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  • +10

    First Steps Toward Simplifying the FAFSA

    First Steps Toward Simplifying the FAFSA
    Student aid policy experts have argued for years that the Free Application for Federal Student Aid (FAFSA) is too long and too complicated. The FAFSA form is a source of confusion and frustration for many families. The policy experts have proven that the current process of applying for financial aid is itself a problem that prevents millions of students from applying ...
    Published almost 5 years ago | Rated: +10
  • +5

    Top College Cost Drivers

    The United States is home to the world’s most expensive higher education system. So says the College Board, an educational testing and services group. That probably doesn’t surprise you, especially if you are among those paying or preparing to pay the average of $5,800 a year in tuition to attend a four-year public university. (That figure skyrockets to an average of ...
    Published almost 7 years ago | Rated: +5
  • +22

    Introduction to Saving for College

    Introduction to Saving for College
    You're about to have a baby and you're already worrying about how to pay for their college education. Or your son or daughter just started high school and you read about some private colleges costing more than $50,000 a year. How are you going to be able to afford four years of a college education? Don't panic! The solution is to ...
    Published over 4 years ago | Rated: +22
  • +6

    Cost of Raising Children from Birth to High School Graduation Up 4.4% to $221,190

    The US Department of Agriculture estimates that middle-income two-parent families will spend $221,190 in 2008 dollars to raise a child born in 2008 from birth to high school graduation. The cost per child for low income families (earning less than $56,870) is $159,870 and the cost per child for upper income families (earning more than $98,470) is $366,660. These estimates do ...
    Published over 4 years ago | Rated: +6
  • +19

    Avoiding the Average...

    Avoiding the Average...
    ...When It Comes to Your Student Debt So, what’s the deal with debt these days? Well, a lot actually. And, unfortunately, it’s not good news. According to a recent report released by the Institute for College Access & Success’ Project on Student Debt, which also appeared on CNNMoney, the average debt for a student in the class of 2012 was $29,400. ...
    Published 4 months ago | Rated: +19
  • +20

    Bi-Partisanship in the Name of Debt

    Bi-Partisanship in the Name of Debt
    Let’s start out with a riddle: What’s something the majority students have, but don’t want? Here’s a hint: the answer is as simple and, unfortunately, as American, as apple pie. The answer? Debt. Regardless of race, gender, ethnicity, sexual identity, political party (the list goes on and on), the majority of college graduates now have student debt – 58 percent, according ...
    Published 4 months ago | Rated: +20
  • +8

    Rolling Savings Bonds into a 529 College Savings Plan for Tax-Free Treatment

    My son is heading to college this fall and I would like to use his savings bonds tax free, although the way I read the rules I think I cannot do it. Here is the story: All of the bonds were bought from 1994 through 2001 by various family members. All of the bonds have my son's name on the "TO" ...
    Published over 1 year ago | Rated: +8
  • +19

    Money Saving New Year's Resolutions

    Money Saving New Year's Resolutions
    It's 2014 - the year of the horse has arrived! In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it! Here are some suggestions of resolutions you can take on ...
    Published 3 months ago | Rated: +19
  • +26

    Why Should I Complete the FAFSA?

    Why Should I Complete the FAFSA?
    Let’s start with a little bit about what the FAFSA actually is. FAFSA stands for Free Application for Federal Student Aid; translation: it determines a student's eligibility for need-based federal financial aid for college, which may include grants, scholarships, work-study and loans. If eligible, it can really help you pay for school! The FAFSA for the 2014-2015 academic year is now ...
    Published 3 months ago | Rated: +26
  • +22

    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 11 months ago | Rated: +22
  • +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 11 months ago | Rated: +18
  • +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 about 2 years ago | Rated: +3
  • +27

    30 Money Saving Tips for Students

    30 Money Saving Tips for Students
    Do you have fine wine tastes on a cheap beer budget? It’s ok – most college students are living on a budget. If not, they’re likely students getting themselves into a cycle of debt. While neither is fun or easy, you can become smarter about the way you spend your money. Keep in mind that the key to financial success is ...
    Published 10 months ago | Rated: +27
  • +5

    How Do I Roll Over US Savings Bonds into a 529 College Savings Plan?

    I have several thousands of dollars in Series EE savings bonds (issued from 1988 through 1992). I know that you can use the bonds relatively tax free if cashed and used for qualified educational expenses, which includes contributions to a qualified tuition program such as a 529 college savings plan. If so, what is the process for doing this? — A.J.K. ...
    Published about 2 years ago | Rated: +5
  • +8

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

    How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?
    Only 529 college savings plans that are owned by the student or the student's parents are reported as assets on the Free Application for Federal Student Aid (FAFSA). So a 529 plan owned by a grandparent or other third party will not be reported as an asset on the FAFSA. However, qualified distributions from such a 529 plan are treated as ...
    Published about 2 years ago | Rated: +8
  • +6

    Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

    I have two questions which I assume you've been asked a million times and I just want to make sure I'm understanding the write-ups about them correctly. We have a regular UGMA/UTMA savings account for our daughter where we are the custodian. In the FAFSA application, should this be entered under the student or the parent? Am I assuming correctly that ...
    Published about 2 years ago | Rated: +6
  • +22

    Have You Considered Consolidating?

    Have You Considered Consolidating?
    No matter what type of loan you take out, it comes with its own interest rate. It can seem like a riddle when trying to keep track of your loans and payments. When it comes to loans, consolidation can be a great option. In consolidating your loans, it can become easier to handle because, essentially, your multiple loans will become one ...
    Published 6 months ago | Rated: +22
  • +4

    Are UGMA and UTMA Accounts Reported as Investments on the FAFSA?

    Tuesday, May 29 is National College Savings Day (i.e., May 29 is 5/29, a cute reference to 529 college savings plans). To commemorate the occasion, Mark Kantrowitz answers a question about saving for college. After submitting our FAFSA for my son, we got back an EFC of 23207 on the SAR. I have been told by admissions that that is extremely ...
    Published almost 2 years ago | Rated: +4
  • +3

    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 1 year ago | Rated: +3
  • +15

    Student Debt Guide: Saving and Investing Money

    Student Debt Guide: Saving and Investing Money
    Nobody ever said being an adult was easy and knowing how to save and invest properly is not exception to the rule. But, who better to advise you on saving and investing money than Mark Kantrowitz, a nationally recognized finance guru? Here are tips, right from the expert, on how to save and invest like a pro. [gate] • Save for ...
    Published over 1 year ago | Rated: +15