Paying for Education - 360 Degrees of Financial Literacy http://www.360financialliteracy.org/Topics/Paying-for-Education en-US Income-Based Repayment (IBR) for Federal Student Loans http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Income-Based-Repayment-IBR-for-Federal-Student-Loans http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Income-Based-Repayment-IBR-for-Federal-Student-Loans The federal government's income-based repayment program (IBR) for student loans allows qualified borrowers to tie their monthly federal student loan payments to their discretionary income. A new version of the IBR program called "Pay As You Earn" took effect on December 21, 2012 (it was originally scheduled to be phased in during 2014, but the Obama administration took regulatory measures to make it available sooner). The potential for IBR to change the landscape for college borrowers is enormous. According to the U.S. Department of Education, as of last October, about two million borrowers had applied for IBR.

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Tue, 14 May 2013 12:35:58 EDT
How can my child get a better financial aid package? http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/How-can-my-child-get-a-better-financial-aid-package http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/How-can-my-child-get-a-better-financial-aid-package Read the Answer »

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Thu, 21 Mar 2013 13:01:55 EDT
All About Federal Stafford Loans http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/All-About-Federal-Stafford-Loans http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/All-About-Federal-Stafford-Loans A Stafford Loan is the most popular federal student loan. According to the College Board, for the 2010/2011 school year (the latest year for which statistics are available), more than $85 billion in Stafford Loans was handed out to students. Here are the highlights of this popular student loan.

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Thu, 20 Dec 2012 15:43:51 EST
Ways Grandparents Can Help with College Costs http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Costs/Ways-Grandparents-Can-Help-with-College-Costs http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Costs/Ways-Grandparents-Can-Help-with-College-Costs Read More »

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Wed, 28 Nov 2012 11:10:36 EST
Is Your 529 Plan Making the Grade? http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Savings-Plans-529/Is-Your-529-Plan-Making-the-Grade http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Savings-Plans-529/Is-Your-529-Plan-Making-the-Grade As of June 2011, there were 8.8 million open 529 college savings plan accounts (Source: College Board, Trends in Student Aid, 2011). If you're one of the millions of parents or grandparents who've invested money in a 529 college savings plan, the arrival of a new academic year may be a good time to see how your plan stacks up against the competition. Mediocre investment returns, higher-than-average fees, limited investment options and flexibility--these are some of the things that might have you thinking you could do better with another plan. If you discover that your 529 plan's performance has been subpar, what options do you have?

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Tue, 18 Sep 2012 16:25:03 EDT
Four Things to Do in the Four Years Before College http://www.360financialliteracy.org/Topics/Paying-for-Education/Preparing-for-College/Four-Things-to-Do-in-the-Four-Years-Before-College http://www.360financialliteracy.org/Topics/Paying-for-Education/Preparing-for-College/Four-Things-to-Do-in-the-Four-Years-Before-College For your child, high school means football games, a driver's license, SATs, and the prom. For you, it means college is right around the corner. Before your child starts touring college campuses, here are four things you can do to get ready.

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Fri, 01 Jun 2012 17:04:16 EDT
Q & A: Filing the Federal Financial Aid Application http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/Q-A-Filing-the-Federal-Financial-Aid-Application http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/Q-A-Filing-the-Federal-Financial-Aid-Application The federal government's Free Application for Federal Student Aid, the FAFSA, should be filed as soon after January 1 as possible in the year your child will be attending college. The reason is that some federal aid programs operate on a first-come, first-served basis, so filing the application early ensures your child has the best chance of receiving the most favorable aid package. Here are some common questions and answers regarding the application process.

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Tue, 10 Jan 2012 15:09:46 EST
Tax-Advantaged College Savings Strategies http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Savings-Options/Tax-Advantaged-College-Savings-Strategies http://www.360financialliteracy.org/Topics/Paying-for-Education/College-Savings-Options/Tax-Advantaged-College-Savings-Strategies You're ready to start saving for college, but where should you put your money? There are many college savings options, but you should generally opt for tax-advantaged strategies whenever possible. Why is it so important to consider strategies that offer tax benefits? Because taxes can eat away at any money you might earn. Here are some tax-advantaged savings options to consider.

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Wed, 14 Dec 2011 12:14:05 EST
Does the federal financial aid formula count all parental assets? http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/Does-the-federal-financial-aid-formula-count-all-parental-assets http://www.360financialliteracy.org/Topics/Paying-for-Education/Financial-Aid/Does-the-federal-financial-aid-formula-count-all-parental-assets Read the Answer »

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Thu, 10 Nov 2011 18:22:00 EST
I'm a stepparent. Is my financial information listed on the FAFSA? http://www.360financialliteracy.org/Topics/Paying-for-Education/Education-Planning-Basics/I-m-a-stepparent.-Is-my-financial-information-listed-on-the-FAFSA http://www.360financialliteracy.org/Topics/Paying-for-Education/Education-Planning-Basics/I-m-a-stepparent.-Is-my-financial-information-listed-on-the-FAFSA Read the Answer »

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Wed, 14 Sep 2011 12:54:35 EDT