Seven Major FAFSA Changes: What Families Need to Know
This article was originally published on Kiplinger. As adjustments to the federal FAFSA form are phased in, they could affect the financial aid eligibility of current and prospective college students. Read the full article at Kiplinger
Student Loan Forgiveness: Navigating the Maze
This article was originally posted on Kiplinger Those saddled with student debt could have some help coming … if they understand how Public Service Loan Forgiveness and Income-Driven Repayment Plan Forgiveness works. Add in the deadlines, the waivers and tax implications, and it can be a lot. Let us break it down for you. Read […]
The Income-Driven Repayment (IDR) Plan Waiver: What Borrowers Need to Know
On April 19, 2022, the Department of Education announced a short-term opportunity for expanded loan forgiveness in an effort to address historical failures impacting borrowers on income-driven repayment plans. The changes are expected to bring millions of borrowers closer to student loan forgiveness. However, deciphering through the eligibility requirements can be very confusing for borrowers. […]
Rising College Rejection Rates: What Parents and Teens can do to Avoid the Heartbreak
Acceptance rates among the most elite colleges and universities have broken the hearts of many teens aiming to be admitted to them, as evidenced by the statistics trickling in for the 2022-23 school year. As you can see from a few examples below, acceptance rate drops have occurred across the board: 2020 2022 Amherst […]
The Limited PSLF Waiver: What Borrowers Need to Know
Introduction On October 6, 2021, the Department of Education announced a short-term opportunity for expanded loan forgiveness in an effort to remedy the past administrative failures of the federal forgiveness program. The changes, which will impact the Public Service Loan Forgiveness (PSLF) program, is expected to bring millions of borrowers closer to student loan forgiveness. […]
5 Things Parents with College-Bound Teens Should be Doing
This is often a scary time for parents of teens who will be heading off to college soon. Add to that the uncertainty that the pandemic has unleashed, and you’ve got quite a challenge. This is especially true given that the cost of college has skyrocketed in recent years. Many of the most popular private […]
Update: Student Loans and the Coronavirus Aid, Relief, and Economic Security (CARES) Act
The U.S. Department of Education has announced a final extension for borrowers with federal student loans through Jan. 31, 2022. The original coronavirus relief bill, known as the CARES Act, was signed into law in March of 2020. It suspended loan payments, set interest rates at 0%, and stopped collections on defaulted student loans. The […]
College During COVID
This article was originally posted on Kiplinger At Kiplinger, the name of the game is value. For more than 20 years, our annual college rankings have been no exception. Over the years, we analyzed data on hundreds of public and private colleges and universities across the nation seeking institutions that deliver a high-quality education at an affordable […]
What Parents Should Know about PLUS Loans
A growing number of families who are faced with high college prices are turning to federal PLUS loans to cover the cost of a bachelor’s degree. At the same time, they are also struggling to repay this debt. Given that most of the attention on college borrowing focuses on student loans, which represents the vast […]
Happy National Scholarship Month!
Happy National Scholarship Month! The National Scholarship Providers Association (NSPA) has chosen the month of November to be a time to raise awareness about scholarship opportunities for current and future college students. Scholarships play a vital role in making college more affordable, reducing student loan debt, and expanding access to higher education. Here are some key facts […]