Home / Financial Aid / Expert Financial Aid Advice Articles

Expert Financial Aid Advice Articles

Displaying 181 - 200 of 338
Congress Proposes Big Cuts in Pell Grants

Congress Proposes Big Cuts in Pell Grants

The Republican leadership of the US House of Representatives released a proposal to cut the maximum Pell Grant to $4,015 late on Friday, February 11, 2011. This proposal is part of ...

Mark Kantrowitz
Published February 13, 2011
US Department of Education Publishes College Cost and Net Price Rankings

US Department of Education Publishes College Cost and Net Price Rankings

As required by Congress, the US Department of Education is now publishing lists that rank the most and least expensive colleges. Colleges are ranked according to tuition and fees as well ...

Mark Kantrowitz
Published July 1, 2011
Does Adoption Affect an Orphan's Eligibility for Financial Aid?

Does Adoption Affect an Orphan's Eligibility for Financial Aid?

I am trying to advise two students whose mother died four years ago and their father died last week, unfortunately. The girls' grandmother is now taking care of them (a 9th ...

Mark Kantrowitz
Published April 22, 2013
Guidelines for Financial Freedom

Guidelines for Financial Freedom

When you’re a student trying to pay for school, one of the greatest challenges can be managing your finances in the best way possible.

Elizabeth Hoyt
Published January 2, 2017
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
Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

Expert advice on refinancing your mortgage to pay for college.

Mark Kantrowitz
Published July 16, 2012
Does Parental Support Affect Independent Student Status?

Does Parental Support Affect Independent Student Status?

I am 19 and have a baby (1 month old) and I am living with my boyfriend and his mother. I am confused about whose tax information to use on the ...

Mark Kantrowitz
Published February 4, 2013
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 ...

Published January 24, 2012
Financial Aid and Scholarships for Undocumented Students

Financial Aid and Scholarships for Undocumented Students

Check out financial aid and scholarship opportunities for undocumented students.

Published September 9, 2015
Is a Student with Children But No Income Considered to be Independent?

Is a Student with Children But No Income Considered to be Independent?

I am under 24 years of age. I did not have any income the year before last. I have 2 children and live with a partner of 6 years. He is ...

Mark Kantrowitz
Published January 30, 2012
How is retirement income and past due child support reported on the FAFSA?

How is retirement income and past due child support reported on the FAFSA?

I am trying to fill out my FAFSA. My father retired last year and I am confused as to what to put for his financial answers, for example, gross income, taxes, ...

Mark Kantrowitz
Published January 11, 2010
What are the Downsides to Using Home Equity to Refinance Student Loan Debt?

What are the Downsides to Using Home Equity to Refinance Student Loan Debt?

Home equity and student loan payments.

Mark Kantrowitz
Published October 22, 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
Student Loans: What to Know Before You Borrow & Repayment Planning

Student Loans: What to Know Before You Borrow & Repayment Planning

If you take the time to research and develop a plan, you can have your student loan under control sooner than later and avoid being the dreaded senior citizen with student loan payments.

Elizabeth Hoyt
Published March 29, 2017
Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such ...

Mark Kantrowitz
Published May 30, 2011
To Cosign or Not To Cosign, That is the Question

To Cosign or Not To Cosign, That is the Question

My nephew has asked me to cosign a private student loan for college. He's on his own since he lives independently from his mother, his parents are divorced, and his father ...

Mark Kantrowitz
Published June 28, 2010
How to Handle a Tuition Hike

How to Handle a Tuition Hike

How would you cope with a hike in tuition?

By Sandra Guy
Published September 4, 2008
Student Loan Debt Clock Reaches $1 Trillion

Student Loan Debt Clock Reaches $1 Trillion

The student loan debt clock reached the $1 trillion milestone at about 6:40 am ET on Tuesday, May 8, 2012. Although the student loan debt clock is for entertainment purposes only, ...

Mark Kantrowitz
Published May 8, 2012
Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ...

Mark Kantrowitz
Published February 22, 2010
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