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  • +125

    Scholarship and Grant Tips for Nontraditional Students

    Scholarship and Grant Tips for Nontraditional Students
    Like many nontraditional students, I found the process of returning to school intimidating. Worries hung over my head. How would I pay my bills? Support my family? Pay my tuition? It was those questions that drove me to begin my own scholarship hunt. I used FastWeb, asked friends and kept my eyes open. Yet when I found scholarships I was eligible ...
    Published over 5 years ago | Rated: +125
  • +276

    February is Financial Aid Awareness Month

    February is Financial Aid Awareness Month
    February is one short month jam-packed with tons of important events! Yep, February claims Groundhog's Day, Black History Month, Ash Wednesday, Valentine's Day and President's Day. While you probably thought that was enough to fill such a short month, there's one very important celebration that takes place all month long that you likely overlooked. But, at Fastweb, it's one of our ...
    Published 7 months ago | Rated: +276
  • +78

    Economy Causes Panic over Paying for School

    Economy Causes Panic over Paying for School
    This year more than ever, the economy is making it more difficult for families to pay for college. The number of financial aid applications is up more than 10% over last year. Lenders are suspending loan programs and tightening credit standards. Families are concerned -- really concerned -- about obtaining loans and paying for college. Add in the possibility of job ...
    Published over 5 years ago | Rated: +78
  • +18

    When Student Loans Aren't Enough

    When Student Loans Aren't Enough
    Though federal student loans (such as the Federal Stafford Loan) help many students to attend college, families often find that even the maximum loan amounts are not enough to pay for their education. For instance, the average cost of attendance at a four-year public school for the 2012-2013 academic year is $22,261 and at a four-year private school, it’s $43,289— yet ...
    Published about 5 years ago | Rated: +18
  • +19

    Should Parents Transfer College Savings from an UTMA Account to a 529 Plan?

    My twin daughters will be entering college in the fall. We have saved for their college education over the last 17 years. Presently the savings are held in two accounts each: a custodial account under the Uniform Transfer to Minor Act (UTMA) and in a Coverdell Education IRA account. I recently read that in connection with evaluating any possible financial aid ...
    Published almost 4 years ago | Rated: +19
  • +44

    The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding

    The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding
    The American Recovery and Reinvestment Act of 2009, also known as the stimulus bill, includes major increases in student aid funding for the 2009-10 academic year. It includes the largest dollar increase ever in the maximum Pell Grant and significantly expands the Hope Scholarship tax credit. It also increases funding for the Federal Work-Study and AmeriCorps programs. The legislation was signed ...
    Published over 5 years ago | Rated: +44
  • +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 7 years ago | Rated: +22
  • +14

    Survey Says: Families Perceive College Costs as Increasing by 17% Compared with Last Year

    Sallie Mae and Gallup just released the results of their third annual survey of how American families pay for college. The survey found that families perceived college costs as increasing by more than 17% compared with last year. As a result, families are becoming more cost conscious in their college choices. Family estimates of the total cost of attendance increased 17% ...
    Published about 4 years ago | Rated: +14
  • +22

    Survey Says: Parents Still Saving for College Despite Economy

    Sallie Mae and Gallup just released the results of a survey of how American families save for college. The survey found that most parents are continuing to save for college despite the economy and that saving for college slightly trails saving for retirement. More than 9 in 10 of the parents (92%) think that it is likely or very likely that ...
    Published about 5 years ago | Rated: +22
  • +19

    Help Your Teen Stay Debt Free in College

    Help Your Teen Stay Debt Free in College
    Tom is a graduate student at a Midwestern university completing a major research and writing project on student credit card debt. When Tom was in college, he built up $15,000 of credit card debt because he never learned how to use credit cards responsibly. In some ways, Tom was fortunate. He didn’t suffer many of the consequences of getting into that ...
    Published about 6 years ago | Rated: +19
  • +54

    Congress Passes Legislation Ending the Federally-Guaranteed Student Loan Program

    Congress Passes Legislation Ending the Federally-Guaranteed Student Loan Program
    The US House of Representatives passed the Student Aid and Fiscal Responsibility Act of 2009 (SAFRA) on September 17, 2009 by a party-line vote of 253 to 171. This legislation eliminates the federally-guaranteed student loan program and replaces it with 100% direct lending from the federal government. SAFRA uses the savings to fund an increase in the Pell Grant program among ...
    Published almost 5 years ago | Rated: +54
  • +6

    Which 529 College Savings Plans are Reported on the FAFSA?

    On the FAFSA we listed the value of all three of our children's 529 plan accounts, not just our oldest son's 529 plan. There was no way to differentiate the amounts among the three children. Can we change this and enter only the amount of the oldest son's account since we won't be using the other two children's accounts to pay ...
    Published about 4 years ago | Rated: +6
  • +9

    Pay Down Mortgage or Contribute to Son's 529?

    I just sold my house and moved in with my new husband. We have three children between us (two are his) and are looking for a bigger house. Would it make sense to save the $30,000 from the house sale in my son's 529 college savings plan account (he is 13 now), or use this money to buy a house and ...
    Published over 4 years ago | Rated: +9
  • +1

    Cost of Raising Children from Birth to High School Graduation Up 0.5% to $222,360

    The US Department of Agriculture estimates that middle-income two-parent families will spend $222,360 in 2009 dollars to raise a child born in 2009 from birth to high school graduation. The cost per child for low income families (earning less than $56,670) is $160,410 and the cost per child for upper income families (earning more than $98,120) is $369,360. These estimates do ...
    Published about 4 years ago | Rated: +1
  • +22

    How to Talk to Your Teen About Money

    How to Talk to Your Teen About Money
    Did you know that your children’s credit scores may be more important to their future than their academic transcripts? Or that 68 percent of high school and college students say they have never had a meaningful conversation with their parents about personal finances? What’s your reaction to an Indiana University administrator candidly admitting that they lose more students to credit cards ...
    Published about 6 years ago | Rated: +22
  • +15

    How a Decrease in College Endowments Will Impact Your Child's College

    How a Decrease in College Endowments Will Impact Your Child's College
    Over the last decade, colleges enjoyed double-digit increases in their endowments. A college’s endowment is not only a sign of an institution’s financial strength, but it also allows the institution to fund new projects. With alumni donations, many colleges expanded academic programs, refurbished campus facilities, and improved financial aid awards. College endowments, however, are not immune to the drastic downturn in ...
    Published over 5 years ago | Rated: +15
  • +7

    Time to panic about prepaid tuition plans?

    Time to panic about prepaid tuition plans?
    The New York Times reported on October 5, 2009 that 16 of the 18 state prepaid tuition plans are facing funding shortfalls because of a combination of stock market losses and increases in tuition at public colleges. Only five state plans are backed by the full faith and credit of the state. While the other states will be under political pressure ...
    Published almost 5 years ago | Rated: +7
  • +5

    Why Your Grandparents Could be Your Meal Ticket to College

    Why Your Grandparents Could be Your Meal Ticket to College
    There are many ways in which grandparents can help their grandchildren pay for a college education. These include legacy scholarships and tuition assistance programs, educational awards for volunteering and community service, college savings plans and direct gifts. Scholarships for Grandchildren Very few scholarships are based on a grandparent's affiliations. There are many more awards based on a parent's affiliations. However, sometimes ...
    Published over 5 years ago | Rated: +5
  • +9

    Reporting Prepaid Tuition Plans and 529 Plans on the FAFSA for Independent Students

    I'm confused as to how to treat a prepaid tuition plan when applying for financial aid. I'm an independent student but I have a small prepaid tuition account which is held by a parent as account owner with me as the beneficiary. Since I don't list parent assets when filling out the FAFSA, do I need to list the prepaid tuition ...
    Published about 4 years ago | Rated: +9
  • +5

    Complete, Concise Federal Loan Programs Info

    As soon as a student begins their college search process, they meet their biggest adversary: money. Unfortunately, money only complicates things for students searching for the perfect school. Throw in words like "unsubsidized Stafford loan" and they're ready to quit college before it even starts. However, Kantrowitz has a great way of simplifying federal loan programs for students. The Stafford Loan ...
    Published over 5 years ago | Rated: +5
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