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Browse Financial Aid Articles

  • +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 almost 5 years ago | Rated: +7
  • +13

    How Do Parent Financial Problems Affect a Student's Eligibility for Financial Aid?

    We the parents screwed up financially and had to file for bankruptcy and are in a Chapter 13 repayment program. The FAFSA thinks according to their estimator that we can afford to pay $10,000 a year (parent contribution) but there is no way. There is no provision for us to show that $1,500 a month goes to courts. (That's $18,000 a ...
    Published about 4 years ago | Rated: +13
  • +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
  • +13

    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 almost 4 years ago | Rated: +13
  • +26

    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 over 1 year ago | Rated: +26
  • +7

    Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

    We married in January of last year, after my husband graduated with a Master's degree in December. His loans total $65,000 and he earned $20,000 last year. I graduated in May with a doctorate in physical therapy and $175,000 in debt. My income last year was $33,000. Our combined AGI was $53,000. For our federal loans we want income-based repayment. But ...
    Published almost 3 years ago | Rated: +7
  • +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
  • +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
  • +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 6 years ago | Rated: +22
  • +14

    What are Your Options When Your Parents Refuse to File the FAFSA?

    What are Your Options When Your Parents Refuse to File the FAFSA?
    I am hoping you can help me with my FAFSA issue. I am 16 and a senior this year in high school, so I plan on attending a university in the fall. However, my dream college is a private university and is extremely expensive. My parents refuse to help pay a dime towards furthering my education — they believe college isn't ...
    Published 17 days ago | Rated: +14
  • +28

    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 6 years ago | Rated: +28
  • +3

    Should Married Borrowers File Joint or Separate Federal Income Tax Returns with Income-Based Repayment?

    I have a question about a joint consolidation loan and income-based repayment (IBR). My wife and I consolidated our loans jointly about 10 years ago (when such things were allowed). My name is at the top of the loan. My wife and I both individually had about $70,000 in loans and our joint loan was $140,000. It is currently at about ...
    Published over 2 years ago | Rated: +3
  • +3

    Do You Really Need Reasons to File Your FAFSA?

    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 16 days ago | Rated: +3
  • +33

    9 Ways to Pay Off Student Debt

    9 Ways to Pay Off Student Debt
    Do you feel like you’re drowning in debt? Many students feel like they’re never going to get out of the debt cycle. In fact, according to an annual Project on Student Debt report just released from the Institute for College Access & Success (TICAS), “Seven in 10 college seniors (71%) who graduated last year had student loan debt, with an average ...
    Published 9 months ago | Rated: +33
  • +5

    How Do I Roll Over US Savings Bonds into a 529 College Savings Plan?

    I have several thousands of dollars in Series EE savings bonds (issued from 1988 through 1992). I know that you can use the bonds relatively tax free if cashed and used for qualified educational expenses, which includes contributions to a qualified tuition program such as a 529 college savings plan. If so, what is the process for doing this? — A.J.K. ...
    Published almost 3 years ago | Rated: +5
  • +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 6 years ago | Rated: +10
  • +11

    Are "Dual Enrollment" Students Considered College Students on the FAFSA?

    Families should file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov as soon as possible after January 1. While the federal government accepts the FAFSA as late as June 30 of the following year, several states have deadlines as early as February or March. Some state funding is awarded on a first come, first served basis, with state grants ...
    Published about 4 years ago | Rated: +11
  • +8

    Help for Retired Parents Repaying Parent PLUS Loans on Fixed Income

    Help!!! My Parent PLUS loans are presently in a forbearance that will end in a few months. My expected installment payments are more than my monthly income. I am retired and my husband is on disability retirement. We have another son presently attending college. What options are available to me (if any)? Do I ask for an extended repayment, or continue ...
    Published over 4 years ago | Rated: +8
  • +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 5 years ago | Rated: +21
  • +27

    Your 2015-2016 Financial Aid Deadlines

    Your 2015-2016 Financial Aid Deadlines
    Not sure when your financial aid applications are due? Deadlines can vary by state, but the federal financial aid application deadline is the same for everyone: June 30, 2016. Need your state's deadline? Don't worry! We've got you covered with a complete list of financial aid deadlines, state-by-state, for the 2015-2016 academic year. Before you check out the list, read the ...
    Published 23 days ago | Rated: +27
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