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  • +8

    Year in Review: Ups and Downs for Student Financial Aid in 2011

    2011 was an eventful year for student financial aid, student loans and scholarships. This article summarizes the major events, positive and negative, for student aid in 2011. It also provides a few highlights of developments that are anticipated for 2012. The Department of Defense and Full-Year Continuing Appropriations Act, 2011 (P.L. 112-10, April 15, 2011) ended the year-round Pell Grant program ...
    Published over 2 years ago | Rated: +8
  • +19

    Money Saving New Year's Resolutions

    Money Saving New Year's Resolutions
    It's 2014 - the year of the horse has arrived! In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it! Here are some suggestions of resolutions you can take on ...
    Published 3 months ago | Rated: +19
  • +5

    How can a Student Pay for College after Losing Student Aid Eligibility due to Unsatisfactory Academic Progress?

    I am not eligible for federal funding at this time because of unsatisfactory academic progress. My appeal was denied and I was told I would again be eligible for federal funding after "the satisfactory completion" of 6 non-federally funded credit hours in an semester. I could easily accomplish this if it weren't for the fact that I don't have the money ...
    Published over 3 years ago | Rated: +5
  • +19

    How to Evaluate Financial Aid Award Letters with Missing Tuition and Grant Information

    We have a dilemma here. My son has been accepted by five colleges: four public colleges and one private college. The private school is the only one that is showing us the "sticker price." The rest, while they have sent aid packages, are not firm on what their fees are for the upcoming fall semester or academic year. The deadline to ...
    Published about 3 years ago | Rated: +19
  • +9

    Questions about Assets and the Free Application for Federal Student Aid (FAFSA)

    There are many college financial planners in my area who claim to be able to help us "legally and ethically" reposition our assets to lower our expected family contribution (EFC) and save us thousands of dollars per year in college costs. Are there really such secrets out there that will help us that much? — Larry C. Less than 4% of ...
    Published over 4 years ago | Rated: +9
  • +20

    Making Smarter Student Loan Decisions

    Making Smarter Student Loan Decisions
    It’s no secret that college is getting more expensive by the minute. For instance, the cost of education at a university rose from 23 to 38 percent between 2001 and 2010. That’s a huge climb! In attempts to make college possible, many students take out student loans in pursuit of their higher education. While an investment in education is one of ...
    Published 10 months ago | Rated: +20
  • +22

    Survey Says: Parents Still Saving for College Despite Economy

    Sallie Mae and Gallup just released the results of a survey of how American families save for college. The survey found that most parents are continuing to save for college despite the economy and that saving for college slightly trails saving for retirement. More than 9 in 10 of the parents (92%) think that it is likely or very likely that ...
    Published almost 5 years ago | Rated: +22
  • +9

    What Counts as Child Support on the FAFSA?

    I am very grateful to Fastweb for providing all that you do. I am especially grateful for your answers to questions. I agreed (outside of the courts) to pay my daughter's car payment and some additional spending money for internet access. This increased my costs by $100 per month beyond the child support obligation. Can I exclude this amount from the ...
    Published about 4 years ago | Rated: +9
  • +8

    FAFSA Questions Concerning Assets and Legal Guardianships

    I am an incoming freshman in college and my single mom is worried about the Free Application for Federal Student Aid (FAFSA). We recently sold our house and are currently living in a rented apartment. The money from selling the house is in her savings account. We are currently looking for a new house. My mom is worried that if we ...
    Published over 4 years ago | Rated: +8
  • +8

    Can You Appeal for More Student Financial Aid in the Middle of the Academic Year?

    My husband lost his job recently. My oldest son did not qualify for student aid for college this year except for federal loans. Is there any way my son could now receive financial aid until my husband finds a new job? — Sonja R. Ask the college for a professional judgment review. Some colleges call it a special circumstances review or ...
    Published over 2 years ago | Rated: +8
  • +9

    Short Answers to A Few Common FAFSA Questions

    Does checking the Federal Work Study box on the FAFSA affect other forms of financial aid that a college might award, such as scholarships or other government aid? Is it wise to check this box even if you have not yet received a college's financial aid offer? — S. Z. Turning down one form of need-based financial aid generally does not ...
    Published about 4 years ago | Rated: +9
  • +3

    Social Worker with Six Figure Debt Seeks Advice Handling Student Loans

    Help! I am a 24-year-old recent college graduate who is struggling to find full-time employment. I'm currently working full-time hours on a three-month contract that is going to expire at the end of the month. I received my Master's degree in Social Work and do not expect a high starting salary based upon the current market. My student loans from undergrad ...
    Published about 2 years ago | Rated: +3
  • +12

    Should I Work My Way Through College or Quit My Job to Enroll Full-Time?

    I am 26 and looking to start attending school full time this fall. I am also taking some summer classes at a community college to get all the credits I can before starting. I am also a transfer student with 37 credits from another school I went to right out of high school. I am currently married and am considering quitting ...
    Published almost 3 years ago | Rated: +12
  • +16

    What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

    I am 26 years old and would like to go back to college. I have $12,000 in student loans which are currently in administrative wage garnishment. I make $27,000 a year and would like to get my loans back in good standing. I have called the collection agency in charge of my loan and they insist on me paying $120 extra ...
    Published over 3 years ago | Rated: +16
  • +3

    A Primer on the Doubling of the Subsidized Stafford Loan Interest Rate

    This article summarizes the background concerning the doubling of the interest rate on new subsidized Stafford loans to undergraduate students from 3.4% to 6.8% on July 1, 2012. It also discusses the impact of the pending change. [Congress passed a one-year extension to the 3.4% interest rate on June 29, 2012.] Background The College Cost Reduction and Access Act of 2007 ...
    Published almost 2 years ago | Rated: +3
  • +6

    When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

    If a student lives with a grandparent, is there any way the student can use the grandparent's income tax information on her FAFSA? I have lived with my grandmother for all 17 years of my life. My parents currently pay a small amount of child support to her, but that is the only financial support that I receive from them. My ...
    Published over 2 years ago | Rated: +6
  • +11

    Death and Disability May Now Get You Out of Paying Loans

    Death and Disability May Now Get You Out of Paying Loans
    According to a press release from Securian Financial Group, Sallie Mae is adding a total and permanent disability discharge on its Smart Option private student loan. This discharge will forgive the loan if the primary borrower becomes totally and permanently disabled. In addition, Sallie Mae will cancel the Smart Option private student loan if the primary borrower dies. Securian Financial Group ...
    Published about 4 years ago | Rated: +11
  • +7

    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 FAFSA. My boyfriend's mother is in Section 8 housing and put me in it and in her food stamps. — J.F. A student who has one or more dependent children ...
    Published about 1 year ago | Rated: +7
  • +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 1 year ago | Rated: +3
  • +23

    10 Easy-to-Make, Easy-to-Avoid Financial Aid Blunders

    10 Easy-to-Make, Easy-to-Avoid Financial Aid Blunders
    Filling out financial aid forms is challenging and a task, to say the least. But don’t rush the process – any mistakes can cause serious delays in the process or, worse, disqualify you all together. Though these seem like common sense-covered areas, the following are errors that students frequently make when filling out financial aid forms. Before submitting any financial aid ...
    Published 2 months ago | Rated: +23