Home / Financial Aid / Expert Financial Aid Advice Articles

Expert Financial Aid Advice Articles

Displaying 61 - 80 of 334
Dad Died, Mom Remarried; Grandma Moved In. How do These Changes Affect My FAFSA?

Dad Died, Mom Remarried; Grandma Moved In. How do These Changes Affect My FAFSA?

We recently had an addition in the family. Not a new sibling, but my mother's mom is now living with us. She's great and we love having her, but she's not ...

Mark Kantrowitz
Published November 16, 2009
Questions about Net Assets and Changes in Marital Status

Questions about Net Assets and Changes in Marital Status

On the asset section of the FAFSA form if you have $100,000 in stocks but also have a $75,000 margin loan balance would you net this out and put down $25,000 ...

Mark Kantrowitz
Published February 15, 2010
Tips for Evaluating Financial Aid Award Letters

Tips for Evaluating Financial Aid Award Letters

Financial aid award letters provide college students with information about college costs and the types and amount of financial aid the student will receive. Families rely on the financial aid award ...

Mark Kantrowitz
Published December 10, 2010
Wells Fargo Adds Death and Disability Discharges to Private Student Loans

Wells Fargo Adds Death and Disability Discharges to Private Student Loans

Wells Fargo announced on December 17, 2010 that it is adding death and disability discharges to its private student loan products. When the student borrower dies or becomes totally and permanently ...

Mark Kantrowitz
Published December 18, 2010
Best Strategies for Paying off Debt Quicker

Best Strategies for Paying off Debt Quicker

Suppose you've made the required payments on all your loans and want to use some extra money to pay off your debt quicker. How do you choose which loan to pay ...

Mark Kantrowitz
Published October 11, 2010
How does bankruptcy affect PLUS loan eligibility?

How does bankruptcy affect PLUS loan eligibility?

I applied for a Parent PLUS loan for my son's education starting this fall. I was turned down due to filing chapter 7 four years ago this October. They said I ...

Mark Kantrowitz
Published September 1, 2009
Questions about How to Handle an Inheritance and Scholarships for Cancer Survivors

Questions about How to Handle an Inheritance and Scholarships for Cancer Survivors

Our son is a sophomore in college. He receives both subsidized and unsubsidized loans. My husband and I have been paying the remaining balance for his education. I recently inherited approximately ...

Mark Kantrowitz
Published November 1, 2010
First Steps Toward Simplifying the FAFSA

First Steps Toward Simplifying the FAFSA

Student aid policy experts have argued for years that the Free Application for Federal Student Aid (FAFSA) is too long and too complicated. The FAFSA form is a source of confusion ...

Mark Kantrowitz
Published July 5, 2009
When should you apply for scholarships and financial aid?

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? — ...

Mark Kantrowitz
Published October 13, 2009
If the Financial Aid Package Does Not Fit, A Request for More Aid You Should Submit

If the Financial Aid Package Does Not Fit, A Request for More Aid You Should Submit

I'm 16 years old and I'm the valedictorian of my senior graduating class in New York City. This year was a very difficult one finding the right college to go; fortunately ...

Mark Kantrowitz
Published July 5, 2010
Ask the Expert: Why Not Borrow from My 401(k) for My Daughter's College Tuition?

Ask the Expert: Why Not Borrow from My 401(k) for My Daughter's College Tuition?

Why borrowing tuition money from your 401(k) is a bad idea.

By Mark Kantrowitz
Published April 21, 2009
Is tuition refund insurance worthwhile?

Is tuition refund insurance worthwhile?

College is a big investment, as expensive as buying an automobile or a house. You insure your car and your home, why not insure your child's college education? Tuition refund insurance ...

Mark Kantrowitz
Published July 31, 2009
Options for a Family Denied Education Loans Due to Insufficient Income

Options for a Family Denied Education Loans Due to Insufficient Income

My daughter received some financial aid for her freshman year of college but we still had to take out a sizable loan for the rest. She applied for a loan her ...

Mark Kantrowitz
Published October 4, 2010
Best Money Books for New College Graduates

Best Money Books for New College Graduates

College is a transition from a sheltered existence where your parents worried about money matters on your behalf to the real world where you are responsible for making ends meet. But ...

Mark Kantrowitz
Published October 7, 2010
FAFSA Questions Concerning Assets and Legal Guardianships

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 ...

Mark Kantrowitz
Published October 20, 2009
Why Do Some Merit-Based Scholarships Require the FAFSA?

Why Do Some Merit-Based Scholarships Require the FAFSA?

I am a 38-year-old student who returned to junior college after being laid off and being unable to find a comparable job. Because I was a "good saver" in my 20's, ...

Mark Kantrowitz
Published July 12, 2010
Treatment of Grandparent Assets Held by a Parent on the FAFSA

Treatment of Grandparent Assets Held by a Parent on the FAFSA

I am completing the FAFSA for my son and daughter. My Mom is elderly and has put my name as secondary on her accounts. Do I have to report the money ...

Mark Kantrowitz
Published April 5, 2010
Questions about the Health Care and Education Reconciliation Act of 2010

Questions about the Health Care and Education Reconciliation Act of 2010

If you have already graduated from college, will you be affected by the new changes to student loans in the health care bill? — Lauren A. No. None of the changes ...

Mark Kantrowitz
Published April 12, 2010
How can a student on academic probation pay for college with no aid?

How can a student on academic probation pay for college with no aid?

My son has brain damage along with seizures and a reading learning disability. With all the doctors appointments, hospital stays and seizures he is on academic probation this semester. So that ...

Mark Kantrowitz
Published January 18, 2010
Clearing Up Confusion. What are Parents Responsible for on FAFSA?

Clearing Up Confusion. What are Parents Responsible for on FAFSA?

There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on ...

Mark Kantrowitz
Published January 25, 2010