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  • +11

    5 Myths about Financial Aid

    5 Myths about Financial Aid
    Let’s be honest about something: financial aid is tricky, confusing and overwhelming. As is with all things complicated, it’s easy to see why students and parents alike believe everything they’re told about the process. Unfortunately, that means students are told a lot of “falsehoods.” One of the best things students and parents can do for their financial aid chances is to ...
    Published about 1 month ago | Rated: +11
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    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 4 years ago | Rated: +11
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    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 about 5 years ago | Rated: +11
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    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 almost 5 years ago | Rated: +11
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    Top Strategies for Maximizing Aid Eligibility

    Top Strategies for Maximizing Aid Eligibility
    These strategies will have the largest impact on need-based aid eligibility. By implementing these strategies, you will be able to maximize your aid eligibility and therefore have a chance of receiving more financial aid. None of these strategies are guaranteed, but they do offer the best chance. 1. Save money in the parent's name, not the child's name. Or use a ...
    Published 9 months ago | Rated: +11
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    Illinois State Agency Proposes Bond to Fund Increases in the State's College Grant Program

    The Illinois Student Assistance Commission (ISAC) is proposing to issue 10-year taxable revenue notes or bonds to increase funding for the state's college grant program. The bonds would provide $100 million a year in additional funding for the MAP grant program on top of current state appropriations of $405 million. This would increase the number of recipients to as many as ...
    Published almost 4 years ago | Rated: +11
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    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 almost 4 years ago | Rated: +11
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    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 3 years ago | Rated: +11
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    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 almost 3 years ago | Rated: +11
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    Student Aid and Scholarships for Second Degree Students

    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 5 years ago | Rated: +11
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    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 over 4 years ago | Rated: +11
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    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 about 3 years ago | Rated: +11
  • +10

    How does divorce affect eligibility for student financial aid?

    I am currently a single parent with a daughter receiving financial aid. However, I plan to marry and am curious how that affects my child’s financial aid. Will his income be considered when completing the FAFSA next year even if we don’t share financial responsibility for her or commingle our bank accounts? — Terri S. If a dependent student's custodial parent ...
    Published over 5 years ago | Rated: +10
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    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 over 5 years ago | Rated: +10
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    What’s New on the 2015-16 FAFSA?

    What’s New on the 2015-16 FAFSA?
    The FAFSA for next school year will be released on January 1. All students, especially those that hope to benefit from financial assistance, need to complete the form as soon as possible after this date. Even if you didn’t qualify for financial aid last year, it’s still vital that you complete the form this year. For those of you who did ...
    Published 20 days ago | Rated: +10
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    Could You Be Giving Away Too Much on the FAFSA?

    Could You Be Giving Away Too Much on the FAFSA?
    The FAFSA is perhaps one of the most invasive questionnaires you and your family will ever complete. It asks about your private financial situation, special family circumstances and everything else in between. When it’s all said and done, many families feel as if they didn’t get enough financial aid to cover the cost of college. So imagine that colleges may be ...
    Published 14 days ago | Rated: +10
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    Check Out FastWeb's Video Coverage of the University of California's Student Protests!

    Check Out FastWeb's Video Coverage of the University of California's Student Protests!
    UC Berkeley students are up in arms over an approved 32 percent tuition increase for all ten campuses in the University of California system that will raise yearly fees above $10,000 for the first time in history. Similar protests and sit-ins took place at UCLA and UC Santa Cruz. The regent committee endorsed the hefty hike by a vote of 10-1. ...
    Published about 5 years ago | Rated: +10
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    Five Surprising Financial Aid Facts

    Think you know financial aid? These five facts might surprise you. 1. Most students receive financial aid. If you’re not going to bother applying for scholarships because you think no one ever wins, you’re wrong. Two-thirds of full-time undergraduate students receive financial aid in the form of grants or scholarships, according to the College Board. The cost of college is rising, ...
    Published over 6 years ago | Rated: +10
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    Student Loan Over $1 Trillion: What to Know Before You Borrow

    Student Loan Over $1 Trillion: What to Know Before You Borrow
    With National Decision Day looming, students and their parents are taking a close look at top college choices and assessing academic offerings and campus body fit. But most importantly, families are taking a look at each school’s affordability. On Wednesday, the Consumer Financial Protection Bureau launched its latest tool to help educate students and their families on the costs of borrowing ...
    Published over 2 years ago | Rated: +10
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    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 about 5 years ago | Rated: +10
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