by Mara Strom Unless your last name is Rockefeller, you'll need to think long and hard about the expense of your college education. Even though more than 90% of college grads say their degree was "worth it," the cost can still be staggering. If you're in college -- or planning to attend -- here are five online calculators that can help you get a handle on your higher … [Read more...] about 5 Online Financial Aid Calculators You Need To Know About
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Welcome back to school! By now, all you coeds should be happily ensconced in your gleaming ivory tower. How is it going? I hope your transition has been a smooth one! So amidst all the excitement of a new year, have any of you encountered the sinking realization that all that money from your student loans, grants and scholarships isn't going to go quite as far as you … [Read more...] about Scholarship Thursday 19 – Tell A Friend Scholarship
All employers, schools, organizations, etc. are required to send your tax information to you by January 31 of each year. Examples: W-2s (from your employer- record of wages earned) 1098T (record of college tuition and fees) 1099 Misc (record of non employer wages) ***For more information visit www.irs.gov. If you are planning … [Read more...] about Get a Head Start on your Financial Aid: File Your Taxes Early !
by Mara Strom Did you know that a Stafford or Perkins student loan is one of the only forms of debt that cannot be discharged in a bankruptcy claim? Student loans are with you for life – so you need to be serious about paying them back. If you haven't paid back your loans for 270 days (and have not arranged for deferment or forbearance), then you’re in default. Three out … [Read more...] about 10 Steps to Prevent Defaulting on Your Student Loans
Don't make any of these five college financial aid mistakes 1. Failing to Apply 2. Missing the Deadlines 3. Starting a College Savings Account in Your Child’s Name 4. Forgetting to Budget for “College Life” 5. Failing to Investigate Lenders Failing to Apply for Scholarships, Grants, and Student Loans: Many families miss out on financial aid simply because they have … [Read more...] about Five Student Financial Aid Mistakes