February 9, 2006 At least 175,000 people are denied federal financial aid due to prior drug offenses according to a recent article in Yahoo News. However, the Budget Reconciliation Act that was just passed has provided a provision to allow students who have drug offenses a new chance at federal student financial aid. The provision [...]
February 6, 2006 Identity thieves have figured out yet another scam to cause turmoil in the lives of their victims. This time they are after students and their financial aid money. As if attending college and trying to secure financial aid isn’t enough of a headache without having to deal with credit clean up! One [...]
January 30, 2006 If you are a student you may already be conscious of your grades for college entrance purposes. One more reason to keep those grades up is the correlation between grades and financial aid. Students don’t have to be the valedictorian or the next Rhodes Scholar but good grades will equal more money. [...]
January 30, 2006 The sticker price of tuition is increasingly a scary prospect. How on earth do these schools expect people to pay more than the average median income of a U.S. family? And more importantly why must they charge these prices? There really is no simple answer to those questions. The main thing to [...]
January 26, 2006 Many divorced parents get confused about how their child’s financial aid will be evaluated. The main thing you need to know is that the “custodial parent” will be the one to fill out the FAFSA (Free Application for Federal Student Aid) form. The US Government determines a “custodial parent” as the parent [...]
January 25, 2006 The Academic Common Market is an organization that sets up exchange programs for students between a league of mutually recognized states. Students who are planning on studying a subject that is not offered by their state school may attend an out of state school for in state tuition. The school must already [...]
January 24, 2006 The Coverdell Education Savings: This type of college savings plan can be applied to more than college. A Coverdell Education Savings Account can be used as savings for elementary through high school education as well as college. Parents or students may contribute up to $2,000 a year tax-free. A few stipulations are [...]
January 20, 2006 The National Association of Student Financial Aid Administrators (NASFAA) sent out a press release today calling for their members to act! Simply put the Budget Reconciliation Act of 2005 takes too much money away from student loans causing a substantial financial increase on students and families. Luckily Senators that opposed this legislation [...]
