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  • +12

    Will Delaying a Bankruptcy Filing Affect Eligibility for Student Aid?

    My son is a senior in high school this year. I might have to file for bankruptcy. Should I file this year or wait until next year to file? — Rich N. Filing for bankruptcy will affect your eligibility for the Parent PLUS loan and your ability to cosign or borrow a private student loan. It will not otherwise affect your ...
    Published over 3 years ago | Rated: +12
  • +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 almost 3 years ago | Rated: +12
  • +12

    Is a Student Who is Enrolled Simultaneously in High School and College Eligible for Federal Student Financial Aid?

    My 16-year-old son has passed an ability-to-benefit (ATB) test at a community college. He has been accepted has a regular student in a qualifying program but has not graduated from high school. The college is denying him the Federal Pell Grant because they are stating that he is enrolled in high school. My position is that in Florida he has passed ...
    Published almost 3 years ago | Rated: +12
  • +12

    Why Do Students Drop Out of College?

    A study funded by the Bill and Melinda Gates Foundation found that the main reason why students drop out of college is the conflict between school and work and family commitments. The study, With Their Whole Lives Ahead of Them, was conducted by Public Agenda, a nonprofit and nonpartisan public policy research organization. Many students who drop out of college have ...
    Published over 4 years ago | Rated: +12
  • +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 over 4 years ago | Rated: +12
  • +11

    Congress Passes One-Year Interest Rate Freeze

    Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with strong bipartisan support, keeps the interest rate at 3.4 percent for new loans in 2012-13, instead of allowing it to revert to 6.8 percent. The Student Loan Interest Rate Extension ...
    Published almost 2 years ago | Rated: +11
  • +11

    Tips for a Teacher on Managing Excessive Debt

    I have a dire question that needs urgent results. I took out a loan in college (undergraduate). I was foolish and took out the maximum loan amount that I could each time. Upon graduating, I moved to another state and began my teaching career. In the beginning years it was hard for me to make payments and I made bad choices ...
    Published over 3 years ago | Rated: +11
  • +11

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

    Having grown up with depression era parents, I've never been someone that liked to have debt. I'm told that avoiding debt will not work in my favor when applying for financial aid for my son's education. What should I know and is there something I should do to improve my odds of getting what other typically debt-ridden families in our tax ...
    Published over 4 years ago | Rated: +11
  • +11

    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 loan if the primary borrower becomes totally and permanently disabled. In addition, Sallie Mae will cancel the Smart Option private student loan if the primary borrower dies. Securian Financial Group ...
    Published about 4 years ago | Rated: +11
  • +11

    Are "Dual Enrollment" Students Considered College Students on the FAFSA?

    Families should file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov as soon as possible after January 1. While the federal government accepts the FAFSA as late as June 30 of the following year, several states have deadlines as early as February or March. Some state funding is awarded on a first come, first served basis, with state grants ...
    Published over 3 years ago | Rated: +11
  • +11

    Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

    Congress passed the Budget Control Act of 2011 on Tuesday, August 2, 2011, raising the debt ceiling at the last minute. The debt deal cuts some student loan benefits, especially for graduate and professional students, but avoids a more severe cut in government grants for undergraduate students. The Budget Control Act of 2011 passed the US House of Representatives by a ...
    Published over 2 years ago | Rated: +11
  • +11

    Dealing with the Debt Deal and Downgrade: Practical Tips for Students and their Families

    Title: Dealing with the Debt Deal and Downgrade: Practical Tips for Students and their Families Standard & Poor's (S&P) downgraded US long-term debt one notch from AAA to AA+ after the stock market closed on Friday, August 5, 2011. This is the first time the United States has lost its AAA rating. The downgrade triggered a panic sell-off when the ...
    Published over 2 years ago | Rated: +11
  • +11

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners

    Some Scholarship Sponsors Review the Online Presence of Finalists When Selecting Winners
    Your Facebook profile may cause you to lose a scholarship. It can also help you win a scholarship. According to a recent survey of scholarship-granting organizations, about a quarter of scholarship providers evaluate the online presence of finalists before selecting which students will win scholarships. These scholarship sponsors use web search sites like Google and social media web sites like Facebook, ...
    Published about 2 years ago | Rated: +11
  • +11

    What types of student aid are available for a second Bachelor's degree?

    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 over 4 years ago | Rated: +11
  • +11

    How to Choose the Best Education Loans

    With the new Obama tuition plan do you now have to go through FAFSA to get a loan? Is it better to take a loan out in my child's name or take a parent PLUS loan? — Michelle A. As of July 1, 2010, all federal education loans are now made through the Direct Loan program. This includes federal student loans, ...
    Published almost 4 years ago | Rated: +11
  • +11

    Pros and Cons of Using Retirement Funds to Pay for College Costs

    Why should one NOT use retirement funds to pay for a child's college costs? — Diane H. There are two main reasons why families shouldn't use retirement plan funds to pay for college. The first reason is the financial impact of taking a distribution from a retirement plan to pay for college. The financial impact includes both the tax liability and ...
    Published over 2 years ago | Rated: +11
  • +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 almost 5 years ago | Rated: +10
  • +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 over 4 years ago | Rated: +10
  • +10

    Senator Al Franken Introduces Legislation to Standardize Financial Aid Award Letters

    Senator Al Franken (D-MN) introduced the Understanding the True Cost of College Act (S.3244) on Thursday, May 24, 2012 with bipartisan support. This legislation will standardize college financial aid award letters to help students and parents make informed decisions concerning the tradeoffs between college affordability and college quality. It will also help students and their families make smarter borrowing decisions. Students ...
    Published almost 2 years ago | Rated: +10
  • +10

    Clearing Up Confusion. What are Parents Responsible for on FAFSA?

    There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on this topic. The references to "father's/stepfather's" on the FAFSA can be confusing for children of divorced parents. I'm 17 yrs old and I live with my mother and my stepfather. ...
    Published about 4 years ago | Rated: +10