Financial News
A Federal College Loan Program Can Trap Parents in Debt
A Federal College Loan Program Can Trap Parents in Debt By Tara Siegel Bernard, The New York Times, June 6, 2021 Kate Schweizer and her husband didn’t want their two daughters, just 13 months apart, to begin their adult lives saddled with college debt, so they...
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A Parent Trap? New Data Offers More Dire View of College Debt
In a separate loan program, more parents are loading up on debt, often in greater amounts than their children. By Kevin Carey, The New York Times, December 24, 2020 If you have children nearing college age, you’ve probably heard a lot about student loans. Americans...
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FAFSA’s Expected Family Contribution Is Going Away. Good Riddance.
The dollar figure that the federal financial aid form spits out has long left families confused and despondent. And then, there are those great expectations. By Ron Lieber, The New York Times, December 30, 2020 The Expected Family Contribution — a dreaded and...
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How to Get More College Financial Aid During the Coronavirus Crisis
The pandemic may have derailed your plans for making higher ed affordable, but help is available By Penelope Wang, ConsumerReports.com, May 19, 2020 The coronavirus pandemic arrived just as many college students and their parents were finalizing plans for attending...
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How to avoid a tax problem if you get a refund from your college for spring semester
By Jessica Dickler, CBNC.com, April 30, 2020 If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the...
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10 Common Mistakes Made on the FAFSA
Students and their families can begin filling out the federal form as early as Oct. 1. By Farran Powell, USNews.com, September 10, 2018 Many schools and states use the FAFSA to determine student aid. The Free Application for Federal Student Aid, commonly known as...
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