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  • +24

    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 oldest daughter, claiming her as my dependent. Her father and and I have split the cost of out-of-pocket expenses. This past year, however, her father took me back to court ...
    Published about 3 years ago | Rated: +24
  • +7

    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 with a doctorate in physical therapy and $175,000 in debt. My income last year was $33,000. Our combined AGI was $53,000. For our federal loans we want income-based repayment. But ...
    Published about 2 years ago | Rated: +7
  • Rate

    Reporting of Untaxed Social Security Benefits on the FAFSA and the Impact of IRS Filing Extensions on FAFSA Verification

    I am a college student with a severe congenital physical disability. If I apply for and am granted SSI benefits, will receiving these benefits cause my family's EFC to increase? I am not employed and am a full-time student, living in my parents' home. Would we end up paying more for my college expenses if I were to receive SSI benefits? ...
    Published almost 4 years ago | Rate This
  • +5

    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 almost 3 years ago | Rated: +5
  • +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 almost 2 years ago | Rated: +7
  • +35

    Who is Considered an Independent Student? What if you are not yet 24 years old?

    I'm having problems with my financial aid. I'm a single mother of one. My daughter is almost three years old and will be attending daycare this semester. I've been going to college for two years and will receive my associates degree soon with a cumulative GPA of 3.7. I will continue my education at another college this fall, and again I'm ...
    Published over 3 years ago | Rated: +35
  • +12

    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 is completely out of the picture. He's made it through 2 years of college with great success. I'd like to help him. I have very good credit. What would be ...
    Published almost 4 years ago | Rated: +12
  • +4

    Paying the College Directly to Avoid Gift Taxes

    Under current IRS rules, a payment made directly to an educational institution to pay for the tuition of a student does not count as a gift to the student for gift tax purposes. For example, a grandparent can avoid gift taxes by writing a check to the college for their grandchild's tuition instead of giving the money to the student or ...
    Published over 1 year ago | Rated: +4
  • +14

    What are Your Options When Your Parents Refuse to File the FAFSA?

    I am hoping you can help me with my FAFSA issue. I am 16 and a senior this year in high school, so I plan on attending a university in the fall. However, my dream college is a private university and is extremely expensive. My parents refuse to help pay a dime towards furthering my education — they believe college isn't ...
    Published over 3 years ago | Rated: +14
  • +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 about 1 year ago | Rated: +7
  • +4

    Summary of President Obama's Budget Blueprint for Federal Student Aid

    This article summarizes President Obama's FY2013 budget proposals for the federal student aid programs. Most of these proposals will require Congressional approval before they can be implemented. The combined cost of the President's proposals are in excess of $10 billion per year. Editor's note: This article has been updated to reflect the education appendix to the FY2013 budget, as released on ...
    Published about 2 years ago | Rated: +4
  • +5

    When should you apply for scholarships and financial aid?

    My son will be applying to colleges this fall since he is a high school senior. Should he wait until he is accepted into a college before applying for scholarships? — Bryan R. Your son should start searching for scholarships as soon as possible. There are scholarships with deadlines in every month of the year (more in the fall and spring ...
    Published over 4 years ago | Rated: +5
  • +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
  • +7

    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 as net price within each college type category. The US Department of Education is also publishing lists of colleges with the greatest increases in tuition and fees or net price. ...
    Published almost 3 years ago | Rated: +7
  • +24

    Give Back to Say Goodbye to Student Loan Debt

    Give Back to Say Goodbye to Student Loan Debt
    If you’re like the millions of students looking for a way out of your student loans; I've got good news for you. There are alternatives but, as with most things in life, there’s a tiny catch. What's the catch? If you’re willing to do some good for the world (gasp!) and volunteer, there are plenty of programs that will be willing ...
    Published about 1 month ago | Rated: +24
  • +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 2 years ago | Rated: +4
  • +3

    Can a Dependent Student File the FAFSA as Independent if the Student's Parents Don't File Federal Income Tax Returns?

    The next several Ask Kantro columns will answer questions about the Free Application for Federal Student Aid (FAFSA). The FAFSA may be filed starting on January 1. The FAFSA is used to apply for student financial aid from the federal and state governments and from most colleges and universities for the award year that runs from July 1 to June 30. ...
    Published over 2 years ago | Rated: +3
  • +3

    How Can One Shelter Parent Assets on the FAFSA?

    My daughter is going to college next year. We have to file the FAFSA in January. We have money in our savings account that we saved for emergency reasons and some for my daughter's college. Will this affect her chance in getting grants or loans? What should we do? — G.N. Money in a savings account counts as an asset on ...
    Published over 1 year ago | Rated: +3
  • +9

    College Board Simplifies CSS/Financial Aid PROFILE Form

    College Board Simplifies CSS/Financial Aid PROFILE Form
    While the US Department of Education is working on simplifying the Free Application for Federal Student Aid (FAFSA), the College Board has already been taking similar steps toward simplifying the CSS/Financial Aid PROFILE form. The CSS/Financial Aid PROFILE form tries to calculate a more precise measurement of ability to pay. This necessarily involves asking more questions than on the FAFSA. However, ...
    Published about 4 years ago | Rated: +9
  • +11

    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 almost 4 years ago | Rated: +11