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What Can You Do If Your Parents Won't File the FAFSA or Help Pay for College?

What Can You Do If Your Parents Won't File the FAFSA or Help Pay for College?

I am in kind of a bad situation. I had a bit of personal problems and had to move out of my house and no longer live with my parents. Unfortunately ...

Mark Kantrowitz
Published May 14, 2010
Do Outstanding Loans Affect Eligibility for Financial Aid?

Do Outstanding Loans Affect Eligibility for Financial Aid?

How do outstanding loans affect future financial aid awards for my children? Is there any advantage to trying to pay them back early (other than less interest)? Are they counted towards ...

Mark Kantrowitz
Published May 10, 2010
How to Choose the Best Education Loans

How to Choose the Best Education Loans

Know your student loan options before you borrow.

Mark Kantrowitz
Published April 30, 2010
When Grandma Moves In, Does It Help or Hurt Financial Aid Eligibility?

When Grandma Moves In, Does It Help or Hurt Financial Aid Eligibility?

Grandma is moving in with her Social Security check. Does this help or hurt my FAFSA results? Does her Social Security check count towards my parents' income on the FAFSA? — ...

Mark Kantrowitz
Published April 26, 2010
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 ...

Mark Kantrowitz
Published April 22, 2010
Education Lender Agrees to Pay Borrowers $9.75 Million in Class-Action Lawsuit Settlement

Education Lender Agrees to Pay Borrowers $9.75 Million in Class-Action Lawsuit Settlement

If you borrowed federal student loans from NorthStar Education Finance, you may get a small refund as part of a class action settlement concerning NorthStar Education Finance's suspension of its T.H.E. ...

Mark Kantrowitz
Published April 21, 2010
Questions about retirement plan contributions and help for a student whose brother has cancer

Questions about retirement plan contributions and help for a student whose brother has cancer

We are a family of 4 with gross income of about $58,000. With IRA and 401(k) contributions and pretax health care deductions our AGI is about $47,000. Would it benefit us ...

Mark Kantrowitz
Published April 19, 2010
Questions about the Health Care and Education Reconciliation Act of 2010

Questions about the Health Care and Education Reconciliation Act of 2010

If you have already graduated from college, will you be affected by the new changes to student loans in the health care bill? — Lauren A. No. None of the changes ...

Mark Kantrowitz
Published April 12, 2010
Treatment of Grandparent Assets Held by a Parent on the FAFSA

Treatment of Grandparent Assets Held by a Parent on the FAFSA

I am completing the FAFSA for my son and daughter. My Mom is elderly and has put my name as secondary on her accounts. Do I have to report the money ...

Mark Kantrowitz
Published April 5, 2010
Answers to Common FAFSA Questions about PINs and Household Size

Answers to Common FAFSA Questions about PINs and Household Size

Get the FAQs on the FAFSA.

Mark Kantrowitz
Published March 25, 2010
Choosing an Education Loan

Choosing an Education Loan

The cost of an education loan is usually the most important criterion.

Mark Kantrowitz
Published March 23, 2010
How Will The Student Loan Bill Affect Students?

How Will The Student Loan Bill Affect Students?

The US House of Representatives approved the student loan and health care reform legislation on Sunday night, March 21, 2010, by a vote of 220 to 211. No Republicans voted in ...

Mark Kantrowitz
Published March 23, 2010
How Does Income Tax Filing Status Affect Student Aid?

How Does Income Tax Filing Status Affect Student Aid?

My married parents want to file their income tax returns as married filing separately. If the parent with the lower income claims me as a dependent, does that mean that I ...

Mark Kantrowitz
Published March 22, 2010
How to Report Stocks on the FAFSA

How to Report Stocks on the FAFSA

I am a single mom and my son will be entering his freshman year in college this fall. The FAFSA application asks for the gross income from last year's tax return. ...

Mark Kantrowitz
Published March 15, 2010
College Board Simplifies CSS/Financial Aid PROFILE Form

College Board Simplifies CSS/Financial Aid PROFILE Form

While the US Department of Education is working on simplifying the Free Application for Federal Student Aid (FAFSA), the College Board has already been taking similar steps toward simplifying the CSS/Financial ...

Mark Kantrowitz
Published March 10, 2010
Death and Disability May Now Get You Out of Paying Loans

Death and Disability May Now Get You Out of Paying Loans

According to a press release from Securian Financial Group, Sallie Mae is adding a total and permanent disability discharge on its Smart Option private student loan. This discharge will forgive the ...

Mark Kantrowitz
Published March 8, 2010
Short Answers to A Few Common FAFSA Questions

Short Answers to A Few Common FAFSA Questions

Does checking the Federal Work Study box on the FAFSA affect other forms of financial aid that a college might award, such as scholarships or other government aid? Is it wise ...

Mark Kantrowitz
Published March 7, 2010
Options for a Student Whose Parents Refuse to Complete the FAFSA

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 ...

Mark Kantrowitz
Published March 1, 2010
Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ...

Mark Kantrowitz
Published February 22, 2010
Questions about Net Assets and Changes in Marital Status

Questions about Net Assets and Changes in Marital Status

On the asset section of the FAFSA form if you have $100,000 in stocks but also have a $75,000 margin loan balance would you net this out and put down $25,000 ...

Mark Kantrowitz
Published February 15, 2010