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  • +8

    How to Pay for College After a Recent Bankruptcy Discharge

    My daughter will be starting college in the fall (hopefully). The full cost for each year is approximately $50,000. She received a scholarship for $35,000 and she has enough saved for books ($1,000), leaving her needing $14,000. When we filled out the FAFSA it said her family contribution would be too high. Unfortunately my husband and I filed for bankruptcy in ...
    Published almost 2 years ago | Rated: +8
  • +8

    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 about 1 year ago | Rated: +8
  • +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 over 2 years ago | Rated: +8
  • +8

    Financial Aid and Scholarships for Foster Care and Adopted Children

    I adopted a special needs foster child when he was 11 years old. I have been told he does not qualify for any aid. I recently learned that if I would have adopted him at age 13 he would of received a full scholarship. My son wants to attend a private college at approximately $43,000 per year. Do you have any ...
    Published over 1 year ago | Rated: +8
  • +8

    How Can I Fill the Gap Between Financial Aid and My Ability to Pay?

    I'm a soon-to-be college freshman. My tuition is close to $40,000 but financial aid only covers $19,000. My mother is a single parent making only $18,000 a year and I was wondering if there are any other options I can get besides loans that financial aid can help me with. — D.V. Something doesn't add up. The amount of financial aid ...
    Published almost 3 years ago | Rated: +8
  • +8

    Financial Aid without Filing the FAFSA?

    I tried to apply for federal student aid last year, and was told that I needed to include my parents tax information to receive aid. I've been living on my own since I was 17, claim myself on my taxes, and support myself with the help of my fiance. I can't afford to go to school without financial aid, and my ...
    Published over 4 years ago | Rated: +8
  • +8

    Can a Stepdaughter be Counted in the Household If She Lives with the Other Parent?

    My stepdaughter used my husband's tax return to file her FAFSA because her mother had said that his taxes needed to be used because he claims her on his income tax return. From what I know, the parent that the child lives with most of the time should be used. Am I right or wrong? She got denied financial aid when ...
    Published over 2 years ago | Rated: +8
  • +8

    Student Credit Cards

    Student Credit Cards
    You see the offers everywhere, free duffel bag for signing up for this credit card, free water bottle, campus gear and sometimes even free money. Before you go signing on the dotted line, find out what you’re really signing up for. If you’re serious about considering a credit card, find out what kind of card it is. Not all plastics are ...
    Published over 2 years ago | Rated: +8
  • +8

    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! Fastweb was named 2012 Organization of the Year by the Institute for Financial Literacy on Wednesday, April 18, 2012. The Institute for Financial Literacy announced the winners of the 2012 ...
    Published almost 2 years ago | Rated: +8
  • +8

    Can You Appeal for More Student Financial Aid in the Middle of the Academic Year?

    My husband lost his job recently. My oldest son did not qualify for student aid for college this year except for federal loans. Is there any way my son could now receive financial aid until my husband finds a new job? — Sonja R. Ask the college for a professional judgment review. Some colleges call it a special circumstances review or ...
    Published over 2 years ago | Rated: +8
  • +8

    Can a Parent Count a Child in Household Size and Also Report Amounts Paid in Child Support on the FAFSA?

    I am the custodial parent for my son and college-bound daughter. It seems like the form assumes that only non-custodial parents pay child support! However, I still pay their mother child support of over $1,600/month (they are with her slightly less than half the time). Do I report those child support payments on the FAFSA where it asks for "child support ...
    Published over 2 years ago | Rated: +8
  • +7

    What Kind of Financial Aid is Available for Graduate School? Will My Credit History Affect the Amount 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 almost 2 years ago | Rated: +7
  • +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 almost 2 years ago | Rated: +7
  • +7

    How To Ask Friends and Family for Money for a Child's College Savings Plan

    In a Fastweb survey of high school and college students about preferred holiday gifts, more than half of the respondents said that they were hoping for money for college. But asking for money is awkward. It feels like begging. Most people are uncomfortable asking for money, even for a good purpose. Asking for gifts of money is taboo in the United ...
    Published almost 3 years ago | Rated: +7
  • +7

    Can I Get a New Financial Aid Package if My Mom Lost Her Job?

    I am in my third semester and have already received my financial aid for this semester; however, our financial circumstances have dramatically changed. My mother was laid off as of the first of August and my father has been found to have cancer and will be off work well into next year with treatments. Is there a way to amend the ...
    Published over 4 years ago | Rated: +7
  • +7

    Does Financial Aid Cover Room and Board in Addition to Tuition and Fees?

    I am currently a senior at a high school. If I want to dorm at a private university, which adds $10,000 more to the $40,000 tuition, do the universities take into account the financial aid as a whole thing with tuition and room and board, or do they just give financial aid for the tuition? To simplify this, my total costs ...
    Published over 3 years ago | Rated: +7
  • +7

    Does Joint Repayment Obligate Spouses for Each Other's Student Loans?

    I applied to have both my husband's and my student loan debt considered in determining our payments under income-based repayment. This reduced our payments significantly. My concern is that the repayment plan selection forms have a box to check that accepts responsibility for your spouse's loan. My student loan debt is considerably higher than my husband's and should I precede him ...
    Published over 1 year ago | Rated: +7
  • +7

    Time to panic about prepaid tuition plans?

    Time to panic about prepaid tuition plans?
    The New York Times reported on October 5, 2009 that 16 of the 18 state prepaid tuition plans are facing funding shortfalls because of a combination of stock market losses and increases in tuition at public colleges. Only five state plans are backed by the full faith and credit of the state. While the other states will be under political pressure ...
    Published over 4 years ago | Rated: +7
  • +7

    How do retirement funds affect student aid eligibility?

    How do parent contributions to 401(k) or IRA retirement plans affect financial aid eligibility? — Stephen C. The federal need analysis methodology considers both income (taxable and untaxed) and assets that are reported on the Free Application for Federal Student Aid (FAFSA). Money in qualified retirement plans, such as a 401(k), 403(b), IRA, pension, SEP, SIMPLE, Keogh and certain annuities, is ...
    Published over 4 years ago | Rated: +7
  • +7

    An Early Look at the New Income-Based Repayment Plan

    A new version of income-based repayment (IBR) was enacted by the Health Care and Education Reconciliation Act of 2010, but will be effective only for new borrowers on or after July 1, 2014. President Obama has proposed fast-tracking the new IBR plan to make it available to more students sooner. This article presents a sneak peak at the details of the ...
    Published almost 2 years ago | Rated: +7