When a married couple gets divorced or separated, who is responsible for repaying the student loans and parent loans? The answer depends on whether the loans were borrowed before or during the marriage, whether the couple lives in a community property state, whether there is a prenuptial agreement and whether the ex-spouse cosigned the loans. […]
THE COLLEGE STATE OF THE UNION ADDRESS
Today “college” is a game. College is a bigger game than the Super Bowl. College is a money game. And if you don’t know how to play the game, you lose. The colleges know how to play the game – families don’t. Colleges invented the game and the rules, and every year families play along. […]
Attention, college shoppers. These schools are slashing their prices.
As soaring tuition scares off many families, a growing number of private colleges have embraced a marketing tactic associated more with selling airline tickets or flat-screen televisions than higher education: a price cut. St. John’s College slashed tuition from $52,734 in this school year to $35,000 in the next. The liberal arts school, with campuses […]
10 Questions Every Student Should Ask the Financial Aid Office
Congratulations! You’ve been accepted into the college of your dreams, unfortunately, that acceptance letter didn’t state that you’ll be attending college tuition free. Perhaps your parents saved up for you to attend or maybe you plan on taking on a part-time job. Either way, tuition plus those extra expenses that come along with being a […]
CSS Profile vs. FAFSA: How Are They Different?
The FAFSA is needed for federal student aid, while the CSS Profile is used only by some schools for state and institutional aid. To get financial aid for college, you must submit the Free Application for Federal Student Aid, or FAFSA. But your school may also want you to submit the CSS Profile, an additional application that […]
The Growing Loan Burden for Parents of College Students
Student loan debt is said to be the next “bubble”. That’s why it’s important to plan for college, learn what’s school give the most aid. There are methods to find the right school that the average person doesn’t know about. Some college debt for most students, is inevitable, the idea is to take control of […]