Author: Jeanette

How to Find Grants for College: Federal, State, and Private Options

Financial aid comes in several forms, and if you’re applying to college or have a child who is applying, you’ll end up needing to know at least something about all of them in order to get the maximum possible financial aid.Grants for school are one of the best forms of financial aid; not only are they relatively easy to get, but they’re also free—you won’t need to pay them back in most cases, like you would with student loans. There are several types of grants; some come from the federal government, others from state governments, and still others from...

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How to Pay for College Without Parents Help

According to the federal government, it’s primarily your responsibility—and your parents’—to pay for your college education. The idea is to ensure that those who can afford college pay their own way, freeing up aid money for those who can’t afford to pay.That all sounds great, but what if your parents won't pay for college? Having parents who won’t pay for college can make things a bit more complex, but don’t get discouraged—you still have options for funding. Lets walkthrough a couple options on how to pay for college without parents help.Apply for Federal Financial AidFilling out the Free Application...

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How to Settle Student Loan Debt

If you took out student loans while in college, then you may be in the repayment phase. If you find that you’re having a hard time making payments—or if you’re already behind and in default—you’re not the only one. More than 11 percent of graduates end up in default within three years of beginning to pay the loans back.If you are in default on a private student loan or federal loan, then you’re probably already experiencing some of the highly negative repercussions; you may have had your federal tax refund garnished and applied to your balance, been unable to...

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Do Student Loans Count as Income?

If you’re a college student or graduate, chances are better than half that you have student loan debt. Three-quarters of all college students in the United States finish school owing a balance on student loans; that number continues to grow as college itself gets more expensive.As you graduate and start your professional life, however, you’re probably wondering how those loans fit into your bigger financial picture. If you’re trying to get a car loan, for instance, do student loans count as income or debt? What about with taxes? Are student loans taxable?The truth is that student loans are always...

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How Much Money Does the FAFSA Give You?

If you are applying for colleges or are already in school, then you are probably also looking at filling out a FAFSA, or Free Application for Federal Student Aid. It’s the gateway to all federal financial aid, including grants and low-interest student loans. By filling it out, colleges know what your financial situation is and can create a financial aid package that hopefully covers most, if not all, of the costs of attending college for an academic year.The Department of Education takes the position that it’s your job—with help from your family—to pay for school. Federal financial aid is...

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