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  • +7

    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 younger people. I have used up my GI bill (Vietnam era Navy vet), received a loan for money for school, but have to live off of that as well as ...
    Published almost 2 years ago | Rated: +7
  • +7

    What Kind of Financial Aid is Available for Graduate School? Will My Credit History Affect the Amount and Types of Aid?

    I recently decided to go back to school for a degree in software engineering. My short terms goal after school is to apply for a job with one of the top software application companies. My long term goal is to eventually start my own business specializing in creating custom apps for businesses and/or individuals. I am in debt from previous undergraduate ...
    Published almost 2 years ago | Rated: +7
  • +7

    Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

    I have daughter who will be attending college in the fall of 2013 (and a son in 2017). For various reasons, our savings are not sufficient to pay for college given the current costs that I see. As home mortgage refinance rates have dropped to their lowest levels in my lifetime (around 3.75%), I had the notion of conducting a refinance ...
    Published almost 2 years ago | Rated: +7
  • +7

    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 over 1 year ago | Rated: +7
  • +7

    Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

    I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ex-husband) as the account owner. My son's Coverdell lists me as the account owner. How do I report my daughter's Coverdell on the FAFSA? The fund will not give me ...
    Published about 4 years ago | Rated: +7
  • +7

    Options for a Student Whose Parents Refuse to Complete the FAFSA

    I have been financially independent from my parents since I was 19. I'm 23 now. I've been working two jobs and taking 12 hours in school. My school says that I cannot file a FAFSA without my parents' information. My parents will not give me their tax information or even fill it out online. I don't have the stamina to work ...
    Published about 4 years ago | Rated: +7
  • +7

    The Procrastinator's Guide to Financial Aid

    When it comes to financial aid, late is often too late. Funds for next year are already allotted, and your school simply has nothing more to give. But don't give up until you consider these options: Step 1: Check out your school's Web site. Many sites provide information about the school's late applicant policies, additional suggestions for late applicants and links ...
    Published over 5 years ago | Rated: +7
  • +7

    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 myself needing more money. I've found someone who does not have an adverse credit history who is willing to cosign. I'm worried that I still won't receive the loan. What ...
    Published about 1 year ago | Rated: +7
  • +7

    Does Joint Repayment Obligate Spouses for Each Other's Student Loans?

    I applied to have both my husband's and my student loan debt considered in determining our payments under income-based repayment. This reduced our payments significantly. My concern is that the repayment plan selection forms have a box to check that accepts responsibility for your spouse's loan. My student loan debt is considerably higher than my husband's and should I precede him ...
    Published over 1 year ago | Rated: +7
  • +7

    Drowning in Six-Figure Debt for a Low-Paying Field of Study

    I am going to be attending a New York university this spring as a music major. My ultimate goal is to get a doctorate of ethnomusicology and to teach at a university while also completing fieldwork research. My loan debt will be very high (at least $100,000). Do you know how to attempt to get a high-paying college job right out ...
    Published over 3 years ago | Rated: +7
  • +7

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

    QUESTION: Why not borrow from my 401(k) for my daughter's college tuition, as there will be less to lose in this economic crisis? -- Betsy Thomas ANSWER: Borrowing from your 401(k) is almost always a big mistake. It may seem innocuous, since instead of paying back a bank loan, you're paying yourself. But you've lost the opportunity to earn further returns ...
    Published almost 5 years ago | Rated: +7
  • +7

    Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

    We married in January of last year, after my husband graduated with a Master's degree in December. His loans total $65,000 and he earned $20,000 last year. I graduated in May with a doctorate in physical therapy and $175,000 in debt. My income last year was $33,000. Our combined AGI was $53,000. For our federal loans we want income-based repayment. But ...
    Published about 2 years ago | Rated: +7
  • +7

    Albany City Council Passes Loan Forgiveness Resolution

    Albany City Council Passes Loan Forgiveness Resolution
    The Albany Common Council passed a non-binding resolution urging Congress to "consider forgiving student loans" on Monday, August 17, 2009 by a vote of 12 to 0. The city council's resolution was inspired by similar calls for forgiveness by several Facebook groups. Resolution #43.42.09R was proposed by Jim Sano, chair of the city council's Finance Committee. It urges Congress to forgive ...
    Published over 4 years ago | Rated: +7
  • +7

    What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

    As a guidance counselor, I have many families asking me if there's any downside to taking out a federal unsubsidized loan. They need loan money either way and the rates for the private loans are much higher than the government loans. Most advice sites and articles are very general in nature. Can you provide any specifics on what would be the ...
    Published almost 2 years ago | Rated: +7
  • +7

    An Early Look at the New Income-Based Repayment Plan

    A new version of income-based repayment (IBR) was enacted by the Health Care and Education Reconciliation Act of 2010, but will be effective only for new borrowers on or after July 1, 2014. President Obama has proposed fast-tracking the new IBR plan to make it available to more students sooner. This article presents a sneak peak at the details of the ...
    Published almost 2 years ago | Rated: +7
  • +7

    Private Student Loans Add Fixed Rate Options

    Student loan pricing goes through cycles. When fixed interest rates are high but variable interest rates are heading downward, borrowers prefer variable interest rates. When variable interest rates are low but likely to head higher, borrowers prefer fixed-rate options. A little over a year ago only one commercial lender, SunTrust, offered a fixed-rate option on its loans. Today there are eight, ...
    Published almost 2 years ago | Rated: +7
  • +6

    PLUS Loans for Grad Students

    PLUS Loans for Grad Students
    Graduate and professional students can borrow money for school through the PLUS Loan Program. Qualifying students who are enrolled at least half time can take out a loan for up to the cost of attendance, minus the amount of other forms of financial aid. You must file a FAFSA and accept all Stafford Loans you are offered before applying for the ...
    Published almost 5 years ago | Rated: +6
  • +6

    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 July 1, 2013. A similar proposal was introduced the day before by several Republican Senators as the Comprehensive Student Loan Protection Act (S.682). Subsidized Stafford Loan Rate May Double Currently, ...
    Published about 1 year ago | Rated: +6
  • +6

    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 be discharged in bankruptcy, to restore a reasonable statute of limitations on student loan collections and to improve oversight of private collection agencies. NACBA also released the results of a ...
    Published about 2 years ago | Rated: +6
  • +6

    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 me $31,000 in grants and scholarships, but I still need to come up with $20,000. I applied for a student loan with each of my parents and was declined, both ...
    Published almost 3 years ago | Rated: +6