College Prowler $2000 No Essay Scholarship - Appy Now!

Financial Aid >> Browse Articles

Browse Expert Financial Aid Advice Articles

  • +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 about 1 year ago | Rated: +7
  • +7

    Does Adoption Affect an Orphan's Eligibility for Financial Aid?

    I am trying to advise two students whose mother died four years ago and their father died last week, unfortunately. The girls' grandmother is now taking care of them (a 9th and 10th grader) and we are concerned about the possible college financial ramifications. They are in the process of determining the Social Security benefits from their father's contributions. Once that ...
    Published 12 months ago | Rated: +7
  • +7

    US Department of Education Publishes College Cost and Net Price Rankings

    As required by Congress, the US Department of Education is now publishing lists that rank the most and least expensive colleges. Colleges are ranked according to tuition and fees as well as net price within each college type category. The US Department of Education is also publishing lists of colleges with the greatest increases in tuition and fees or net price. ...
    Published almost 3 years ago | Rated: +7
  • +7

    Is a Student with Children But No Income Considered to be Independent?

    I am under 24 years of age. I did not have any income the year before last. I have 2 children and live with a partner of 6 years. He is the father of my children. We are not married. He supported us on his income; my mother did not. I was a stay at home mom. My school is telling ...
    Published about 2 years ago | Rated: +7
  • +7

    How Will the Election Results Affect Student Financial Aid?

    President Obama was reelected on November 6, 2012, but control of Congress remains split. Republicans retained control of the House and Democrats retained control of the Senate. The Democrats may have gained two seats in the Senate, but they still do not have a supermajority. A supermajority (a three fifths majority) is required in the Senate to end a filibuster by ...
    Published over 1 year ago | Rated: +7
  • +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
  • +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 about 1 year ago | Rated: +6
  • +6

    Which 529 College Savings Plans are Reported on the FAFSA?

    On the FAFSA we listed the value of all three of our children's 529 plan accounts, not just our oldest son's 529 plan. There was no way to differentiate the amounts among the three children. Can we change this and enter only the amount of the oldest son's account since we won't be using the other two children's accounts to pay ...
    Published almost 4 years ago | Rated: +6
  • +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
  • +6

    Does Consolidating Student Loans Save Money Like a Refinance?

    I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have graduated from college and will soon be starting to pay back my loans. My unsubsidized loans are at 6.8% and subsidized are at 5.5%. I also have many DEAL loans, ...
    Published almost 3 years ago | Rated: +6
  • +6

    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 will receive more financial aid than I would if the other parent (with higher income) claimed me as a dependent? — Ilya S. Although you indicated that your parents are ...
    Published about 4 years ago | Rated: +6
  • +6

    Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

    The National Association of Consumer Bankruptcy Attorneys (NACBA) held a press conference on Tuesday, February 7, 2012 during which they called on Congress to allow federal and private student loans to be discharged in bankruptcy, to restore a reasonable statute of limitations on student loan collections and to improve oversight of private collection agencies. NACBA also released the results of a ...
    Published about 2 years ago | Rated: +6
  • +6

    Facing the Prospect of High Student Loan Debt at a Prestigious College

    I graduated from high school with honors in June and have been accepted to a prestigious private college, where I will be majoring in computer science and math. The college awarded me $31,000 in grants and scholarships, but I still need to come up with $20,000. I applied for a student loan with each of my parents and was declined, both ...
    Published almost 3 years ago | Rated: +6
  • +6

    When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

    If a student lives with a grandparent, is there any way the student can use the grandparent's income tax information on her FAFSA? I have lived with my grandmother for all 17 years of my life. My parents currently pay a small amount of child support to her, but that is the only financial support that I receive from them. My ...
    Published over 2 years ago | Rated: +6
  • +6

    How to Deal with a Defaulted But Paid-Off Student Loan that Reappears

    Years ago, I went to a two-year school and obtained my Associate's degree. I defaulted on the loan. However, my taxes were taken years later (twice) to take care of the loan. In 1995, I enrolled at a different college and was awarded the Pell Grant. I didn't take out any more loans. I paid the difference with a scholarship from ...
    Published about 2 years ago | Rated: +6
  • +6

    When Does Repayment Begin on a Subsidized Loan?

    When does a student have to start paying back a subsidized loan? — A.A. If the loan is a subsidized Stafford loan, repayment begins 6 months after graduating from college or dropping below half-time enrollment status. If the loan is a Perkins loan, repayment begins 9 months after graduating from college or dropping below half-time enrollment status. The 6 or 9 ...
    Published over 2 years ago | Rated: +6
  • +6

    Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

    I have two questions which I assume you've been asked a million times and I just want to make sure I'm understanding the write-ups about them correctly. We have a regular UGMA/UTMA savings account for our daughter where we are the custodian. In the FAFSA application, should this be entered under the student or the parent? Am I assuming correctly that ...
    Published about 2 years ago | Rated: +6
  • +6

    Does the Cash from a Cash-Out Refinance Count as an Asset on the FAFSA?

    My daughter is a high school junior. I have just refinanced with cash out for a home remodel to accommodate my aging parents. However the remodel is delayed and the money is still in our account. The remodel should be completed and the money spent by the time my daughter starts her senior year. Will this money be counted as asset ...
    Published over 1 year ago | Rated: +6
  • +6

    Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

    The U.S. House of Representatives and U.S. Senate are considering proposals to cut student financial aid in the FY2012 federal education budget. Rep. Denny Rehberg (R-MT), chairman of the House Appropriations subcommittee with oversight over education spending, released draft legislation (H.R. 3070) on Friday, September 30, 2011, which includes several changes to student financial aid for college. The legislation was referred ...
    Published over 2 years ago | Rated: +6
  • +6

    Repayment Begins for Students Who Graduated in May and June

    Students who graduated in May or June are nearing the end of the six-month grace period. The first monthly loan payment is usually due in November or December. Don't Be Delinquent Unfortunately, about a third of borrowers are late with the first payment on their federal student loans. This is called a delinquency. There are a variety of reasons why students ...
    Published over 2 years ago | Rated: +6