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If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the coronavirus pandemic, and higher education institutions are anticipating an increase in students' financial aid need, as well as a large number of college financial aid appeals. Fortunately, there are ample options and resources to help you pay for college these coming semesters. Explore the various options to find out which works best for your situation - from scholarship deadline extensions to relief provided through the CARES Act and more.

Paying for College during Coronavirus

June 26, 2020 3:48 PM
by Susan Dutca-Lovell
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school seniors from the Class of 2019 took out student loans, and it’s likely that percentage will only increase for the Class of 2020. If you’re looking for some help managing your student loans, here are a handful of free and low-cost online resources that can help.

Want Help with Student Debt? Try These Resources

June 12, 2020 9:54 AM
by Izzy Hall
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free, the IRS states that if scholarship funds are used for “incidental expenses” like housing, transportation or meal plans, those funds must be included in a student’s gross income statement. Even scholarships intended to be used for room and board or for meal plans at school must be reported.

Will You Pay Tax on Your Scholarships?

June 5, 2020 1:53 PM
by Izzy Hall
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free,
Traditionally, May 1 is National Decision Day, the deadline by which high school seniors commit to their desired college or university by signing their Letters of Intent to enroll. This year, due to the novel coronavirus pandemic, many colleges have postponed the deadline until June 1. Most students will have received their college admissions acceptance letters by April 1 and the good news is that this deadline extension gives them some extra time in making presumably the biggest decision of their current lives. Now that you may have some more time to deliberate on which college you'd like to attend, quickly run through these checklists to ensure you're truly ready for the big day!

May 1 is National Decision Day 2020

April 24, 2020 10:21 AM
by Susan Dutca-Lovell
Traditionally, May 1 is National Decision Day, the deadline by which high school seniors commit to their desired college or university by signing their Letters of Intent to enroll. This year, due to
Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are able enter forbearance on their student loans for 60 days without accruing interest. The U.S. Department of Education will also suspend student loan payments by borrowers who are over 31 days delinquent. The White House has already announced that it will waive the interest on federal student loan payments. Here are some of the recent developments in proposed relief for students, colleges and universities as part of the COVID-19 stimulus plan:

Coronavirus Stimulus Package: Higher Ed Edition

March 24, 2020 11:51 AM
by Susan Dutca-Lovell
Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you intend on attending college between July 1, 2020 and June 30, 2021, we encourage you to fill out your FAFSA – ASAP. Here are some common FAFSA mistakes to avoid:

Common FAFSA Mistakes to Avoid

February 26, 2020 12:34 PM
by Susan Dutca-Lovell
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you
The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These enhancements are some of the first of several upgrades to the website that will roll out in 2020, delivering on U.S. Secretary of Education Betsy DeVos' promise to modernize and personalize the customer experience with federal student aid, according to the news release. Here are the latest tools released and what they mean:

StudentAid.gov Debuts New Online Tools

February 25, 2020 10:59 AM
by Susan Dutca-Lovell
The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of Education had required veterans to formally apply for student loan forgiveness - having them complete unnecessary paperwork to secure relief from their student loans, even after the Department of Veterans Affairs had found that a veteran met the legal requirements for disability-related loan forgiveness. In 2018, over 30,000 totally and permanently disabled veterans eligible for student loan forgiveness had not completed the necessary paperwork; a majority of which had defaulted on their student loans.

Student Loan Debt Forgiveness for U.S. Military Veterans

February 4, 2020 3:29 PM
by Susan Dutca-Lovell
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of
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