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  • +26

    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 6 months ago | Rated: +26
  • +23

    The Best Schools for Financial Aid

    The Best Schools for Financial Aid
    You know that most schools offer financial aid assistance to students who need it, but have you ever wondered if some colleges offer more than others? Some do. These schools prove that it is possible to make educational funding readily available to their students. Here are the country’s top ten colleges for students looking for financial aid, according to The Princeton ...
    Published 11 months ago | Rated: +23
  • +27

    "Free Money" & Taxes

    "Free Money" & Taxes
    Do you know the difference between a scholarships, grant and fellowship? Are you aware of the tax statuses of scholarships, grant and fellowship funding? It’s important to know the differences between the types of award funding, along with any government regulations applied to student award funds. Luckily, the majority of scholarships, fellowships and grants have built-in stipulations that require the funds ...
    Published 12 months ago | Rated: +27
  • +20

    The Restoration of Lower Student Loan Rates

    The Restoration of Lower Student Loan Rates
    Remember when student loan rates doubled in July after a lack of congressional action to stop it? That’s been reversed, after President Obama signed a law that restores lower interest rates for students. Republicans and democrats were finally able to come up with, what the President called a sensible, reasonable approach. The compromise came about after a series of summer negotiations. ...
    Published about 1 year ago | Rated: +20
  • +27

    How America Pays for College

    How America Pays for College
    Sallie Mae, the nation’s number one financial services company specializing in education, in conjunction with Ipsos, has released a new national study, "How America Pays for College 2013." The study’s findings were based on survey results from around 800 undergraduate students, between the ages of 18 and 24 years old and the parents of undergraduate students. According to the study, families ...
    Published about 1 year ago | Rated: +27
  • +17

    Debt Worriers

    Debt Worriers
    At this point, it’s old news that student loan rates have doubled. It’s also nothing new to hear that student debt is higher than ever, surpassing $1 trillion. Student loan debt inflicts one out of five Americans over the age of 20; two out of three college seniors (2011). The average amount is nearly $27,000 – not a small amount by ...
    Published about 1 year ago | Rated: +17
  • +29

    The “Free” Tuition Experiment

    The “Free” Tuition Experiment
    No matter where you attend college today, costs have skyrocketed, leaving students with the impending doom of student debt for years to come. Meanwhile, public funding for education has been declining to the point of nonexistence, as far as many students are concerned. So, what can be done to combat the issue? It seems as though many are considering the recent ...
    Published about 1 year ago | Rated: +29
  • +22

    Are You a College Drop-Out Risk?

    Are You a College Drop-Out Risk?
    Yep, it happened. Congress couldn't get their act together, so now you’re going to have to pay more. But, before you borrow, make sure it will pay off in the future. What do we mean by this? Investing in your education is a good thing; it’s even often referred to as “good” debt. As long as you get a degree to ...
    Published about 1 year ago | Rated: +22
  • +4

    Quick Answers to Common Questions about Financial Aid

    Financial aid is an inherently complicated topic. Sometimes students and parents have questions that may seem obvious to people who have more experience with financial aid. But they can't find the answers they need. This week's Ask Kantro column addresses several such questions. Hi. I was wondering how or where you can apply for the federal supplemental educational opportunity grant. I ...
    Published over 1 year ago | Rated: +4
  • +24

    Financial Aid Glossary

    Academic Year: The period in which school is in session - typically September through May. Accrual Date: The date on which interest charges on an educational loan begin to accrue. Adjusted Available Income: The remaining income after taxes and a basic living allowance have been subtracted (in the Federal Methodology). Assets: Cash in checking and savings accounts, trusts, stocks, bonds, other ...
    Published over 1 year ago | Rated: +24
  • +5

    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 almost 2 years ago | Rated: +5
  • +5

    Is the Pell Grant Reduced When the Student Wins a Private Scholarship?

    My daughter has been approved for a Pell Grant. She recently received notification that she has won a $1,000 scholarship. Will the scholarship reduce her Pell Grant? — Virginia M. The Pell Grant is never reduced when the recipient wins a private scholarship. Some forms of need-based financial aid are reduced when a student wins a scholarship. These include federal campus-based ...
    Published about 2 years ago | Rated: +5
  • +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 about 2 years ago | Rated: +8
  • +7

    Can a Student Receive Both Need-Based Grants and Merit-Based Scholarships?

    If a child does receive FAFSA can they still receive scholarships and grants? — Y.P. The Free Application for Federal Student Aid (FAFSA) is used to apply for need-based financial aid from the federal government, state governments and most colleges. The financial aid will include a mix of grants, loans and student employment. The terms grants and scholarships are often used ...
    Published over 2 years ago | Rated: +7
  • +4

    Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

    My wife and I make about $150,000 in combined income. We have probably $350,000 in home equity, $100,000 in rental property equity and $500,000 in retirement accounts. We have three kids in college and a fourth starting in the fall a year from now. We hope to quit our jobs at some point and move to Nicaragua (or another Central American ...
    Published over 2 years ago | Rated: +4
  • +5

    Summary of President Obama's Budget Blueprint for Federal Student Aid

    This article summarizes President Obama's FY2013 budget proposals for the federal student aid programs. Most of these proposals will require Congressional approval before they can be implemented. The combined cost of the President's proposals are in excess of $10 billion per year. Editor's note: This article has been updated to reflect the education appendix to the FY2013 budget, as released on ...
    Published over 2 years ago | Rated: +5
  • +7

    Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

    The U.S. House of Representatives and U.S. Senate are considering proposals to cut student financial aid in the FY2012 federal education budget. Rep. Denny Rehberg (R-MT), chairman of the House Appropriations subcommittee with oversight over education spending, released draft legislation (H.R. 3070) on Friday, September 30, 2011, which includes several changes to student financial aid for college. The legislation was referred ...
    Published almost 3 years ago | Rated: +7
  • +18

    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 almost 3 years ago | Rated: +18
  • +12

    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 graduate and professional students, but avoids a more severe cut in government grants for undergraduate students. The Budget Control Act of 2011 passed the US House of Representatives by a ...
    Published about 3 years ago | Rated: +12
  • +19

    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 about 3 years ago | Rated: +19
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