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  • +5

    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 be cosigners or responsible in any way for their child's loan either now or in the future? — D.F. No. The Free Application for Federal Student Aid (FAFSA) is the ...
    Published about 4 years ago | Rated: +5
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    Wells Fargo Adds Death and Disability Discharges to Private Student Loans

    Wells Fargo announced on December 17, 2010 that it is adding death and disability discharges to its private student loan products. When the student borrower dies or becomes totally and permanently disabled, the remaining debt will be discharged. This new policy applies to all Wells Fargo private student loans, including loans with a cosigner. Total and permanent disability is defined as ...
    Published over 4 years ago | Rated: +5
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    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 the payments. I also had some college loans which I am paying regularly without problems. I would like to know if my parents' financial situation will impact my credit, since ...
    Published about 4 years ago | Rated: +5
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    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 Federal Consolidation loans. Section 428B(a)(1)(A) of the Higher Education Act of 1965 [20 USC 1078-2(a)(1)(A)] specifies that borrowers of a Parent PLUS or Grad PLUS loan may not have an ...
    Published over 3 years ago | Rated: +5
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    A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

    I gave college a shot when I was 18 and dropped out due to major health problems. Student loans obviously did not disappear because of this and I have been struggling with them ever since. Now at age 24 I finally feel that I am healthy enough to give school a second try. I thought I had every detail worked out ...
    Published about 4 years ago | Rated: +5
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    Tax Breaks for Student Loans

    Tax Breaks for Student Loans
    Good news! The interest you pay on your student loan might let you pay less on your taxes. Thanks to the Taxpayer Relief Act of 1997, tax time will be a little better for you and other student borrowers. How It Works Depending on your specific loan situation, you may be eligible to deduct some of the interest you pay on ...
    Published almost 8 years ago | Rated: +5
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    Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

    I am 47 and recently divorced single parent of two children, ages 7 and 8. I spent the last 9 years as a stay-at-home parent. As a result of the divorce, I am re-entering the job market. My last position, as a training and development specialist for a bank, earned roughly $45,000. It has been somewhat difficult obtaining full-time employment and ...
    Published over 3 years ago | Rated: +5
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    Questions about the Health Care and Education Reconciliation Act of 2010

    If you have already graduated from college, will you be affected by the new changes to student loans in the health care bill? — Lauren A. No. None of the changes enacted by the Health Care and Education Reconciliation Act of 2010 will affect students who have already graduated. Starting July 1, 2010, all new federal education loans will be made ...
    Published over 5 years ago | Rated: +5
  • +4

    Government Report Reviews Private Student Loans and Recommends Statutory Changes

    The Consumer Financial Protection Bureau (CFPB) and the US Department of Education released a report to Congress about private student loans on July 20, 2012 as mandated by section 1077 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203, 7/21/2010). The report discusses the growth and changes in the private student loan marketplace, the use of private student ...
    Published about 3 years ago | Rated: +4
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    Will a Parent PLUS Loan be Denied When Applying for Two Loans for Two Children?

    I am applying for two Parent PLUS loans because I have twins going to school at the same time. Is it possible one loan will be denied because we are applying for two at the same time? What can I do if one of the applications is denied? We have good credit 730 and 780 for each of us. — Michelle ...
    Published about 3 years ago | Rated: +4
  • +4

    Changes in Store for Student Loan Programs

    Recent changes on popular student loan programs will affect recent college graduates, incoming college freshman and parents too. Interest Rates Up As of July 1, new Stafford loans carry a fixed interest rate of 6.8 percent for the life of the loan. Previously, Stafford loans had a variable interest rate that was adjusted every July and a lower interest rate while ...
    Published over 8 years ago | Rated: +4
  • +4

    Is There a Better Option for Financing a College Education than a Parent PLUS Loan?

    I have a simple question: Is there currently a better option to help finance my sophomore daughter's college education than a 7.9% PLUS loan? That just seems a bit high given the current economic environment? — Alan S. When considering how to finance a college education, there are many options, including federal education loans, private student loans and non-education loans. It ...
    Published almost 3 years ago | Rated: +4
  • +4

    How does bankruptcy affect PLUS loan eligibility?

    I applied for a Parent PLUS loan for my son's education starting this fall. I was turned down due to filing chapter 7 four years ago this October. They said I would not be able to get funds until October of 2010. My lawyer, who helped me file chapter 7 said that he believed this was discrimination and not allowed. Is ...
    Published almost 6 years ago | Rated: +4
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    How will a Parent's Financial Troubles Affect the Student's Eligibility for Student Loans?

    My 17-year-old daughter is eager to begin college. We have some difficult financial situations to contend with and could use your advice and direction. Her dad and I are divorced. I have poor credit due to excessive debt, and late payments. I am considering a debt settlement plan right now on two of my debts. I have outstanding student loans, and ...
    Published over 3 years ago | Rated: +4
  • +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 about 3 years ago | Rated: +3
  • +3

    Social Worker with Six Figure Debt Seeks Advice Handling Student Loans

    Help! I am a 24-year-old recent college graduate who is struggling to find full-time employment. I'm currently working full-time hours on a three-month contract that is going to expire at the end of the month. I received my Master's degree in Social Work and do not expect a high starting salary based upon the current market. My student loans from undergrad ...
    Published over 3 years ago | Rated: +3
  • +3

    Can You Get a Loan-Free Education?

    Can You Get a Loan-Free Education?
    Universities like Harvard, Princeton and Yale are doing away with college loans in favor of endowment-driven grants. Could this spark a bona fide loan-free trend among the nation's colleges? Is this the financial leg up you've been hoping for? The good news is that if your family's income is less than a certain magic number, you are bound to be eligible ...
    Published over 6 years ago | Rated: +3
  • +3

    Employer Tuition Assistance Programs

    Considering going back to school, but aren't quite sure how you're going to pay for it all? The solution may be closer than you think. Many employers now sponsor tuition assistance programs. Typically managed through a company's human resources department, tuition-assistance programs can do more than save you money. They also offer you the chance to integrate your formal education with ...
    Published about 7 years ago | Rated: +3
  • +3

    Education Lender Agrees to Pay Borrowers $9.75 Million in Class-Action Lawsuit Settlement

    Education Lender Agrees to Pay Borrowers $9.75 Million in Class-Action Lawsuit Settlement
    If you borrowed federal student loans from NorthStar Education Finance, you may get a small refund as part of a class action settlement concerning NorthStar Education Finance's suspension of its T.H.E. Repayment Bonus loan discount program. As a non-profit education lender, NorthStar Education Finance had one of the best loan discount programs, which provided a 1% interest rate reduction for undergraduate ...
    Published over 5 years ago | Rated: +3
  • +3

    How can a student on academic probation pay for college with no aid?

    My son has brain damage along with seizures and a reading learning disability. With all the doctors appointments, hospital stays and seizures he is on academic probation this semester. So that means, well you know what that means, he will not be allowed to apply for FAFSA this semester. My question to you all is how can I afford to pay ...
    Published over 5 years ago | Rated: +3
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