September 18, 2018

If school was free, I’d never stop going. I happily declare that. Unfortunately, the cost of an undergraduate education is on the rise and decoding...

September 18, 2018

Most students apply for admission to ten or fewer colleges and universities. But some students feel the need to apply for more. Perhaps they are worried...

September 18, 2018

You might think you know what the FAFSA’s EFC means, but do you? When you file the Free Application for Federal Student Aid (FAFSA), your income, asset...

September 18, 2018

Are you going to pay too much for an undergraduate degree? Here are danger signs that you might be heading in that direction.

Parents send...

September 18, 2018

The Free Application for Federal Student Aid (FAFSA) asks whether an applicant has received a bachelor’s degree because some forms of financial aid only are...

September 18, 2018

If the price of an undergraduate degree is freaking you out, here is one of the very best things that you can do to save...

September 18, 2018

The Free Application for Federal Student Aid (FAFSA) is based on income and tax information from the prior-prior year federal income tax return, current asset...

September 17, 2018

Public Service Loan Forgiveness and other loan forgiveness programs are complicated, so there are many ways in which a borrower can lose eligibility for loan...

September 17, 2018

To shrink the cost of an undergraduate degree, you need to know about the main sources of free money. You can trace the biggest pot...

September 17, 2018

Low-income and underrepresented students experience the hardest setbacks when it comes to affording a bachelor’s degree. Here are 13 ways that these students can make it...

September 13, 2018

Which of the following groups enjoys the greatest undergraduate admission advantage?

  1. Minority students
  2. Middle-income students
  3. Upper-class students

If you picked choice number three, then you...

September 13, 2018

Students who are single parents are much less likely to graduate than other undergraduate students. They also graduate with more student debt. Yet there are several...

September 13, 2018

When deciding which colleges and universities to apply to, it takes more than comparing each institution’s price to find the right pick. There are several...

September 13, 2018

There’s plenty to be done while you’re finishing your senior year of high school. So procrastinating the undergraduate application process can throw a wrench into...

September 12, 2018

 

During your junior year of high school, you probably are starting to think about going to a college or university. Although most of the...

September 11, 2018

 

Understanding the world of college financial aid can be difficult. To make the process easier, here are answers to some of the most common...

September 11, 2018

 

Student loans are expensive. On average, every $1 you borrow will cost about $2 by the time you repay the debt, given the typical...

September 11, 2018

 

The Federal Consolidation Loan combines multiple Federal Education Loans into a single loan, simplifying the repayment process. Read on for everything you need to...

September 11, 2018

 

Student loans are among the largest sources of consumer debt, second only to home mortgages. Therefore, mistakes involving student loans can have some of...

September 11, 2018

 

The borrower of a Federal PLUS loan must not have an adverse credit history. Learn how you can address an unfavorable credit history with...

September 10, 2018

 

Even though it can take several decades to repay student loans, many students don’t know how much they borrowed. Most don’t know how much money...

September 10, 2018

 

Student loan fees are charged as a percentage of the amount borrowed. Fees on student loans usually are deducted from the disbursements and not...

September 10, 2018

 

Zombie student loans are old student loans that someone is demanding you pay, even though you already paid off the student loans in full,...

September 10, 2018

 

Before applying for a student loan, consider the pros and cons of private student loans. Read below for an in-depth look at the reasons to...

September 10, 2018

 

The U.S. Bankruptcy Code provides an exception to discharge of federal and private student loans at 11 USC 523(a)(8).

The statutory language that...

September 10, 2018

 

The Rhode Island Student Loan Authority (RISLA) provides private student loans for undergraduate and graduate students and private parent loans for parents of undergraduate...

September 10, 2018

 

Raise Loans provides private student loans for undergraduate and graduate students. Raise loans are made by Cognition Lending Corporation, formerly known as First Marblehead....

September 10, 2018

 

Student Loan Finance Corporation (SLFC) provides iHELP private student loans for undergraduate and graduate students through community banks.

Highlights:

  • Competitive variable interest rates with...
September 10, 2018

 

Connext provides private student loans for undergraduate and graduate students.

Highlights:

  • Choice of fixed and variable interest rates
  • No application or origination fees
  • High...
September 10, 2018

 

College Ave provides private student loans for undergraduate and graduate students and private parent loans for parents of undergraduate students.

Highlights:

  • Competitive fixed and...
September 10, 2018

 

There are many different types of student loans available. The main distinction is between federal education loans and non-federal education loans. Non-federal education loans...

September 10, 2018

 

Many lenders offer private student loans, from banks and credit unions to other financial institutions. So how do you choose a private student loan from...

September 10, 2018

 

Student loan eligibility depends on the type of student loan. Federal and private student loans have different eligibility criteria. Read on for more information...

September 7, 2018

 

It is cheaper to save than to borrow, but many parents do not save for their child’s college education. Even among the parents who...

September 7, 2018

Are you going to be charged more for college tuition than you anticipated? Differential tuition, also known as tiered tuition, is a hidden college cost...

September 7, 2018

 

Most students find that their financial aid package falls short of covering all costs. This is partly because financial aid formulas provide a harsh...

September 6, 2018

 

A net price lock can contribute to an increase in college graduation rates and a decrease in student debt. Tuition locks, also known as...

September 6, 2018

 

About 100 U.S. colleges and universities provide need-blind admissions for U.S. students. But some colleges that offer need-blind admissions do not meet the full...

September 6, 2018

 

International students often want to know which U.S. colleges and universities charge the lowest tuition. This list of 82 low-cost, four-year U.S. colleges and...

September 6, 2018

 

There are many reasons why borrowers might want to reduce their student loan payments. Some of the more common reasons include saving money, dealing...

September 6, 2018

This is the time of year when plenty of super-achieving high school seniors are agonizing about their choices. Their parents are just as frazzled as...

September 5, 2018

When you are analyzing a financial aid award letter, here is a critically important question that you absolutely must answer: is this award good enough?...

September 5, 2018

 

For many borrowers, the best income-driven repayment plan is the one with the lowest monthly loan payments. But with four different options, figuring out...

September 5, 2018

 

It is important to evaluate affordability when considering which offer of admission to accept. Financial aid award letters can be confusing, so make sure...

September 4, 2018

 

An analysis of government data finds that high school seniors who meet with school counselors are more likely to file the Free Application for...

September 4, 2018

 

The Simplified Needs Test and Auto Zero EFC are simplified versions of the Free Application for Federal Student Aid (FAFSA) that are available to...

September 4, 2018

 

Students and parents often wonder why the Free Application for Federal Student Aid (FAFSA) includes certain questions. But even the strangest questions are on...

September 4, 2018

Finding a scholarship isn’t always a clear-cut process. Certain roadblocks can make you think you are not eligible for awards. But don't let scholarship myths...

August 31, 2018

 

There are several ways of increasing eligibility for financial aid on the Free Application for Federal Student Aid (FAFSA).

Tips About Income on the...

August 31, 2018

 

The parent contribution on the Free Application for Federal Student Aid (FAFSA) is divided by the number of children in college. The number of...

August 31, 2018

 

Social Security Numbers are prone to error, especially if a student does not have a copy of his or her Social Security card when...

August 31, 2018

 

If a student is a dependent student, the Free Application for Federal Student Aid (FAFSA) must be completed by one of the student’s legal...

August 31, 2018

 

The marital status of a student and their parents can affect the granted amount of need-based financial aid. Also, be careful to correctly answer...

August 31, 2018

 

A couple in a common-law marriage is considered married on the Free Application for Federal Student Aid (FAFSA), even if the couple moves to...

August 30, 2018

 

Students who have been convicted of the sale or possession of illegal drugs while receiving federal student aid can have their eligibility for federal...

August 30, 2018

 

Undocumented students are not eligible for U.S. federal student aid, but are sometimes eligible for state and institutional financial aid. Students who are U.S. citizens or...

August 30, 2018

 

Beyond tuition, books, room and board, a student living on campus while attending a four-year public school will still spend about $3,270 on expenses...

August 30, 2018

 

Veterans and members of the U.S. Armed Forces have access to the same deferment, forbearance and repayment options as other student loan borrowers, plus...

August 30, 2018

 

There are several options for filing a complaint about your student loans, lenders and servicers. Start by gathering information about your student loans and...

August 30, 2018

 

There are several options for filing a complaint about your student loans, lenders and servicers. Start by gathering information about your student loans and...

August 30, 2018

 

You graduated from college with student loan debt and you want to pay it off as quickly as possible. These tips will help you...

August 30, 2018

 

Borrowers can make extra payments on the student loans they took out for college. Prepayment can reduce the interest paid over the life of...

August 30, 2018

 

Federal and state government employees and members of the U.S. Armed Forces may be eligible for government-sponsored student loan repayment assistance programs (LRAP). This...

August 30, 2018

It’s hard to get more popular than UCLA. In the last admission season, the state university in California attracted 92,698 applications. Here’s one way to...

August 30, 2018

How colleges hand out money can seem perplexing, but if you understand what motivates colleges and appreciate that they are indeed businesses, you will understand...

August 29, 2018

 

Borrowers who are struggling to repay their student loans have potential for both short-term and long-term financial difficulty. Solutions for short-term financial difficulty, such...

August 29, 2018

 

You can’t simply declare bankruptcy and watch student loans disappear. Student loans are not automatically included in a bankruptcy proceeding. Instead, the borrower must...

August 29, 2018

 

If you are in default on your federal student loans and can afford to make a lump sum payment, you can settle the defaulted...

August 29, 2018

 

A student loan is considered delinquent when the borrower does not make a payment by the due date. Most lenders report delinquency to credit...

August 29, 2018

 

The Federal Pell Grant is a form of gift aid, which is money that does not need to be earned or repaid. It is...

August 29, 2018

 

The Free Application for Federal Student Aid (FAFSA) is a free form. You do not need to pay someone to file the form on...

August 29, 2018

 

From the FAFSA to your GPA, so many factors are taken into account when applying for college or university scholarships, grants, loans and work-study...

August 29, 2018

 

Getting a campus job is never a bad idea, whether you are paying your own way through school or would just like a little...

August 28, 2018

 

There’s no magic way to get free money for college, other than to apply and win scholarships. If you want to trim hundreds or even...

August 28, 2018

 

Student loans are confusing; repayment plans, forgiveness and deferral can spark anxiety in even the most financially-savvy grads. So let's dive right in: there...

August 28, 2018

 

If your total student loan debt exceeds your annual income by the time you graduate, don’t fret! You have the option to pay back...

August 28, 2018

Graduating college is a big accomplishment to be proud of, yet there's still work to be done if you used student loans. After you receive your diploma,...

August 27, 2018

Most scholarships require more than just a simple application. You may be asked to complete a number of additional requirements, such as an essay, a...

August 27, 2018

 

New college graduates hear a lot about student loan discharge and cancellation and it's an appealing idea. After all, who wouldn't want permission to not...

August 24, 2018

Our college expert Mark Kantrowitz answers your questions about college and financial aid. 

Q: Do I have to pay back the money I get from FAFSA?...

August 24, 2018

With school, extracurriculars, your part-time job and sports, it’s tempting to wait until the last minute and submit your scholarship applications. But before you do, ask for...

August 24, 2018

Understanding student loans is hard, but repaying them doesn't have to be confusing. 

After a student graduates or drops below half-time enrollment, their loan will enter a...

August 23, 2018

Part of your scholarships, grants and fellowships may be taxable and part may be tax-free.

Determining the Taxable Portion of Scholarships, Grants and Fellowships

Generally,...

August 23, 2018

Student loan scams have become much more common over the past few years. Federal and state consumer protection agencies are starting to take action against...

August 23, 2018

The difference between subsidized and unsubsidized student loans depends mainly on who pays the interest on the loans during the in-school and grace periods.

The...

August 23, 2018

Have you started applying for scholarships yet? Scholarships aren’t only for seniors and college students. There are plenty of organizations that give college money to teens regardless...

August 23, 2018

We get it – student loans are confusing. Before you sign on the dotted line, review our glossary of student loan terms to make sure...

August 23, 2018

 

Student and parent assets can affect the student’s chances of getting grants and other need-based financial aid. There are, however, several steps you can...

August 23, 2018

There are a lot of misconceptions and myths surrounding financial aid and the FAFSA and we understand why. It certainly can be confusing! Unfortunately, certain...