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How to Pay for College After a Recent Bankruptcy Discharge

How to Pay for College After a Recent Bankruptcy Discharge

My daughter will be starting college in the fall (hopefully). The full cost for each year is approximately $50,000. She received a scholarship for $35,000 and she has enough saved for ...

Mark Kantrowitz
Published June 18, 2012
Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

Seeking Clarification of Income-Based Repayment for Married Student Loan Borrowers

I will begin to pay back my student loans in January. My loan debt is about $134,000 and I'm going to pay it back via income-based repayment (IBR). My husband also ...

Mark Kantrowitz
Published June 25, 2012
Congress Passes One-Year Interest Rate Freeze

Congress Passes One-Year Interest Rate Freeze

Congress passed legislation on Friday, June 29, 2012 to prevent the interest rate on subsidized Stafford loans to undergraduate students from doubling July 1, 2012. The last-minute legislation, which passed with ...

Mark Kantrowitz
Published June 29, 2012
Vietnam Era Veteran Needs Help Paying for Graduate School

Vietnam Era Veteran Needs Help Paying for Graduate School

I will soon be 60 and have returned to school to get a Master's degree in Psychology as I could not get a job here with a BA and compete with ...

Mark Kantrowitz
Published July 2, 2012
6 Ways to Beat Student Loan Debt

6 Ways to Beat Student Loan Debt

You can beat student loan debt with these helpful tips.

By Kathryn Knight Randolph
Published April 29, 2016
Questions about Qualifying for the Federal Parent PLUS Loan

Questions about Qualifying for the Federal Parent PLUS Loan

My son has been accepted to an expensive private non-profit college for the fall. We have been awarded a pretty generous financial aid package from the school (approximately $30,000) which leaves ...

Mark Kantrowitz
Published March 18, 2013
Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

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 ...

Mark Kantrowitz
Published April 8, 2013
New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

The President's budget for fiscal year 2014, which was released on April 10, 2013, includes a proposal for switching new federal student loans to a hybrid fixed/variable interest rate scheme starting ...

Mark Kantrowitz
Published April 12, 2013
How to Qualify for a PLUS Loan Despite an Adverse Credit History

How to Qualify for a PLUS Loan Despite an Adverse Credit History

I'm currently an MBA student who has a VERY adverse credit history. Part of which includes a defaulted Federal Loan. I'm halfway through my first year of business school and find ...

Mark Kantrowitz
Published April 15, 2013
Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?

Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?

Are you familiar with any programs that could assist a low-income social worker who has used up his hardship deferments? Any assistance would be appreciated. I'm in a low-paying county, being ...

Mark Kantrowitz
Published June 13, 2011
Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

I have a question about filling out a FAFSA form for my child. If we fill out the form and my child is granted a loan for college, will the parents ...

Mark Kantrowitz
Published June 18, 2011
President Obama Proposes Student Aid Increases in State of the Union Address

President Obama Proposes Student Aid Increases in State of the Union Address

In the state of the union address on Tuesday, January 24, 2012, President Obama proposed several increases in student aid spending. The first two proposals call for Congress to extend existing ...

Published January 24, 2012
Summary of President Obama's Budget Blueprint for Federal Student Aid

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 ...

Mark Kantrowitz
Published January 30, 2012
Does a Parent's Credit History Affect the Student's Eligibility for Loans and Other Aid?

Does a Parent's Credit History Affect the Student's Eligibility for Loans and Other Aid?

My parents have a Federal Direct PLUS Loan they got while I was an undergraduate student several years ago. Due to their current financial hardship, they haven't been keeping up with ...

Mark Kantrowitz
Published July 11, 2011
Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers who have had a bankruptcy discharge in the last five years are generally not eligible for the Federal PLUS loan. They remain eligible, however, for Federal Stafford, Federal Perkins and ...

Mark Kantrowitz
Published February 16, 2012
Consequences for Student Financial Aid If Congress Doesn't Raise the Debt Ceiling

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 ...

Mark Kantrowitz
Published July 14, 2011
Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

Consumer Bankruptcy Attorneys Call for Return of Bankruptcy Discharge for Student Loans

The National Association of Consumer Bankruptcy Attorneys (NACBA) held a press conference on Tuesday, February 7, 2012 during which they called on Congress to allow federal and private student loans to ...

Mark Kantrowitz
Published February 8, 2012
Facing the Prospect of High Student Loan Debt at a Prestigious College

Facing the Prospect of High Student Loan Debt at a Prestigious College

I graduated from high school with honors in June and have been accepted to a prestigious private college, where I will be majoring in computer science and math. The college awarded ...

Mark Kantrowitz
Published July 18, 2011
9 Ways to Pay Off Student Debt

9 Ways to Pay Off Student Debt

The road to financial recovery can be long but, with the right plan, it doesn't have to be.

Elizabeth Hoyt
Published April 25, 2016
Student Loan Rates Increase: the Impact on You

Student Loan Rates Increase: the Impact on You

On May 8, it was announced that student loan interest rates for the 2014-15 school year would increase for students borrowing from the federal government. Currently, the rates are fixed at ...

By Kathryn Knight Randolph
Published May 12, 2014