Comments on: Tips for Negotiating Financial Aid for College

By: Rene

Rene — Fri, 03 May 2013 17:10:57 +0000

What do I do if I cannot get the tuition, one way or another, to send my son to college. he only applied to one school. It is the only school he wants to go to. he wants to do photography, which didn’t offer a lot of grants, scholarships or fellowships.

It is a serious failure for me as a parent that I cannot send my son to college. I have 3 children and one is trying to pay her own way. In 4 years, I will be doing this again with my youngest.

I am losing the energy and the drive to keep fighting for what little I do have. This whole process is daunting and overwhelming.

I agree with Thomas. The cost is just too high. In a sense, we are punishing the young adults of our nation that want to strive and educate themselves.

By: Lilianne FinancialAidPerson

Lilianne FinancialAidPerson — Tue, 30 Apr 2013 05:28:50 +0000

To Russell Manzo: (I work in Financial Aid)
Parent PLUS loans cannot be transferred to the name of the student. The PLUS loan is only for parents. You signed the Master Promissory Note and agreed to take out the loan to help out your daughter and by doing so, you agreed that the loan is under your name and will repay it. The PLUS Loan (Parent loan) cannot be transferred to the student. And cannot be consolidated with the student’s Direct Sub/Unsub loans.
The only thing you can do is cancel the rest of your PLUS loan before it is disbursed and have your daughter apply for an private student loan (in which you might just be a cosigner). Or keep the PLUS loan and have your daughter mail out the payments on your behalf. Otherwise, the PLUS Loan is strictly for the parent.

By: Tracy

Tracy — Tue, 30 Apr 2013 03:07:22 +0000

First of I love the idea of university setting and the student, but take into account, the colleges and Universities are designed to educate “only about 25% of our population, the facilities are not designed for the growth to educate 50-60% more people at once; students that attend and fail to graduate are financially crippled with debt, (collection agencies) the rising costs may also have to do with uncomfortable, poor planned race for expansion, then comes failing students and then desire for competing to house international recruited students that pay the biggest bucks, out of state students tuition is the next desirable, the universities would not survive without absorbent tuition cost, this helps to pay for the huge salaries with the ever expanding Administration Top-loaded into the free lunch and travel programs they experience, while on a learning curve to expand and compete, it’s not the faculty or staff..check the huge costs with high level Administrators (big dollars, some earn 10 times what the governor or congress person earns; insurance and legal protection is very expensive too… amazing students sleep at night and pass exams with the stress of rising debt and potential to fail with fast changing competitive academia environment

By: russell manzo

russell manzo — Mon, 29 Apr 2013 23:18:32 +0000

I have a percentage of my daughters student loans in my name.Can I transfer the loan over in her name after she graduates since shes the one thats paying for it.?Also can you consolidate the loan with her loan that is already in her name? Thanks for answering.

By: Thomas

Thomas — Mon, 29 Apr 2013 23:08:05 +0000

Maybe the more appropriate news story should be:

Why has college tuition and fees increased by a whopping 570 percent over the last 30 years ?

This cost has far outpaced the price inflation of consumer goods.