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  • +20

    College Credit Cards Cut by Credit CARD Act

    College Credit Cards Cut by Credit CARD Act
    Need a credit card? It will soon become a lot more difficult to get one. College students who want a credit card but are under age 21 will need to have a cosigner, such as a parent or other adult who is at least 21 years old. College students can also get a credit card without a cosigner if they can ...
    Published over 4 years ago | Rated: +20
  • +20

    Tuition and Fees Deduction

    The Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction for Tuition Expenses or as the Torricelli Deduction. This deduction may be taken even if the taxpayer does not itemize. The deduction is currently set to expire at the end ...
    Published about 5 years ago | Rated: +20
  • +19

    Avoiding the Average...

    Avoiding the Average...
    ...When It Comes to Your Student Debt So, what’s the deal with debt these days? Well, a lot actually. And, unfortunately, it’s not good news. According to a recent report released by the Institute for College Access & Success’ Project on Student Debt, which also appeared on CNNMoney, the average debt for a student in the class of 2012 was $29,400. ...
    Published 8 months ago | Rated: +19
  • +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
  • +19

    The Horrors of Defaulting on Education Debt

    The Horrors of Defaulting on Education Debt
    This is a cautionary tale of the consequences of defaulting on education debt, based on the experiences of seven borrowers of federal and private student loans. The stories are all true, but names and inconsequential details have been changed to protect the borrowers. Education debt is a necessary evil. Most students graduate from college with debt. For example, seven out of ...
    Published over 4 years ago | Rated: +19
  • +19

    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 7 months ago | Rated: +19
  • +19

    Should Parents Transfer College Savings from an UTMA Account to a 529 Plan?

    My twin daughters will be entering college in the fall. We have saved for their college education over the last 17 years. Presently the savings are held in two accounts each: a custodial account under the Uniform Transfer to Minor Act (UTMA) and in a Coverdell Education IRA account. I recently read that in connection with evaluating any possible financial aid ...
    Published almost 4 years ago | Rated: +19
  • +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
  • +18

    Consequences for Student Financial Aid If Congress Doesn't Raise the Debt Ceiling

    The game of chicken being played out in Washington, DC, may have serious consequences for student financial aid as well as the rest of the economy. Congress and the White House are fighting over raising the debt ceiling, which caps the amount the federal government can borrow to pay its bills. The current debt ceiling is set at $14.294 trillion. The ...
    Published about 3 years ago | Rated: +18
  • +18

    Congressman Hansen Clarke Proposes Student Loan Relief Legislation

    Congressman Hansen Clarke Proposes Student Loan Relief Legislation
    Rep. Hansen Clarke (D-MI-13) introduced the Student Loan Forgiveness Act of 2012 (H.R. 4170) on March 8, 2012. If enacted, this legislation will provide student loan forgiveness for federal education loans, allow private student loans to be refinanced into federal direct consolidation loans and cap all federal student loan interest rates at 3.4%. This legislation would address some of the calls ...
    Published over 2 years ago | Rated: +18
  • +17

    How to Include Yourself on Your Teen's FAFSA if You're Enrolled Too

    How should a FAFSA be filled out if I have two children going to college and I am enrolling in a graduate program? When it asks how many are attending college it says do not include parents. How do they know that I am also attending college? — Vicki Y. I am a single parent in college and my daughter is ...
    Published over 4 years ago | Rated: +17
  • +17

    Total College Debt Now Exceeds Total Credit Card Debt

    Total College Debt Now Exceeds Total Credit Card Debt
    As of June 2010, total student loan debt passed total credit card debt for the first time. According to the Federal Reserve's statistical release, G.19 Consumer Credit, the seasonally adjusted revolving credit totaled $826.5 billion as of June 2010. As much as 98% of revolving credit is credit card debt. Student loan debt outstanding totaled at least $830 billion as of ...
    Published almost 4 years ago | Rated: +17
  • +17

    Choose a Cheaper In-State Public College to Cut College Costs

    I am a 17-year-old high school senior applying to colleges. I wish to apply to certain private institutions where the tuition is over 45K. I am doing my best applying for scholarships, but have not heard back from anyone yet. I do not think that my parents qualify for financial aid, they are upper middle class earners. They cannot afford to ...
    Published almost 4 years ago | Rated: +17
  • +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
  • +17

    Employer Tuition Assistance

    Employer Tuition Assistance
    Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, books, supplies, and equipment. In certain circumstances payments above $5,250 may also be tax-free. About one-twelfth of undergraduate students and one-fifth of graduate students (two-fifths of MBA students) receive employer ...
    Published about 5 years ago | Rated: +17
  • +16

    What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

    I am 26 years old and would like to go back to college. I have $12,000 in student loans which are currently in administrative wage garnishment. I make $27,000 a year and would like to get my loans back in good standing. I have called the collection agency in charge of my loan and they insist on me paying $120 extra ...
    Published almost 4 years ago | Rated: +16
  • +16

    Top Ten Myths About Scholarships

    Top Ten Myths About Scholarships
    There are many myths about who wins private scholarships and the benefits of winning scholarships. These myths can be harmful if they give students and their families unrealistic expectations about their ability to win scholarships. Some myths cause students to underestimate their eligibility for scholarships, discouraging them from applying for scholarships. Other myths cause students and parents to overestimate their eligibility ...
    Published almost 3 years ago | Rated: +16
  • +15

    Student Debt Guide: Saving and Investing Money

    Student Debt Guide: Saving and Investing Money
    Nobody ever said being an adult was easy and knowing how to save and invest properly is not exception to the rule. But, who better to advise you on saving and investing money than Mark Kantrowitz, a nationally recognized finance guru? Here are tips, right from the expert, on how to save and invest like a pro. [gate] • Save for ...
    Published over 1 year ago | Rated: +15
  • +14

    President Obama Proposes Student Aid Increases in State of the Union Address

    President Obama Proposes Student Aid Increases in State of the Union Address
    In the state of the union address on Tuesday, January 24, 2012, President Obama proposed several increases in student aid spending. The first two proposals call for Congress to extend existing student aid programs that are scheduled to expire this year. Stop the pending increase in student loan interest rates. The College Cost Reduction and Access Act of 2007 enacted a ...
    Published over 2 years ago | Rated: +14
  • +14

    What are Your Options When Your Parents Refuse to File the FAFSA?

    I am hoping you can help me with my FAFSA issue. I am 16 and a senior this year in high school, so I plan on attending a university in the fall. However, my dream college is a private university and is extremely expensive. My parents refuse to help pay a dime towards furthering my education — they believe college isn't ...
    Published about 4 years ago | Rated: +14
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