Author: Staff

Can You Complete the FAFSA Without a Driver’s License?

Completing the Free Application for Federal Student Aid (FAFSA) can be a daunting process. After all, it is the single most important document for obtaining financial aid, and is used by the U.S. Department of Education, states, and colleges themselves.Every prospective student wants to make sure it is filled out perfectly — so what happens when you don’t have a piece of information the FAFSA requests?One example is a driver’s license. The FAFSA will require some form of identification to verify that you are who you say you are. The easiest way to do this is through your driver’s...

Read More

How Long Do You Need to Live in a State to Get In-State Tuition?

Choosing to go to a local, in-state college or university can save you and your family significant amounts in both tuition and living expenses. The average tuition rates for a four-year degree at a public institution jump alarmingly as soon as you move out of state—leaping from $9,970 for in-state students to $25,620 as soon as you become an out-of-state enrollee.A $15,000 difference per year in tuition places undue hardship on students and families, especially over the course of a multi-year degree program. If you’ve recently moved, you may wonder how long it will take you to qualify for...

Read More

How One Grad Repaid His Student Loan Debt by Selling Bugs

When it comes to repaying student loan debt, have you ever thought about selling bugs online?That’s what finally helped Jeff Neal, 33, repay the $25,000 in debt he owed for his English Literature degree from Temple University. While Neal loved the literature program, he struggled to find a well-paying job that would allow him to repay his student debt quickly after graduation. For the first eight years after he graduated, he made just the minimum payments on his loans and even had to file for forbearance a few times.Fast-forward to the moment Neal learned about crickets while trying to...

Read More

How a Dentist and Lawyer Couple Paid Off $250K in Student Loan Debt

The average dentist graduates with $287,331 in student debt, according to the American Student Dental Association? While that amount is enough to make anyone sweat, you might be surprised to find that many dentists graduate with far more than that in loans.Danny Masters, 32, took on around $600,000 in student debt before he graduated with his dentistry degree. Add that to the $50,000 in student debt his wife, Amber Masters, accrued from law school, and that translated into the couple struggling with how to build a life together in the face of their mountain of debt.“Just having such a...

Read More

This Grad Paid Off Over $60K in Student Loans After Graduating During the Recession

When the Great Recession hit, there were many news stories about millennials who graduated with significant amounts of student debt who then struggled with unemployment or underemployment.That was what Tim Stobierski, 28, faced when he graduated with a bachelor’s degree in English from the University of Connecticut in 2011, as the downturn was ending.Despite the fact that he accumulated over $65,000 in student debt to obtain his degree, he couldn’t find a job that required postsecondary education.“Finding a job with the little experience that I had was difficult, and I wound up needing to take a few jobs that...

Read More