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  • +26

    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 over 1 year ago | Rated: +26
  • +11

    Top Strategies for Maximizing Aid Eligibility

    Top Strategies for Maximizing Aid Eligibility
    These strategies will have the largest impact on need-based aid eligibility. By implementing these strategies, you will be able to maximize your aid eligibility and therefore have a chance of receiving more financial aid. None of these strategies are guaranteed, but they do offer the best chance. 1. Save money in the parent's name, not the child's name. Or use a ...
    Published over 1 year ago | Rated: +11
  • +25

    FAFSA Information for DACA Students

    FAFSA Information for DACA Students
    The Immigration Policy Center estimates that “approximately 65,000 undocumented students graduate from high school” annually. DACA students are defined as a subgroup of these undocumented students who have received Deferred Action for Childhood Arrivals (DACA). What is Deferred Action? The U.S. Citizenship and Immigration Services (USCIS) defines "deferred action" as "a discretionary determination to defer a removal action of an individual ...
    Published 7 months ago | Rated: +25
  • +18

    Prepare to Pay Even More for School

    Prepare to Pay Even More for School
    Student Loan Interest Rates Set to Skyrocket for 7 Million Students & Counting If Congressional action isn't taken, the interest rates on government subsidized student loans will double to 6.8 percent on July 1st of this year. This change will affect one third of undergraduate students who are receiving Federal Direct Stafford Loans. The high interest rates aren't news to undergraduates ...
    Published about 2 years ago | Rated: +18
  • +21

    FAFSA Updated to Accommodate Same-Sex Parentage

    FAFSA Updated to Accommodate Same-Sex Parentage
    Progression has reached federal student aid as news that the FAFSA form will now recognize parents that are also same-sex couples. Currently, the Free Application for Federal Student Aid referred to “mother/stepmother” and “father/stepfather” in reference to obtaining information about an applicant’s parents. As a result, applicants with same-sex parents had no choice but to either choose to classify parents at ...
    Published about 2 years ago | Rated: +21
  • +28

    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 almost 2 years ago | Rated: +28
  • +22

    Get Paid to Stay In State? Students Speak Out

    We asked FastWeb members whether they would consider staying in their home state after graduation if it meant they wouldn't have to pay back their student loans and here's what they had to say: "I definitely would stay in my home state for loan forgiveness. I have personally already been a college graduate for a year and see this as ...
    Published about 8 years ago | Rated: +22
  • +21

    Over $2.9 Billion in Free College Money Unclaimed by Students – Why?

    Over $2.9 Billion in Free College Money Unclaimed by Students – Why?
    According to a recent study* by NerdScholar, the higher education team at NerdWallet, high school graduates in the U.S. left more than $2.9 billion in free federal grant money unused over the last academic year. Sounds crazy, right? Crazy but true. How is that even possible? Well, according to the study, their only mistake was not completing the FAFSA. If you’ve ...
    Published 5 months ago | Rated: +21
  • +8

    Evaluating Financial Aid Consultants

    Without a doubt, figuring out how to pay for college can be a pretty stressful experience. You might be considering a financial aid consultant to help you through the college cost maze. Financial aid consultants provide advice and services to make the financial aid process a little easier. But before you choose a consultant, there are some things you should consider. ...
    Published almost 7 years ago | Rated: +8
  • +6

    Does Adoption Affect an Orphan's Eligibility for Financial Aid?

    I am trying to advise two students whose mother died four years ago and their father died last week, unfortunately. The girls' grandmother is now taking care of them (a 9th and 10th grader) and we are concerned about the possible college financial ramifications. They are in the process of determining the Social Security benefits from their father's contributions. Once that ...
    Published about 2 years ago | Rated: +6
  • +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 about 3 years ago | Rated: +4
  • +22

    Guidelines for Financial Freedom

    Guidelines for Financial Freedom
    When you’re a student trying to pay for school, one of the greatest challenges can be managing your finances in the best way possible. With so many options out there, it’s difficult to decipher right from wrong and what will be best for you in the future. Following these guidelines will help you understand how to determine what’s best for you, ...
    Published almost 2 years ago | Rated: +22
  • -2

    What to Do If Your Financial Aid Is Not Enough

    You want to go to college, but you can't meet the costs. According to financial aid expert Gary Williams, all may not be lost: After all of the work it takes to be successful in high school and gain admission to college, it can be extremely disappointing if your family cannot afford tuition. To avoid this situation, take a few basic ...
    Published almost 7 years ago | Rated: -2
  • +18

    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 almost 2 years ago | Rated: +18
  • +5

    Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

    Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such as credit cards and auto loans, are ignored on the Free Application for Federal Student Aid (FAFSA). Even education loans are ignored. The only exception to this rule occurs when ...
    Published about 4 years ago | Rated: +5
  • +3

    When Should a Child's UTMA or UGMA Account be Moved into a 529 College Savings Plan Account?

    I have an old UTMA account for my daughter with Janus, with approximately $5,000 in gains. I opened this before they even had 529 college savings plans. I was thinking of transferring this to a 529 account with NYSaves.com. My daughter is 13. Is it worth transferring this UTMA account to a 529 and paying capital gains now, or is it ...
    Published over 3 years ago | Rated: +3
  • +4

    Student Debt Guide: Budgeting and Credit Cards

    Student Debt Guide: Budgeting and Credit Cards
    By now, we’re all aware that managing money can be quite difficult. Here are some surefire ways, straight from nationally recognized financial expert Mark Kantrowitz, on how to help stay on track when it comes to pinching pennies. [gate] First, exercise control over your money by increasing awareness of your spending habits. Start by preparing a descriptive budget, where you track ...
    Published over 2 years ago | Rated: +4
  • +7

    Impact of a Gift Trust Account on Eligibility for Need-Based Financial Aid

    My daughter turned 18 recently, and received a $25,000 mutual fund statement with her name on it. Her aunt had put $10,000 away in 1995 in a gift trust account for a minor. This was a mutual fund account in which the interest was reinvested each year and therefore no IRS interest statements were generated. We were unaware that her aunt ...
    Published almost 3 years ago | Rated: +7
  • +41

    Are You Really Paying More for College?

    Are You Really Paying More for College?
    For years, the college cost inflation rate has been steadily rising by roughly 7% each year. The 2010-2011 academic year is no exception. According to College Board, who recently released their Trends in College Pricing and Trends in Student Aid, the average cost of tuition and fees at four-year public schools rose 7.9% while the average rate at private colleges and ...
    Published over 4 years ago | Rated: +41
  • +5

    Is There Any Way to Shelter Retirement Plan Distributions on the FAFSA?

    My question is simple: is there a way to withdraw money from my 401(K), at age 59 1/2, that will not be counted as income for FAFSA purposes? Although I receive an annual pension of $34,500, I fall short by about $20,000 to meet my annual expenses. Should I withdraw what I need for next year this year, so it doesn't ...
    Published about 3 years ago | Rated: +5
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