Home / Financial Aid / Expert Financial Aid Advice Articles

Expert Financial Aid Advice Articles

Displaying 1 - 20 of 332
President Obama Proposes Cuts in Aid Programs to Preserve Pell Grant

President Obama Proposes Cuts in Aid Programs to Preserve Pell Grant

President Obama is proposing to cut some student aid programs to maintain the maximum Pell Grant at $5,550 in 2011-12 as part of the FY2012 federal budget request. This comes after ...

Mark Kantrowitz
Published February 14, 2011
Congress Proposes Big Cuts in Pell Grants

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 ...

Mark Kantrowitz
Published February 13, 2011
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
Scholarship and Grant Tips for Nontraditional Students

Scholarship and Grant Tips for Nontraditional Students

Returning students can qualify for plenty of scholarship and grant opportunities.

By Jose Vasquez, author of Free Cash for College: The Everyday Students' Guide to Financial Aid
Published April 21, 2009
February is Financial Aid Awareness Month

February is Financial Aid Awareness Month

There's one very important celebration that takes place all month long that you may have overlooked...Financial Aid Awareness Month!

Elizabeth Hoyt
Published January 21, 2015
Economy Causes Panic over Paying for School

Economy Causes Panic over Paying for School

This year more than ever, the economy is making it more difficult for families to pay for college. The number of financial aid applications is up more than 10% over last ...

Mark Kantrowitz
Published April 21, 2009
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
Which Assets and Debts are Reported on the FAFSA?

Which Assets and Debts are Reported on the FAFSA?

Last year my family had low income ($40,000) but high assets. The assets include $1 million in properties, other investments, the primary home, car, 401(k), IRA and pension plan. How are ...

Mark Kantrowitz
Published January 24, 2011
When is a Stepparent or Adoptive Parent's Income Reported on the FAFSA?

When is a Stepparent or Adoptive Parent's Income Reported on the FAFSA?

My daughter's father and I are divorced and I have remarried. Neither my previous nor my new husband are contributing toward my daughter's education, so I am paying all of the ...

Mark Kantrowitz
Published February 7, 2011
Questions about Income and the Free Application for Federal Student Aid (FAFSA)

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

My husband earns about $125,000 in salary and I am a stay at home mom. My husband just changed jobs and got his deferred salary and his retirement from 25 years ...

Mark Kantrowitz
Published November 9, 2009
Got a Burning Financial Aid Question? Ask the Expert!

Got a Burning Financial Aid Question? Ask the Expert!

Wondering how to maximize your financial aid package? Got a specific student aid question you can't find the answer to? No matter what is its, if you've got a financial aid ...

Published August 18, 2009
Limit Total Student Loan Debt to Less Than $10,000 per Year to Avoid Overborrowing

Limit Total Student Loan Debt to Less Than $10,000 per Year to Avoid Overborrowing

I have twin daughters going to college in the fall. The annual tab (for both girls) after scholarships will be $58,000 in loans per year for four years. We have saved ...

Mark Kantrowitz
Published June 14, 2010
President Obama Proposes Capping Student Loan Payments at 10% of Discretionary Income

President Obama Proposes Capping Student Loan Payments at 10% of Discretionary Income

President Obama proposes to cap student loan payments at 10% of discretionary income as part of a package of proposals outlined by the White House Task Force on Middle Class Families ...

Mark Kantrowitz
Published January 25, 2010
Who is Considered an Independent Student? What if you are not yet 24 years old?

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 ...

Mark Kantrowitz
Published August 9, 2010
Financial Aid Insider Secrets

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 ...

Published December 9, 2009
Reporting of Untaxed Social Security Benefits on the FAFSA and the Impact of IRS Filing Extensions on FAFSA Verification

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 ...

Mark Kantrowitz
Published May 31, 2010
How Do I File the FAFSA in January When Tax Returns Can't Be Filed That Early?

How Do I File the FAFSA in January When Tax Returns Can't Be Filed That Early?

Several universities that we have visited have stressed the importance of getting you FAFSA completed in January. If we don't have all of our financial and tax information yet, how can ...

Mark Kantrowitz
Published January 10, 2011
Does Applying for Financial Aid Affect Your Chances of Admission?

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 ...

Mark Kantrowitz
Published January 31, 2011
Income and Financial Aid Eligibility

Income and Financial Aid Eligibility

In general, with the student not working and in a home with mom and dad both working, what is the maximum income they can earn and still qualify for financial aid? ...

Mark Kantrowitz
Published September 22, 2009
Are "Dual Enrollment" Students Considered College Students on the FAFSA?

Are "Dual Enrollment" Students Considered College Students on the FAFSA?

Families should file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov as soon as possible after January 1. While the federal government accepts the FAFSA as late as June ...

Mark Kantrowitz
Published January 3, 2011