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Expert Financial Aid Advice Articles

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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
Is an Emancipated Child Considered an Independent Student?

Is an Emancipated Child Considered an Independent Student?

I am a single parent of three children. One is a junior in college, the middle child will be attending college next year. I have always completed the FAFSA for my ...

Mark Kantrowitz
Published February 14, 2011
Does Consolidating Student Loans Save Money Like a Refinance?

Does Consolidating Student Loans Save Money Like a Refinance?

I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have ...

Mark Kantrowitz
Published May 16, 2011
He's the Financial Aid Guru.  Only on Fastweb.

He's the Financial Aid Guru. Only on Fastweb.

Is your financial aid advice featured in The New York Times? Didn’t think so. Mark Kantrowitz, is nationally recognized as an often quoted leading financial aid expert. With degrees from M.I.T., ...

Published April 22, 2009
Ask the Expert: Why Not Borrow from My 401(k) for My Daughter's College Tuition?

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

Why borrowing tuition money from your 401(k) is a bad idea.

By Mark Kantrowitz
Published April 21, 2009
That Free Financial Aid Seminar May be Just a Worthless Sales Pitch

That Free Financial Aid Seminar May be Just a Worthless Sales Pitch

From time to time I receive solicitations for free financial aid seminars that are really sales pitches for a product or service. I attend these seminars to monitor the information (and ...

Mark Kantrowitz
Published November 18, 2011
Options for a Student Whose Parents Refuse to Complete the FAFSA

Options for a Student Whose Parents Refuse to Complete the FAFSA

I have been financially independent from my parents since I was 19. I'm 23 now. I've been working two jobs and taking 12 hours in school. My school says that I ...

Mark Kantrowitz
Published March 1, 2010
Answers to Common Questions about Dependency Status and Financial Aid

Answers to Common Questions about Dependency Status and Financial Aid

Will my daughter's chances for receiving financial aid be higher if we don't claim her on our taxes? Household income is about $85,000 and she did not qualify for financial aid ...

Mark Kantrowitz
Published November 14, 2011
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 ...

Mark Kantrowitz
Published July 20, 2009
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
Help for Retired Parents Repaying Parent PLUS Loans on Fixed Income

Help for Retired Parents Repaying Parent PLUS Loans on Fixed Income

Help!!! My Parent PLUS loans are presently in a forbearance that will end in a few months. My expected installment payments are more than my monthly income. I am retired and ...

Mark Kantrowitz
Published September 13, 2010
Financial Aid without Filing the FAFSA?

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 ...

Mark Kantrowitz
Published December 6, 2010
What Do You Do If Your Application for a FAFSA PIN is Rejected?

What Do You Do If Your Application for a FAFSA PIN is Rejected?

Expert financial aid answers to all of your questions.

Mark Kantrowitz
Published October 23, 2011
How Do You Complete the FAFSA When a Parent is Undocumented?

How Do You Complete the FAFSA When a Parent is Undocumented?

I live with my mother and my brothers. My mother is undocumented and does not work. However, I am a permanent resident and my brothers were born here in the United ...

Mark Kantrowitz
Published August 2, 2010
How Do Parent Financial Problems Affect a Student's Eligibility for Financial Aid?

How Do Parent Financial Problems Affect a Student's Eligibility for Financial Aid?

We the parents screwed up financially and had to file for bankruptcy and are in a Chapter 13 repayment program. The FAFSA thinks according to their estimator that we can afford ...

Mark Kantrowitz
Published December 13, 2010
5 Myths about Financial Aid

5 Myths about Financial Aid

Don't fall for these myths when it comes to financial aid.

By Kathryn Knight Randolph
Published October 28, 2014
Can You Get a Pell Grant Even If You Don't Qualify for the Free and Reduced-Price School Lunch Program?

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 ...

Mark Kantrowitz
Published February 21, 2011
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 ...

Mark Kantrowitz
Published July 5, 2009
Should Married Borrowers File Joint or Separate Federal Income Tax Returns with Income-Based Repayment?

Should Married Borrowers File Joint or Separate Federal Income Tax Returns with Income-Based Repayment?

Expert advice for married borrowers and their loan repayment.

Mark Kantrowitz
Published May 16, 2012
The “Free” Tuition Experiment

The “Free” Tuition Experiment

It seems as though many are considering the recent doubling of student loan rates as a tipping point to the education cost issue - with more alternative payment programs resulting.

Elizabeth Hoyt
Published July 10, 2013