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  • +13

    How Do You Calculate Individual Income From a Joint Return for the FAFSA When the Parents Are Separated?

    In your answer to How Does Income Tax Filing Status Affect Student Aid?, you address the question of which parent is responsible for completing the FAFSA. However, I'm very curious as to how the filing status of separated parents affects how the FAFSA is processed, once the primary/custodial parent has completed it. That is, is it more advantageous for separated parents ...
    Published over 3 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
  • -998

    President Obama Proposes Cuts in Aid Programs to Preserve Pell Grant

    President Obama is proposing to cut some student aid programs to maintain the maximum Pell Grant at $5,550 in 2011-12 as part of the FY2012 federal budget request. This comes after the House Republican leadership proposed cutting the maximum Pell Grant by $845 on Friday. The Pell Grant program has a $20 billion funding shortfall due to large increases in the ...
    Published over 3 years ago | Rated: -998
  • +24

    Is an Emancipated Child Considered an Independent Student?

    I am a single parent of three children. One is a junior in college, the middle child will be attending college next year. I have always completed the FAFSA for my oldest daughter, claiming her as my dependent. Her father and and I have split the cost of out-of-pocket expenses. This past year, however, her father took me back to court ...
    Published over 3 years ago | Rated: +24
  • -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 over 3 years ago | Rated: -243
  • +13

    When is a Stepparent or Adoptive Parent's Income Reported on the FAFSA?

    My daughter's father and I are divorced and I have remarried. Neither my previous nor my new husband are contributing toward my daughter's education, so I am paying all of the expenses myself. How can I show that in my taxes and on the FAFSA so the aid calculations are not made using twice the income that is actually being applied ...
    Published over 3 years ago | Rated: +13
  • +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
  • +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 over 3 years ago | Rated: +22
  • +7

    Ask for a Professional Judgment Review for Job Loss or Other Changes in Income

    I lost my teaching job last June and got a half year's salary instead of a full year. I did not get a job in the fall, so our household income was operating on half of my income. My husband's work status is the same, so we are at three-quarters. This year I do not have a job. Is there any ...
    Published over 3 years ago | Rated: +7
  • +24

    How Do I File the FAFSA in January When Tax Returns Can't Be Filed That Early?

    Several universities that we have visited have stressed the importance of getting you FAFSA completed in January. If we don't have all of our financial and tax information yet, how can we complete the application that early? — Claudia G. The Free Application for Federal Student Aid (FAFSA) should be submitted as soon as possible after January 1. While the federal ...
    Published over 3 years ago | Rated: +24
  • +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 over 3 years ago | Rated: +11
  • +10

    Illinois State Agency Proposes Bond to Fund Increases in the State's College Grant Program

    The Illinois Student Assistance Commission (ISAC) is proposing to issue 10-year taxable revenue notes or bonds to increase funding for the state's college grant program. The bonds would provide $100 million a year in additional funding for the MAP grant program on top of current state appropriations of $405 million. This would increase the number of recipients to as many as ...
    Published over 3 years ago | Rated: +10
  • +7

    Drowning in Six-Figure Debt for a Low-Paying Field of Study

    I am going to be attending a New York university this spring as a music major. My ultimate goal is to get a doctorate of ethnomusicology and to teach at a university while also completing fieldwork research. My loan debt will be very high (at least $100,000). Do you know how to attempt to get a high-paying college job right out ...
    Published over 3 years ago | Rated: +7
  • +5

    Wells Fargo Adds Death and Disability Discharges to Private Student Loans

    Wells Fargo announced on December 17, 2010 that it is adding death and disability discharges to its private student loan products. When the student borrower dies or becomes totally and permanently disabled, the remaining debt will be discharged. This new policy applies to all Wells Fargo private student loans, including loans with a cosigner. Total and permanent disability is defined as ...
    Published over 3 years ago | Rated: +5
  • +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 over 3 years ago | Rated: +13
  • +8

    Tips for Evaluating Financial Aid Award Letters

    Financial aid award letters provide college students with information about college costs and the types and amount of financial aid the student will receive. Families rely on the financial aid award letters to help them understand college costs and compare costs among different colleges. But financial aid award letters can sometimes be confusing. Fastweb surveyed about 580,000 college freshmen and sophomores ...
    Published over 3 years ago | Rated: +8
  • +7

    Does Financial Aid Cover Room and Board in Addition to Tuition and Fees?

    I am currently a senior at a high school. If I want to dorm at a private university, which adds $10,000 more to the $40,000 tuition, do the universities take into account the financial aid as a whole thing with tuition and room and board, or do they just give financial aid for the tuition? To simplify this, my total costs ...
    Published over 3 years ago | Rated: +7
  • +28

    Changes to the 2011-2012 FAFSA

    Changes to the 2011-2012 FAFSA
    It’s December 1st, which has us thinking about the FAFSA already. The FAFSA stands for Free Application for Federal Student Aid and is made available every January 1st to potential and current college and graduate students. It’s the document that decides your need for student aid—not unlike the way your mother decided your fate when she picked your outfit for third ...
    Published over 3 years ago | Rated: +28
  • +6

    Financial Aid for a Student Returning to College for Retraining in a New Career

    My wife is looking to go back to school for a new career. But I'm pretty lost as to how to help her with all this financial aid stuff. Can you help me to get started, or at least point me in the right direction? — Skyler G. Most of the answer to the first question in last week's Ask Kantro ...
    Published over 3 years ago | Rated: +6
  • +24

    Answers to Introductory Questions about Financial Aid for College

    I am a high school junior and an Upward Bound scholar. I do not have any way to pay for college and I really want to attend. How do I apply for financial aid? What are the requirements? Do I have to pay for anything? What advice do you have for me if I do receive financial aid? — Alexis M. ...
    Published over 3 years ago | Rated: +24
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