Paying for Higher Education

Planning for your child's college tuition is a very important step. Find out how much you should put away for college tuition for your kids with help from a best-selling author and financial expert in…

The federal government and colleges allocate financial aid based on the information reported on the Free Application for Federal Student Aid (FAFSA). There is no hard maximum income for aid…

Non-subsidized student loans, also referred to us unsubsidized student loans, are a category of student loans guaranteed by the federal government. BusinessDictionary.com defines a non subsidized…

As college tuition continues to soar, more perspective students need financial aid to even think about going to school. However, it is not as easy as just needing the money, applying for it and…

The dates for financial aid disbursements of student loan money vary by lender. Financial aid disbursed through the federal government runs on a set schedule, whereas private lenders work case by…

If you've had your financial aid suspended, it's likely because your grades slipped and you're not making satisfactory progress. If your grades have plummeted or you've had to briefly withdraw from…

A defaulted student loan can wreak havoc on your finances, particularly if your loan agency is pursuing you for the funds via aggressive collection tactics. In some instances, the defaulted loan…

A student who has separated or divorced parents often needs to discuss the college financial aid application process with both parents. They need to decide whether each parent will help to pay for…

Students who have limited credit history or low income must sometimes include a cosigner to obtain a student loan. However, when a cosigner dies, the lender no longer can rely on him to repay the loan…

Financial aid can open the door to a college education. College tuition is costly and continually rises. Some parents pay for their child's education so the child doesn't have to worry about student…

It can be stressful to take on large loans to pay for things such as a college education or a house, but it's important to always make your payments on time for the loans you have under your name.…

A college education can, in some cases, exceed the cost of a new home. It follows that, without financial aid, many children won't have the option to attend college. Whether your bankruptcy will…

Approximately 67 percent of all undergraduates attending college full time receive financial aid of some type, according to Sallie Mae. Student aid may consist of loans, scholarships, work-study…

The Internal Revenue Service offers a tax credit to encourage employers to sponsor college programs for their employees. Employers are allowed to deduct all payments for college expenses as a form of…

The National Center for Education Statistics (NCES) estimates that the cost for undergraduate tuition, room and board for the 2009-2010 academic year was $12,804 for students in public institutions.…

Due the cost of a college education, some college students must take out student loans that are paid back once the student gets a job after college. If you cannot pay the student loans based on the…

When you co-sign on a student loan, you assume the responsibility for repaying that debt if the student that signed for the loan proves unwilling or unable to do so. You can co-sign on federal loans…

Student loans can represent a severe financial burden, particularly if you have difficulty finding a job after you leave school. However, inability to secure a lucrative job does not prevent you from…

Many students borrow for their education through the federal government's Stafford student loan program. When you are nearing your graduation date or otherwise leaving school, begin thinking about how…

The most common type of federal student loan is the Stafford loan, which is available to all students who meet the government's basic eligibility guidelines. These include being a citizen, national or…

Many student loans are granted by the federal government, but sometimes private lending firms lend money insured by the government against default. Whichever type of entity the borrower must repay, if…

One way students are able to lower the cost of their college education is through financial aid. Many institutions offer this aid, including the federal government, state governments and colleges.…

When you default on a federal student loan, the government has the power to withhold your tax refund. This hold is referred to as a tax refund "offset." The withheld refund is used to offset…

Applying for financial aid to fund your college education can seem complex and the paperwork is detailed, however you can receive financial aid if you are a married student. Usually your parents are…

An administrative forbearance is a temporary postponement of your student loan payments, granted by your lender. There are two types of administrative forbearances -- general and mandatory. A…

If another business sells your business supplies or equipment on credit, it may offer you a sales discount for paying off the invoice early. (See References 1, Purchase Considerations For…

Settling credit card debt for less than the full balance is a well-known way to get out of debt, but settling on an auto loan is far more difficult. A car loan is a secured debt, meaning that if you…

Student loans are a ubiquitous part of higher education: the average college senior graduates with a student loan debt of $24,000, as of 2009. With mounting student loan debt and dim job prospects, it…

Most private student loans offer fewer borrower protections than government-funded student loans. Private student loan lenders follow the same rules and strategies for collections as most other…

The high cost of college tuition prevents many people from attending school. However, federal aid is available to students in the form of grants and loans. Federal lenders take several factors into…

When acquiring funding for college, you have the option of applying for federal aid or getting a private student loan from a bank. Private student loans are different from federal loans. Federal loans…

It is not unusual to have difficulty paying back student loans, especially if your monthly payments are high compared to your other monthly bills. Before formally reducing the payment, go over your…

If your spouse dies, one of the last things you want to have to think about is repaying thousands of dollars of student loan debt your spouse incurred getting an education. Some types of student loans…

A Coverdell Education Savings Account, called a Coverdell ESA, allows your child to receive tax-free savings to pay for college education expenses. The tax benefits are enforced by the IRS, and there…

College students need to report their income on a variety of documentation, from their tax returns to applications for next year's financial aid, an apartment rental or a credit card. Whether or not…

When you finish school with student loan debt, the large monthly payments can be a burden for your budget. Making many small monthly payments can help you manage your cash flow, plus reduce your…

Federal student loans do not require cosigners, but you may need a cosigner to qualify for a private student loan. Private student loan lenders base your eligibility for loans on your income and…

If you default on a debt secured by collateral, such as a car, appliance, boat or furniture, your lender can typically repossess the collateral to recover some or all of the loan balance. Not only…

Lenders and creditors report your credit data to the credit bureaus. The credit information on your report determines your FICO credit score. How well you manage your credit accounts impacts how high…

Many students choose to offset their living expenses with student loan overpayments, as working while going to school is often challenging. Because most private student loans allow you to use the…

The Internal Revenue Service developed the tax-sheltered annuity plan with a number of tax advantages to help employees of tax-exempt organizations save for retirement. While the TSA plan is meant to…

Filing bankruptcy affects your finances in several areas, including your credit score. However, a student or parent bankruptcy filing is not likely to have a large effect on financial aid packages.…

Student loans paid for your education, but what happens when you can't pay them back? Student loans can't be discharged in a bankruptcy, so they are often the last debt standing when times are hard.…

The death of a spouse is extremely stressful. That stress can be compounded if your spouse's creditors are hassling you to pay his debts. Whether or not you are responsible for your deceased spouse's…

Grandparents can give their grandchildren the gift of a college education and receive a little something back themselves from Uncle Sam. However, education tax breaks often do not apply to…

Aside from home loans, student loans are one of the largest debts that most consumers will incur in their lifetime. Financing a college education with bank or government funds has become a societal…

The criteria for applying for a guaranteed student loan depend primarily on a student's financial need, proof of U.S. citizenship and enrollment in college. Guaranteed student loans are offered by…

It’s no secret that college is expensive. Even with a college fund, scholarships and financial aid, you may still need additional help to cope with the rising costs of a higher education. This…

Lenders and other creditors report your credit information to the credit bureaus. The bureaus then condense this data into an individual credit report. Your credit report determines your FICO credit…

Keeping track of financial aid information is tedious, and losing a single sheet of paper can result in the loss of thousands of dollars worth of financial aid. Organizing a binder with all your…