of course, we will be applying for financial aid and as many scholarships as we can find! My husband works full time and I have always worked full time. In late February, I was temporarily laid off from my job. I should be returning to work on a part-time basis ...
    Published over 3 years ago | Rated: +14
  • +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 about 5 years ago | Rated: +21
  • +24

    The Best Schools for Financial Aid

    The Best Schools for Financial Aid
    You know that most schools offer financial aid assistance to students who need it, but have you ever wondered if some colleges offer more than others? Some do. These schools prove that it is possible to make educational funding readily available to their students. Here are the country’s top ten colleges for students looking for financial aid, according to The Princeton ...
    Published 11 months ago | Rated: +24
  • +27

    "Free Money" & Taxes

    "Free Money" & Taxes
    Do you know the difference between a scholarships, grant and fellowship? Are you aware of the tax statuses of scholarships, grant and fellowship funding? It’s important to know the differences between the types of award funding, along with any government regulations applied to student award funds. Luckily, the majority of scholarships, fellowships and grants have built-in stipulations that require the funds ...
    Published 12 months ago | Rated: +27
  • +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 about 6 years ago | Rated: +10
  • +7

    Options for a Student Whose Parents Refuse to Complete the FAFSA

    I have been financially independent from my parents since I was 19. I'm 23 now. I've been working two jobs and taking 12 hours in school. My school says that I cannot file a FAFSA without my parents' information. My parents will not give me their tax information or even fill it out online. I don't have the stamina to work ...
    Published over 4 years ago | Rated: +7
  • +6

    Does Consolidating Student Loans Save Money Like a Refinance?

    I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have graduated from college and will soon be starting to pay back my loans. My unsubsidized loans are at 6.8% and subsidized are at 5.5%. I also have many DEAL loans, ...
    Published over 3 years ago | Rated: +6
  • +13

    If I Stop Paying My Student Loans, Will the Default Yield a Reasonable Settlement?

    I would like to know what will happen if I stop paying my student loans. I have never been unemployed and don't plan to be, but my loan payments are over $700 a month and that is unreasonable (that's over half of my monthly salary). I have tried three different jobs since graduating in the hopes of making more money, but ...
    Published about 3 years ago | Rated: +13
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