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Expert Financial Aid Advice Articles

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How Do I Become Independent on the FAFSA If I Am Under Age 24?

How Do I Become Independent on the FAFSA If I Am Under Age 24?

If my son applies for public assistance and does his own financial aid, will he be able to apply as independent next year? In addition, (assuming he's able to) would I ...

Mark Kantrowitz
Published April 17, 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
Students Lose Financial Aid for Failure to Make Satisfactory Academic Progress

Students Lose Financial Aid for Failure to Make Satisfactory Academic Progress

I have been attending college for some time now. Ever since my mom passed away I have been really shaking with some of my classes. Last semester I did decent: I ...

Mark Kantrowitz
Published August 29, 2011
Student Aid and Scholarships for Second Degree Students

Student Aid and Scholarships for Second Degree Students

I am thinking about going back to school to get a second bachelors degree. Because I already have a B.A. degree, it seems that I am not able to receive any ...

Mark Kantrowitz
Published September 8, 2009
FAFSA Checklist

FAFSA Checklist

Trust us, if you do have the necessary information on hand, filling out the form will become much simpler.

Elizabeth Hoyt
Published November 14, 2015
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
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
Programs and Scholarships to Pay Off Student Loans

Programs and Scholarships to Pay Off Student Loans

Looking for a bailout? Good news! The only catch is you'll have to do some good...

Elizabeth Hoyt
Published March 3, 2014
How Do I Transfer Financial Aid from One College to Another?

How Do I Transfer Financial Aid from One College to Another?

If I change schools, how do I edit my FAFSA so the money goes to my new school? And about how long would it take for the money to transfer schools? ...

Mark Kantrowitz
Published March 21, 2011
Would Forgiving Student Loans Stimulate the Economy?

Would Forgiving Student Loans Stimulate the Economy?

Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy. Most noteworthy is ...

Mark Kantrowitz
Published August 9, 2009
Why Do Students Drop Out of College?

Why Do Students Drop Out of College?

A study funded by the Bill and Melinda Gates Foundation found that the main reason why students drop out of college is the conflict between school and work and family commitments. ...

Mark Kantrowitz
Published December 17, 2009
Top 10 Tips for Financial Aid

Top 10 Tips for Financial Aid

The top 10 financial aid tips.

Published May 26, 2015
Grads to Get a Break on Student Loan Payments

Grads to Get a Break on Student Loan Payments

If you're struggling to make your monthly student loan payments on your measly first-job salary, you're not alone. The good news is, the government is taking notice -- and changing the ...

Mark Kantrowitz
Published May 26, 2009
Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

Congress passed the Budget Control Act of 2011 on Tuesday, August 2, 2011, raising the debt ceiling at the last minute. The debt deal cuts some student loan benefits, especially for ...

Mark Kantrowitz
Published August 3, 2011
Can a Student be Cut Off from Financial Aid After Taking Too Many Credits?

Can a Student be Cut Off from Financial Aid After Taking Too Many Credits?

I am currently in community college, hoping to transfer to a traditional 4-year college and then proceed to get my masters in teaching. Where my frustration lies is this: I had ...

Mark Kantrowitz
Published April 30, 2012
Secrets to Settling Defaulted Federal Student Loan Debts for Less than What You Owe

Secrets to Settling Defaulted Federal Student Loan Debts for Less than What You Owe

Your federal student loans are in default and collection agencies are calling you dozens of times a day. They are threatening to garnish your wages, offset your income tax refunds and ...

Mark Kantrowitz
Published June 30, 2010
When Will the Financial Aid Award Letter Arrive?

When Will the Financial Aid Award Letter Arrive?

I am new to all of this and I am wondering how soon we find out how much financial aid we will be getting. My son has been accepted at 3 ...

Mark Kantrowitz
Published March 14, 2011
If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

How beneficial is it to have our college attending son file his taxes on his own versus us claiming him as a dependent? Does it make a huge difference in the ...

Mark Kantrowitz
Published February 20, 2012
What Can You Do If Your Parents Won't File the FAFSA or Help Pay for College?

What Can You Do If Your Parents Won't File the FAFSA or Help Pay for College?

I am in kind of a bad situation. I had a bit of personal problems and had to move out of my house and no longer live with my parents. Unfortunately ...

Mark Kantrowitz
Published May 14, 2010
Trick or Treat: President Obama's Plan for Cutting Federal Student Loan Payments

Trick or Treat: President Obama's Plan for Cutting Federal Student Loan Payments

Income-based Repayment Who: 1.6 million borrowers since 2008 with at least one loan in 2012 or later, generally borrowers whose total federal student loans exceeds their annual income What: Reduces ...

Mark Kantrowitz
Published October 26, 2011