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  • +5

    Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

    Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?
    I have a question about filling out a FAFSA form for my child. If we fill out the form and my child is granted a loan for college, will the parents be cosigners or responsible in any way for their child's loan either now or in the future? — D.F. No. The Free Application for Federal Student Aid (FAFSA) is the ...
    Published about 1 month ago | Rated: +5
  • +17

    Does Applying for Financial Aid Affect Your Chances of Admission?

    Does applying for financial aid ever limit one's chances of acceptance to a college? Do colleges give any subtle preference to students who state on their application that they do not need financial aid? For example, would it be advantageous for a student whose parents earn $150,000 and have adequate savings to tell a college costing $30,000 that they do not ...
    Published about 4 years ago | Rated: +17
  • +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 2 years ago | Rated: +8
  • +7

    How to Qualify for a PLUS Loan Despite an Adverse Credit History

    I'm currently an MBA student who has a VERY adverse credit history. Part of which includes a defaulted Federal Loan. I'm halfway through my first year of business school and find myself needing more money. I've found someone who does not have an adverse credit history who is willing to cosign. I'm worried that I still won't receive the loan. What ...
    Published almost 2 years ago | Rated: +7
  • +37

    Crowdfunding for College

    Crowdfunding for College
    Crowdfunding, the latest trend in the startup craze, allows the public to view and donate to causes and projects via a public platform. Students have jumped on the bandwagon, utilizing crowdfunding resources to fund the often astronomical student loans that have accumulated. Here are some resources that students can utilize crowdfunding for debt payment, as well as manage a current financial ...
    Published 6 months ago | Rated: +37
  • +5

    Financial Aid Insider Secrets

    Financial aid is a complicated topic with an alphabet soup of acronyms like FAFSA and EFC, rolling deadlines and (seemingly) endless forms, rules and regulations. But with the state of the economy, you're most likely going to have to get some sort of outside help in your pursuit of higher education. Don't panic! This video will provide you with an ...
    Published about 5 years ago | Rated: +5
  • +7

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

    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 8 days ago | Rated: +7
  • +13

    Best Money Books for New College Graduates

    College is a transition from a sheltered existence where your parents worried about money matters on your behalf to the real world where you are responsible for making ends meet. But there are many lessons about managing money and living on your own that aren't taught in a college classroom. According to the Council for Economic Education, 13 states require high ...
    Published over 4 years ago | Rated: +13
  • +205

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs
    The US House of Representatives is considering legislation to overhaul the federal education loan and grant programs. The Student Aid and Fiscal Responsibility Act of 2009, nicknamed SAFRA, will increase funding for federal student aid programs and simplify the Free Application for Federal Student Aid. These changes will implement several of President Obama's campaign promises. Switch to 100% Direct Lending Starting ...
    Published over 5 years ago | Rated: +205
  • +19

    Should Parents Transfer College Savings from an UTMA Account to a 529 Plan?

    My twin daughters will be entering college in the fall. We have saved for their college education over the last 17 years. Presently the savings are held in two accounts each: a custodial account under the Uniform Transfer to Minor Act (UTMA) and in a Coverdell Education IRA account. I recently read that in connection with evaluating any possible financial aid ...
    Published over 4 years ago | Rated: +19
  • +25

    Why Should I Complete the FAFSA?

    Why Should I Complete the FAFSA?
    Let’s start with a little bit about what the FAFSA actually is. FAFSA stands for Free Application for Federal Student Aid; translation: it determines a student's eligibility for need-based federal financial aid for college, which may include grants, scholarships, work-study and loans. If eligible, it can really help you pay for school! The FAFSA for the 2014-2015 academic year is now ...
    Published about 1 year ago | Rated: +25
  • +7

    Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

    I will begin to pay back my student loans in January. My loan debt is about $134,000 and I'm going to pay it back via income-based repayment (IBR). My husband also has student loan debt and is currently in repayment but not through IBR. I understand that if we continue to file our tax returns under Married Filing Jointly status my ...
    Published over 2 years ago | Rated: +7
  • +7

    Ask the Expert: Why Not Borrow from My 401(k) for My Daughter's College Tuition?

    QUESTION: Why not borrow from my 401(k) for my daughter's college tuition, as there will be less to lose in this economic crisis? -- Betsy Thomas ANSWER: Borrowing from your 401(k) is almost always a big mistake. It may seem innocuous, since instead of paying back a bank loan, you're paying yourself. But you've lost the opportunity to earn further returns ...
    Published almost 6 years ago | Rated: +7
  • +13

    Which of a Student's Divorced Parents Must Complete the FAFSA? Is the Stepparent's Information Reported on the FAFSA?

    I will be filling out the FAFSA soon for my daughter who will be attending college next fall. My question is regarding her father, who is my ex-husband. Her father does not pay child support and has not supported her financially since our divorce 5 years ago. Do I have to include his financial information, or any of his information, on ...
    Published over 4 years ago | Rated: +13
  • +5

    Questions about Qualifying for the Federal Parent PLUS Loan

    My son has been accepted to an expensive private non-profit college for the fall. We have been awarded a pretty generous financial aid package from the school (approximately $30,000) which leaves me with about $20,000/year left to finance. I make about $50,000/year. I will be applying for the Parent PLUS loan and have several questions. I'm in the process of refinancing ...
    Published almost 2 years ago | Rated: +5
  • +6

    Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?

    Are you familiar with any programs that could assist a low-income social worker who has used up his hardship deferments? Any assistance would be appreciated. I'm in a low-paying county, being paid a low income to assist disabled persons, and need help with my student loans. — Dave W. If your loans are federal student loans, such as Federal Stafford or ...
    Published over 3 years ago | Rated: +6
  • +4

    How will a Parent's Financial Troubles Affect the Student's Eligibility for Student Loans?

    My 17-year-old daughter is eager to begin college. We have some difficult financial situations to contend with and could use your advice and direction. Her dad and I are divorced. I have poor credit due to excessive debt, and late payments. I am considering a debt settlement plan right now on two of my debts. I have outstanding student loans, and ...
    Published almost 3 years ago | Rated: +4
  • +21

    First Lady Michelle Obama's FAFSA Completion Challenge

    First Lady Michelle Obama's FAFSA Completion Challenge
    The release of the 2015-2016 FAFSA – that’s the Free Application for Federal Student Aid (as if you didn’t know) – is right around the corner. On January 1, 2015, the financial aid form becomes available for the New Year. As part of her Reach Higher education initiative, First Lady Michelle Obama is calling on you to help increase the number ...
    Published 3 months ago | Rated: +21
  • -22

    PSST! Want to Graduate from College with an Undergraduate Degree and No Debt?

    A recent research report analyzes the characteristics of the 1.7 million undergraduate students who were able to graduate in 2007-08 without any student loan debt. About two fifths of undergraduate students graduate with no debt and three fifths graduate with less than $10,000 in student loan debt. This analysis yields seven practical tips on what you should do if you want ...
    Published over 3 years ago | Rated: -22
  • +273

    Can You Get a Pell Grant Even If You Don't Qualify for the Free and Reduced-Price School Lunch Program?

    If a child does not qualify for the free or reduced-price school lunch program, can they still qualify for federal student aid? —Y.P. Yes. Students who don't qualify for the free or reduced-price school lunch program can still qualify for federal student aid and should submit the Free Application for Federal Student Aid (FAFSA). The FAFSA added a question about the ...
    Published about 4 years ago | Rated: +273
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