The Free Application for Federal Student Aid (FAFSA) for the 2025-2026 academic year is open! If you need money for college, completing the FAFSA is the most important and reliable way to increase your chances of receiving it. We share a step-by-step guide on how to complete the FAFSA!
lenders allow you to borrow up to your school’s cost of attendance, and this may come in handy if you’ve maxed out yourfederal loan limit. Options for deferment and forbearance also vary by lender. And if the loan comes with a variable interest rate, it can increase anytime during ...
Your financial aid award letter lists a package of various types and amounts of financial aid available to you, but they sometimes fall short of your need. If you don’t get enough financial aid, you can always ask for more. The worst that can happen is the college financial aid ...
One of the key advantages of subsidized loans is the inclusion of a grace period, which offers borrowers a valuable window of time before they are required to begin repaying the loan. The grace period serves as a transitional phase, allowing students to adjust to post-graduation life, seek e...
Unfortunately, the simplified FAFSA does not fix the disappearingasset protection allowanceproblem. According to the latest information from the Department of Education,there is no asset protection allowance(i.e., the amount is set to $0) for 2024-25. ...
The $200,000 student loan balance will accrue over $116,000 in interest. If you decide not to take out loans to pay for your education, that money could be invested in a growth fund or 401(k). Complete the FAFSA to minimize your student loan amount ...
To calculate your effective tax rate you need two numbers: your taxable income and the total amount you paid in taxes. Key Takeaways Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year. Your effective tax rate is diffe...
Learn how to use the IRS Data Retrieval Tool on FAFSA for your financial needs. Simplify your finance process and get accurate information.
Also, don’t be afraid to speak with your boss or supervisor, Cole says. Ask their advice on where you might be able to improve or how you can increase your chances of surviving any workforce pruning that might take place. Of course, you can’t be defensive about any const...
If you don’t make payments on your loan (because of unemployment, for example), the lender may add those interest charges to your loan balance.2Eventually, you need to pay those costs. With subsidized loans, your loan balance does not increase when you skip payments, and any paym...