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  • -998

    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 the House Republican leadership proposed cutting the maximum Pell Grant by $845 on Friday. The Pell Grant program has a $20 billion funding shortfall due to large increases in the ...
    Published over 3 years ago | Rated: -998
  • -243

    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 3 years ago | Rated: -243
  • +270

    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 or reduced-price school lunch program can still qualify for federal student aid and should submit the Free Application for Federal Student Aid (FAFSA). The FAFSA added a question about the ...
    Published over 3 years ago | Rated: +270
  • +125

    Scholarship and Grant Tips for Nontraditional Students

    Scholarship and Grant Tips for Nontraditional Students
    Like many nontraditional students, I found the process of returning to school intimidating. Worries hung over my head. How would I pay my bills? Support my family? Pay my tuition? It was those questions that drove me to begin my own scholarship hunt. I used FastWeb, asked friends and kept my eyes open. Yet when I found scholarships I was eligible ...
    Published over 5 years ago | Rated: +125
  • +276

    February is Financial Aid Awareness Month

    February is Financial Aid Awareness Month
    February is one short month jam-packed with tons of important events! Yep, February claims Groundhog's Day, Black History Month, Ash Wednesday, Valentine's Day and President's Day. While you probably thought that was enough to fill such a short month, there's one very important celebration that takes place all month long that you likely overlooked. But, at Fastweb, it's one of our ...
    Published 7 months ago | Rated: +276
  • +78

    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 year. Lenders are suspending loan programs and tightening credit standards. Families are concerned -- really concerned -- about obtaining loans and paying for college. Add in the possibility of job ...
    Published over 5 years ago | Rated: +78
  • +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 over 3 years ago | Rated: +24
  • +22

    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 the assets counted for determining need-based financial aid? — S.S. Certain types of assets are not reported on the Free Application for Federal Student Aid (FAFSA). For example, the net ...
    Published over 3 years ago | Rated: +22
  • +13

    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 expenses myself. How can I show that in my taxes and on the FAFSA so the aid calculations are not made using twice the income that is actually being applied ...
    Published over 3 years ago | Rated: +13
  • +21

    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 of employment, so last year's income looks huge when it really wasn't. We also have a 19-year-old child with autism who lives in a group situation with social and living ...
    Published almost 5 years ago | Rated: +21
  • +12

    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 question, "Kantro" has the answer. Mark Kantrowitz is one of the top financial aid experts in the country and he's answering YOUR questions, here on FastWeb! Nationally recognized and often ...
    Published about 5 years ago | Rated: +12
  • +24

    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 $47,000 for the first year and anticipate being able to save about $12,000 per year to apply towards payments over the three remaining years. This leaves us looking for loans ...
    Published about 4 years ago | Rated: +24
  • +150

    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 on January 25, 2010. Debt would also be forgiven after 20 years in repayment. This proposal would enhance the income-based repayment plan which was enacted by Congress as part of ...
    Published over 4 years ago | Rated: +150
  • +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 4 years ago | Rated: +35
  • +5

    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 the economy, you're most likely going to have to get some sort of outside help in your pursuit of higher education. Don't panic! This video will provide you with an ...
    Published over 4 years ago | Rated: +5
  • 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 about 4 years ago | Rate This
  • +24

    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 we complete the application that early? — Claudia G. The Free Application for Federal Student Aid (FAFSA) should be submitted as soon as possible after January 1. While the federal ...
    Published over 3 years ago | Rated: +24
  • +17

    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 need financial aid? For example, would it be advantageous for a student whose parents earn $150,000 and have adequate savings to tell a college costing $30,000 that they do not ...
    Published over 3 years ago | Rated: +17
  • +19

    The Horrors of Defaulting on Education Debt

    The Horrors of Defaulting on Education Debt
    This is a cautionary tale of the consequences of defaulting on education debt, based on the experiences of seven borrowers of federal and private student loans. The stories are all true, but names and inconsequential details have been changed to protect the borrowers. Education debt is a necessary evil. Most students graduate from college with debt. For example, seven out of ...
    Published almost 5 years ago | Rated: +19
  • Rate

    How Much Income is Too Much When Applying for Need-Based Aid?

    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? — Tracee N. Federal student aid is awarded based on the student and parent income and assets, household size, number of children in college and a variety of other factors. ...
    Published almost 5 years ago | Rate This
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