Financial Aid >> Browse Articles

Browse Expert Financial Aid Advice Articles

  • +9

    Questions about Assets and the Free Application for Federal Student Aid (FAFSA)

    There are many college financial planners in my area who claim to be able to help us "legally and ethically" reposition our assets to lower our expected family contribution (EFC) and save us thousands of dollars per year in college costs. Are there really such secrets out there that will help us that much? — Larry C. Less than 4% of ...
    Published almost 5 years ago | Rated: +9
  • +10

    Questions about Obtaining and Repaying Student Loans

    How will my credit score effect my ability to get the funding I need for graduate school? If my credit is not great, will I be able to get the loans I need to cover my college costs? — Katy C. The federal Stafford loan does not depend on your credit history. As a graduate student you will be able to ...
    Published about 5 years ago | Rated: +10
  • +8

    FAFSA Questions Concerning Assets and Legal Guardianships

    I am an incoming freshman in college and my single mom is worried about the Free Application for Federal Student Aid (FAFSA). We recently sold our house and are currently living in a rented apartment. The money from selling the house is in her savings account. We are currently looking for a new house. My mom is worried that if we ...
    Published about 5 years ago | Rated: +8
  • +5

    When should you apply for scholarships and financial aid?

    My son will be applying to colleges this fall since he is a high school senior. Should he wait until he is accepted into a college before applying for scholarships? — Bryan R. Your son should start searching for scholarships as soon as possible. There are scholarships with deadlines in every month of the year (more in the fall and spring ...
    Published about 5 years ago | Rated: +5
  • +24

    College Choices in a Down Economy

    College Choices in a Down Economy
    Fastweb partnered with Maguire Associates, a firm that specializes in market research, analysis and predictive modeling for colleges and universities, to evaluate the impact of the economy on college choices by high school seniors and their parents. Initial surveys were sent in February and March 2009 to identify the initial selection of colleges. Follow-up surveys were sent in May 2009 to ...
    Published about 5 years ago | Rated: +24
  • +7

    How do retirement funds affect student aid eligibility?

    How do parent contributions to 401(k) or IRA retirement plans affect financial aid eligibility? — Stephen C. The federal need analysis methodology considers both income (taxable and untaxed) and assets that are reported on the Free Application for Federal Student Aid (FAFSA). Money in qualified retirement plans, such as a 401(k), 403(b), IRA, pension, SEP, SIMPLE, Keogh and certain annuities, is ...
    Published about 5 years ago | Rated: +7
  • +7

    Time to panic about prepaid tuition plans?

    Time to panic about prepaid tuition plans?
    The New York Times reported on October 5, 2009 that 16 of the 18 state prepaid tuition plans are facing funding shortfalls because of a combination of stock market losses and increases in tuition at public colleges. Only five state plans are backed by the full faith and credit of the state. While the other states will be under political pressure ...
    Published about 5 years ago | Rated: +7
  • +7

    Can I Get a New Financial Aid Package if My Mom Lost Her Job?

    I am in my third semester and have already received my financial aid for this semester; however, our financial circumstances have dramatically changed. My mother was laid off as of the first of August and my father has been found to have cancer and will be off work well into next year with treatments. Is there a way to amend the ...
    Published about 5 years ago | Rated: +7
  • Rate

    Income and Financial Aid Eligibility

    In general, with the student not working and in a home with mom and dad both working, what is the maximum income they can earn and still qualify for financial aid? — Tracee N. Federal student aid is awarded based on the student and parent income and assets, household size, number of children in college and a variety of other factors. ...
    Published about 5 years ago | Rate This
  • +10

    How does divorce affect eligibility for student financial aid?

    I am currently a single parent with a daughter receiving financial aid. However, I plan to marry and am curious how that affects my child’s financial aid. Will his income be considered when completing the FAFSA next year even if we don’t share financial responsibility for her or commingle our bank accounts? — Terri S. If a dependent student's custodial parent ...
    Published about 5 years ago | Rated: +10
  • +11

    Student Aid and Scholarships for Second Degree Students

    I am thinking about going back to school to get a second bachelors degree. Because I already have a B.A. degree, it seems that I am not able to receive any aid other than student loans. Is this true or am I missing something? — Josh S. Student with a prior Bachelor's degree are ineligible for the Pell Grant, Academic Competitiveness ...
    Published about 5 years ago | Rated: +11
  • +4

    How does bankruptcy affect PLUS loan eligibility?

    I applied for a Parent PLUS loan for my son's education starting this fall. I was turned down due to filing chapter 7 four years ago this October. They said I would not be able to get funds until October of 2010. My lawyer, who helped me file chapter 7 said that he believed this was discrimination and not allowed. Is ...
    Published about 5 years ago | Rated: +4
  • +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
  • +12

    How does job loss affect federal student financial aid?

    When I turned in my FAFSA my parents were making a lot more money than they are now. Both my parents were working full time, but now my mom is the only one working for minimum wage, with my dad jobless. Is there anything I can do at this time to change my FAFSA? — Sam W. Call or write the ...
    Published about 5 years ago | Rated: +12
  • +2

    Survey Says: Financial Considerations Affecting College Choices

    Sallie Mae and Gallup just released the results of a survey of how American families pay for college. The survey found that families are becoming more cost conscious in their college choices. Nevertheless, the majority of families still see college as a necessary and worthwhile investment in their children's future. Students from higher income families were more likely to enroll at ...
    Published about 5 years ago | Rated: +2
  • +12

    Got a Burning Financial Aid Question? Ask the Expert!

    Wondering how to maximize your financial aid package? Got a specific student aid question you can't find the answer to? No matter what is its, if you've got a financial aid question, "Kantro" has the answer. Mark Kantrowitz is one of the top financial aid experts in the country and he's answering YOUR questions, here on FastWeb! Nationally recognized and often ...
    Published about 5 years ago | Rated: +12
  • +250

    Would Forgiving Student Loans Stimulate the Economy?

    Would Forgiving Student Loans Stimulate the Economy?
    Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy. Most noteworthy is the group Cancel Student Loan Debt to Stimulate the Economy (see also www.forgivestudentloandebt.com) founded by Robert Applebaum, a New York attorney. This group has grown to have more than 220,000 ...
    Published about 5 years ago | Rated: +250
  • -1

    Is tuition refund insurance worthwhile?

    College is a big investment, as expensive as buying an automobile or a house. You insure your car and your home, why not insure your child's college education? Tuition refund insurance provides a full or partial refund of college costs -- including tuition, fees, room and board -- in the event your child is forced to withdraw midway through the school ...
    Published about 5 years ago | Rated: -1
  • +204

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs
    The US House of Representatives is considering legislation to overhaul the federal education loan and grant programs. The Student Aid and Fiscal Responsibility Act of 2009, nicknamed SAFRA, will increase funding for federal student aid programs and simplify the Free Application for Federal Student Aid. These changes will implement several of President Obama's campaign promises. Switch to 100% Direct Lending Starting ...
    Published over 5 years ago | Rated: +204
  • +10

    First Steps Toward Simplifying the FAFSA

    First Steps Toward Simplifying the FAFSA
    Student aid policy experts have argued for years that the Free Application for Federal Student Aid (FAFSA) is too long and too complicated. The FAFSA form is a source of confusion and frustration for many families. The policy experts have proven that the current process of applying for financial aid is itself a problem that prevents millions of students from applying ...
    Published over 5 years ago | Rated: +10
Join Fastweb for FREE