Home / Financial Aid / Expert Financial Aid Advice Articles

Expert Financial Aid Advice Articles

Displaying 121 - 140 of 335
Can a Student be Cut Off from Financial Aid After Taking Too Many Credits?

Can a Student be Cut Off from Financial Aid After Taking Too Many Credits?

Expert advice on financial aid limits.

Mark Kantrowitz
Published April 30, 2012
A Primer on the Doubling of the Subsidized Stafford Loan Interest Rate

A Primer on the Doubling of the Subsidized Stafford Loan Interest Rate

This article summarizes the background concerning the doubling of the interest rate on new subsidized Stafford loans to undergraduate students from 3.4% to 6.8% on July 1, 2012. It also discusses ...

Mark Kantrowitz
Published April 24, 2012
Fastweb Wins Award for Financial Literacy Education

Fastweb Wins Award for Financial Literacy Education

For nearly 17 years, Fastweb has worked to become the leading online resource for paying and preparing for college, and recently, our site soared to new heights with the EIFLE Award! ...

Published April 23, 2012
What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

As a guidance counselor, I have many families asking me if there's any downside to taking out a federal unsubsidized loan. They need loan money either way and the rates for ...

Mark Kantrowitz
Published April 23, 2012
Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

I am 47 and recently divorced single parent of two children, ages 7 and 8. I spent the last 9 years as a stay-at-home parent. As a result of the divorce, ...

Mark Kantrowitz
Published April 16, 2012
Student Loan Over $1 Trillion: What to Know Before You Borrow

Student Loan Over $1 Trillion: What to Know Before You Borrow

Learn what your loan payments will be after graduation up front.

By Kathryn Knight Randolph
Published April 13, 2012
Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

My wife and I make about $150,000 in combined income. We have probably $350,000 in home equity, $100,000 in rental property equity and $500,000 in retirement accounts. We have three kids ...

Mark Kantrowitz
Published April 9, 2012
Should a Family Sell Student-Owned Stocks to Get More Financial Aid?

Should a Family Sell Student-Owned Stocks to Get More Financial Aid?

I have two daughters. One is a junior in college. The other is a senior in high school who will be going to college this fall. They both have stocks given ...

Mark Kantrowitz
Published April 2, 2012
Advice to Parents Whose Child will be the First in the Family to Go to College

Advice to Parents Whose Child will be the First in the Family to Go to College

My wife and I are looking for help in getting our son into college. He is a junior in high school. His mother and I are on disability. My wife is ...

Mark Kantrowitz
Published March 26, 2012
Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

We married in January of last year, after my husband graduated with a Master's degree in December. His loans total $65,000 and he earned $20,000 last year. I graduated in May ...

Mark Kantrowitz
Published March 19, 2012
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, ...

Mark Kantrowitz
Published March 12, 2012
Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

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 ...

Mark Kantrowitz
Published March 12, 2012
How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

Rules for Treatment of 529 College Savings Plans as Income and Assets

Mark Kantrowitz
Published March 6, 2012
How to Deal with a Defaulted But Paid-Off Student Loan that Reappears

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 ...

Mark Kantrowitz
Published March 5, 2012
Social Worker with Six Figure Debt Seeks Advice Handling Student Loans

Social Worker with Six Figure Debt Seeks Advice Handling Student Loans

Help! I am a 24-year-old recent college graduate who is struggling to find full-time employment. I'm currently working full-time hours on a three-month contract that is going to expire at the ...

Mark Kantrowitz
Published February 27, 2012
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 ...

Mark Kantrowitz
Published February 24, 2012
If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

How beneficial is it to have our college attending son file his taxes on his own versus us claiming him as a dependent? Does it make a huge difference in the ...

Mark Kantrowitz
Published February 20, 2012
Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers who have had a bankruptcy discharge in the last five years are generally not eligible for the Federal PLUS loan. They remain eligible, however, for Federal Stafford, Federal Perkins and ...

Mark Kantrowitz
Published February 16, 2012
How Do I Roll Over US Savings Bonds into a 529 College Savings Plan?

How Do I Roll Over US Savings Bonds into a 529 College Savings Plan?

I have several thousands of dollars in Series EE savings bonds (issued from 1988 through 1992). I know that you can use the bonds relatively tax free if cashed and used ...

Mark Kantrowitz
Published February 13, 2012
Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

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 ...

Mark Kantrowitz
Published February 8, 2012