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  • +26

    The Best Schools for Financial Aid

    The Best Schools for Financial Aid
    You know that most schools offer financial aid assistance to students who need it, but have you ever wondered if some colleges offer more than others? Some do. These schools prove that it is possible to make educational funding readily available to their students. Here are the country’s top ten colleges for students looking for financial aid, according to The Princeton ...
    Published almost 2 years ago | Rated: +26
  • +3

    Confusion about Reporting Custodial 529 College Savings Plan Accounts on the FAFSA

    My daughter is a freshman (in college) and lives more than 50% of the time with her mother who is the custodial parent. Her mom and I have been divorced for the last 10 years. I personally had an UGMA account set up for my daughter years ago. But two years ago I converted my daughter's $25,000 UGMA account to a ...
    Published over 2 years ago | Rated: +3
  • 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 over 5 years ago | Rate This
  • +10

    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 States. We are receiving help from welfare as food stamps and cash for needy families. We are also living in a shelter. My question is: What kind of financial aid ...
    Published about 5 years ago | Rated: +10
  • +10

    Student Loan Interest Deduction

    Student Loan Interest Deduction
    Borrowers of federal and private education loans may deduct up to $2,500 in interest as an above-the-line exclusion from income. This deduction may be taken even if the taxpayer does not itemize. Amount of the Deduction You can deduct up to $2,500 in interest on a qualified education loan. The deduction is taken as an adjustment to income, so you can ...
    Published over 6 years ago | Rated: +10
  • +13

    Impact of a Government Shutdown on Student Financial Aid

    Impact of a Government Shutdown on Student Financial Aid
    If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published over 4 years ago | Rated: +13
  • +7

    Can I Get a New Financial Aid Package if My Mom Lost Her Job?

    I am in my third semester and have already received my financial aid for this semester; however, our financial circumstances have dramatically changed. My mother was laid off as of the first of August and my father has been found to have cancer and will be off work well into next year with treatments. Is there a way to amend the ...
    Published almost 6 years ago | Rated: +7
  • +21

    Is college worth the cost?

    Is college worth the cost?
    Some people have argued that the high cost of a college education is a bubble waiting to burst. They draw superficial comparisons with the housing market, pointing out the high cost, heavy financing with no down payment, federal subsidies and tax deductible interest. But unlike a house, a college degree is an asset that enables the production of income. In a ...
    Published about 6 years ago | Rated: +21
  • +28

    How America Pays for College

    How America Pays for College
    Sallie Mae, the nation’s number one financial services company specializing in education, in conjunction with Ipsos, has released a new national study, "How America Pays for College 2013." The study’s findings were based on survey results from around 800 undergraduate students, between the ages of 18 and 24 years old and the parents of undergraduate students. According to the study, families ...
    Published about 2 years ago | Rated: +28
  • +34

    Money Saving New Year's Resolutions

    Money Saving New Year's Resolutions
    It's about to be 2015, which means that everyone is about to make their New Year's Resolutions. That means, the timing could not be more perfect to focus on resolving to focus on your education and, of course, a way to pay for it! Here are some suggestions of resolutions you can take on this year to improve your financial situation: ...
    Published 9 months ago | Rated: +34
  • +5

    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?
    If you get an email message that says "Your request for a Federal Student Aid PIN cannot be processed because the Social Security Number (SSN), name, or date of birth that you provided on your PIN application does not match your information on file at the Social Security Administration (SSA)... If you are sure that the SSN, name, and date of ...
    Published almost 4 years ago | Rated: +5
  • -245

    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 a larger package of budget cuts that seek to cut spending by $100 billion for the remainder of the current fiscal year. Congress has not yet passed the fiscal year ...
    Published over 4 years ago | Rated: -245
  • +8

    People Retiring with Student Loans May Save Money with Income-Based Repayment

    I'm 68 years old, have worked for the last thirteen years in a state psychiatric hospital and after consolidating all my loans, have never missed a payment to Direct Student Loan in the last ten years. My original paper work says that I will need to make payments until 2031, when I'll be 88. I would like to think about retiring ...
    Published almost 4 years ago | Rated: +8
  • +5

    How are Trust Funds Reported on the FAFSA?

    Each of my parents left me a trust. From each trust I am entitled to the interest income and $5,000 annually. The remainder of the principal stays in the trusts until I die. The trusts then terminate, and the remaining principal is distributed to my son. My son is the one going to college, by the way. This skews my EFC ...
    Published over 5 years ago | Rated: +5
  • +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 about 5 years ago | Rated: +35
  • +7

    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 over 3 years ago | Rated: +7
  • +13

    Lifetime Learning Tax Credit

    The Lifetime Learning provides a federal income tax credit of up to $2,000 per taxpayer based on the first $10,000 in postsecondary tuition and fees paid by the taxpayer during the tax year. The Lifetime learning tax credit is 20% of the first $10,000. The tax credit may be received for an unlimited number of years. Amount of Credit The Lifetime ...
    Published over 6 years ago | Rated: +13
  • +17

    Employer Tuition Assistance

    Employer Tuition Assistance
    Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, books, supplies, and equipment. In certain circumstances payments above $5,250 may also be tax-free. About one-twelfth of undergraduate students and one-fifth of graduate students (two-fifths of MBA students) receive employer ...
    Published over 6 years ago | Rated: +17
  • +14

    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 student aid programs that are scheduled to expire this year. Stop the pending increase in student loan interest rates. The College Cost Reduction and Access Act of 2007 enacted a ...
    Published over 3 years ago | Rated: +14
  • +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 about 4 years ago | Rated: +7
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