The Best Way to Borrow for College

As recently as the early 1990s, most students did not take out college loansToday, almost two out of every three college students borrow due to runaway higher education costs.

The typical student borrower leaves college with roughly $35,000 in debt. As a result, federal college loan debt now exceeds credit card debt.

An End to a Rushed Financial Aid Season

Faced with challenging aid deadlines, parents are forced to file for financial aid using estimated tax return information; but families who do this will receive a financial aid package contingent on a school receiving their final tax numbers. And sometimes those finalized figures will result in schools reducing their aid packages.

Safe Ways for Grandparents to Help With College Costs

It’s always wonderful when grandparents volunteer to help with college costs.

Grandparents, however, have to be careful about how they pitch in if their grandchildren have a shot at receiving need-based financial aid.

If your family is too affluent to be eligible for need-based financial aid, it doesn’t matter how grandparents save for college or how they help pay the tab.

Why You Should File the FAFSA

Most parents with college-age children should complete the Free Application for Federal Student Aid, but many families never bother.

According to the U.S. Department of Education, less than 55% of families with high school seniors submit the FAFSA. That’s a low statistic when you consider how important this document is to millions of Americans. Low and middle-income students, for instance, have a 25% to 30% greater chance of enrolling in college if they file the FAFSA.