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  • +21

    Top Ten Myths About Scholarships

    Top Ten Myths About Scholarships
    There are many myths about who wins private scholarships and the benefits of winning scholarships. These myths can be harmful if they give students and their families unrealistic expectations about their ability to win scholarships. Some myths cause students to underestimate their eligibility for scholarships, discouraging them from applying for scholarships. Other myths cause students and parents to overestimate their eligibility ...
    Published over 3 years ago | Rated: +21
  • +13

    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 colleges and each one wants money to secure his place. One is way more expensive than the others but if we get enough aid he can go there. The deposit ...
    Published about 4 years ago | Rated: +13
  • +285

    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 3 months ago | Rated: +285
  • +46

    The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding

    The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding
    The American Recovery and Reinvestment Act of 2009, also known as the stimulus bill, includes major increases in student aid funding for the 2009-10 academic year. It includes the largest dollar increase ever in the maximum Pell Grant and significantly expands the Hope Scholarship tax credit. It also increases funding for the Federal Work-Study and AmeriCorps programs. The legislation was signed ...
    Published about 6 years ago | Rated: +46
  • +9

    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 amount of aid and/or scholarships he would receive? — Lois H. Whether or not a student is claimed as an exemption on his parents' federal income tax returns has no ...
    Published about 3 years ago | Rated: +9
  • +22

    How does child support affect eligibility for student aid?

    I have been divorced for more than 10 years and receive a small amount of child support from my ex-husband. At the time of the divorce, I agreed to let my him claim my daughter on his income tax return during the odd years. He does not cooperate with any other expenses, so the bulk falls on me. He is anxiously ...
    Published over 5 years ago | Rated: +22
  • +20

    Consequences for Student Financial Aid If Congress Doesn't Raise the Debt Ceiling

    The game of chicken being played out in Washington, DC, may have serious consequences for student financial aid as well as the rest of the economy. Congress and the White House are fighting over raising the debt ceiling, which caps the amount the federal government can borrow to pay its bills. The current debt ceiling is set at $14.294 trillion. The ...
    Published almost 4 years ago | Rated: +20
  • +29

    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 off first? There are two main strategies for accelerating the repayment of debt. One involves paying down the loan with the highest after-tax interest rate first. The other, popularized by ...
    Published over 4 years ago | Rated: +29
  • +14

    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 they will no longer pay for any of my schooling. I previously filled out the FAFSA and did not qualify because my parents made too much money. However, because I ...
    Published 3 months ago | Rated: +14
  • +6

    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 a different career focus before and was taking classes toward fulfilling that goal. Now my college's financial aid administrator says that I have taken too many credits at the community ...
    Published almost 3 years ago | Rated: +6
  • +6

    Can a Student Receive a Pell Grant for a Second College Degree?

    I am a 25-year-old woman looking to go back to school for a second degree in a different field of study than my original degree. I am married to an enlisted sailor and currently unemployed. For my first degree I did not fill out the FAFSA and therefore I did not receive any federal aid in the form of grants or ...
    Published over 2 years ago | Rated: +6
  • +2

    Does Dependency Status on Income Tax Returns Affect Financial Aid Eligibility?

    My daughter graduated from undergraduate school in May of this year. As far as student loans were concerned she was considered a dependent for the 4 years she attended there and we filed our income tax as such. However, she started graduate school in July of this year and in order to attend she had to apply for a student loan ...
    Published about 2 years ago | Rated: +2
  • +3

    Who Really Graduates with $100,000 or More in Student Loans?

    Who Really Graduates with $100,000 or More in Student Loans?
    Newspaper headlines suggest that many students graduate from college with hundreds of thousands of dollars in student loan debt. But is this really the case? A new report, Who Graduates College with Six-Figure Student Loan Debt?, finds that only 0.2% of undergraduate students and 6.4% of graduate students graduated with $100,000 or more in student loans in 2007-08. Far from being ...
    Published over 2 years ago | Rated: +3
  • +8

    Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

    You've mentioned previously that while Parent PLUS loans are nominally eligible for public service loan forgiveness, they are not eligible for IBR or ICR, which leaves nothing left to forgive. Is there no relief for Parent PLUS loans altogether? Or, is there any way for Parent PLUS loans to qualify for loan forgiveness? — Anonymous Federal Parent PLUS loans are not ...
    Published about 2 years ago | Rated: +8
  • +6

    Why Your Grandparents Could be Your Meal Ticket to College

    Why Your Grandparents Could be Your Meal Ticket to College
    There are many ways in which grandparents can help their grandchildren pay for a college education. These include legacy scholarships and tuition assistance programs, educational awards for volunteering and community service, college savings plans and direct gifts. Scholarships for Grandchildren Very few scholarships are based on a grandparent's affiliations. There are many more awards based on a parent's affiliations. However, sometimes ...
    Published about 6 years ago | Rated: +6
  • +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 4 years ago | Rated: +22
  • +8

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"
    The Obama administration revealed the final design for a standardized financial aid award letter on July 24, 2012. This one-page financial aid "shopping sheet" will provide students and their families with clear and easy to understand information about college costs and financial aid. It will enable families to compare college costs and financial aid offers side by side, helping them make ...
    Published almost 3 years ago | Rated: +8
  • +8

    How Does Bankruptcy Affect Eligibility for Student Financial Aid?

    How does a chapter 13 bankruptcy affect financial aid? Would it be difficult to get financial aid for my child because my husband and I filed chapter 13 about 2 years ago? — C. F. A previous bankruptcy can affect eligibility for some education loans but it does not affect eligibility for other forms of financial aid. The Bankruptcy Reform Act ...
    Published almost 4 years ago | Rated: +8
  • +42

    How Will The Student Loan Bill Affect Students?

    How Will The Student Loan Bill Affect Students?
    The US House of Representatives approved the student loan and health care reform legislation on Sunday night, March 21, 2010, by a vote of 220 to 211. No Republicans voted in favor of the legislation. The US Senate is expected to pass the legislation within about a week. The student loan bill will end the federally-guaranteed student loan program, where banks ...
    Published about 5 years ago | Rated: +42
  • +29

    Tuition Saving Tips

    Tuition Saving Tips
    Oh, tuition. Some consider it a nasty word and rightfully so. It’s expensive and can hang over a student’s head throughout college and for years to come. But there are ways to save on tuition – you just need to become savvy about it. It takes time and effort, but when you’re talking about that much money, it’s more than likely ...
    Published about 1 year ago | Rated: +29
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