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  • +19

    How to Evaluate Financial Aid Award Letters with Missing Tuition and Grant Information

    We have a dilemma here. My son has been accepted by five colleges: four public colleges and one private college. The private school is the only one that is showing us the "sticker price." The rest, while they have sent aid packages, are not firm on what their fees are for the upcoming fall semester or academic year. The deadline to ...
    Published over 3 years ago | Rated: +19
  • +7

    Does Parental Support Affect Independent Student Status?

    I am 19 and have a baby (1 month old) and I am living with my boyfriend and his mother. I am confused about whose tax information to use on the FAFSA. My boyfriend's mother is in Section 8 housing and put me in it and in her food stamps. — J.F. A student who has one or more dependent children ...
    Published almost 2 years ago | Rated: +7
  • +18

    How to Minimize Student Loan Debt

    How to Minimize Student Loan Debt
    This article discusses the need to minimize student loan debt and provides more than a dozen practical tips on ways to reduce borrowing for college costs. Try to avoid overborrowing for your college education. Do not treat loan limits as targets. A good rule of thumb is that your total education debt for your entire college education should be less than ...
    Published over 3 years ago | Rated: +18
  • +20

    Bi-Partisanship in the Name of Debt

    Bi-Partisanship in the Name of Debt
    Let’s start out with a riddle: What’s something the majority students have, but don’t want? Here’s a hint: the answer is as simple and, unfortunately, as American, as apple pie. The answer? Debt. Regardless of race, gender, ethnicity, sexual identity, political party (the list goes on and on), the majority of college graduates now have student debt – 58 percent, according ...
    Published about 1 year ago | Rated: +20
  • +9

    6 Ways to Beat Student Loan Debt

    6 Ways to Beat Student Loan Debt
    After college, recent graduates have to face finding a new job, a place to live and a way to reconcile their new salary with the realities of paying for basic living expenses. On top of that, 71% of recent graduates had student loan debt, according to the Project on Student Debt. Furthermore, the average amount of student loan debt per graduate ...
    Published 2 months ago | Rated: +9
  • +7

    Financial Aid for Graduate School: Your Credit History Affect and Types of Aid

    I recently decided to go back to school for a degree in software engineering. My short terms goal after school is to apply for a job with one of the top software application companies. My long term goal is to eventually start my own business specializing in creating custom apps for businesses and/or individuals. I am in debt from previous undergraduate ...
    Published over 2 years ago | Rated: +7
  • +5

    That Free Financial Aid Seminar May be Just a Worthless Sales Pitch

    From time to time I receive solicitations for free financial aid seminars that are really sales pitches for a product or service. I attend these seminars to monitor the information (and misinformation) that these seminars disseminate. The latest one was a bit different, in that it was affiliated with a national asset management and financial planning firm. It's not a very ...
    Published about 3 years ago | Rated: +5
  • +7

    Does Cash from the Sale of the Family Home Count as an Asset on the FAFSA?

    We just sold our house and have not yet found our new house and have a lot of cash on hand. We will use the cash to buy a home in the next couple of months. The cash is a false representation of our savings, but since we don't have a mortgage, it looks like we do. We need to keep ...
    Published almost 2 years ago | Rated: +7
  • +14

    How Do I Become Independent on the FAFSA If I Am Under Age 24?

    If my son applies for public assistance and does his own financial aid, will he be able to apply as independent next year? In addition, (assuming he's able to) would I be able to claim him on my income tax returns this year? He is 19 years old. My goal is to get him as much financial aid as possible. I ...
    Published over 3 years ago | Rated: +14
  • +8

    People Retiring with Student Loans May Save Money with Income-Based Repayment

    I'm 68 years old, have worked for the last thirteen years in a state psychiatric hospital and after consolidating all my loans, have never missed a payment to Direct Student Loan in the last ten years. My original paper work says that I will need to make payments until 2031, when I'll be 88. I would like to think about retiring ...
    Published about 3 years ago | Rated: +8
  • +7

    Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

    I have daughter who will be attending college in the fall of 2013 (and a son in 2017). For various reasons, our savings are not sufficient to pay for college given the current costs that I see. As home mortgage refinance rates have dropped to their lowest levels in my lifetime (around 3.75%), I had the notion of conducting a refinance ...
    Published over 2 years ago | Rated: +7
  • +4

    Government Report Reviews Private Student Loans and Recommends Statutory Changes

    The Consumer Financial Protection Bureau (CFPB) and the US Department of Education released a report to Congress about private student loans on July 20, 2012 as mandated by section 1077 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203, 7/21/2010). The report discusses the growth and changes in the private student loan marketplace, the use of private student ...
    Published over 2 years ago | Rated: +4
  • +8

    Rolling Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

    My son is heading to college this fall and I would like to use his savings bonds tax free, although the way I read the rules I think I cannot do it. Here is the story: All of the bonds were bought from 1994 through 2001 by various family members. All of the bonds have my son's name on the "TO" ...
    Published over 2 years ago | Rated: +8
  • +8

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"
    The Obama administration revealed the final design for a standardized financial aid award letter on July 24, 2012. This one-page financial aid "shopping sheet" will provide students and their families with clear and easy to understand information about college costs and financial aid. It will enable families to compare college costs and financial aid offers side by side, helping them make ...
    Published over 2 years ago | Rated: +8
  • +6

    Will Financial Aid Cover a Double Major?

    Please help me out with question. I am majoring in finance. I am thinking about pursuing a double-major in finance and real estate. I will have to take only 6 more classes than what I am supposed to take for my finance major. Will my financial aid cover the extra classes? — Jeffrey P. As noted in a previous Ask Kantro ...
    Published almost 2 years ago | Rated: +6
  • +20

    Money Saving New Year's Resolutions

    Money Saving New Year's Resolutions
    It's 2014 - the year of the horse has arrived! In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it! Here are some suggestions of resolutions you can take on ...
    Published 12 months ago | Rated: +20
  • +12

    Should I Work My Way Through College or Quit My Job to Enroll Full-Time?

    I am 26 and looking to start attending school full time this fall. I am also taking some summer classes at a community college to get all the credits I can before starting. I am also a transfer student with 37 credits from another school I went to right out of high school. I am currently married and am considering quitting ...
    Published over 3 years ago | Rated: +12
  • +6

    Why Does a Parent Qualify for More Financial Aid than Her Dependent Student Child When Both are in College?

    I am a 38-year-old wife and mother who decided to go to college 20 years out of high school. I am a student at an online college and receive financial aid myself. My son is a high school senior with a very small part time job at the local Burger King. He plans to attend an out-of-state college, however those plans ...
    Published almost 2 years ago | Rated: +6
  • +11

    5 Myths about Financial Aid

    5 Myths about Financial Aid
    Let’s be honest about something: financial aid is tricky, confusing and overwhelming. As is with all things complicated, it’s easy to see why students and parents alike believe everything they’re told about the process. Unfortunately, that means students are told a lot of “falsehoods.” One of the best things students and parents can do for their financial aid chances is to ...
    Published about 1 month ago | Rated: +11
  • +5

    Rolling US Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

    I read your article on rolling savings bonds into a 529 plan but I am still not sure of one thing. If we are over the income threshold for tax-free redemption, can we roll the bonds into the 529 and avoid paying taxes on the bonds? Then when we take deductions from the 529 to pay for qualified expenses do we ...
    Published over 2 years ago | Rated: +5
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