Under a new government program, any borrowers who were in default or delinquent before the loan-payment moratorium will emerge from it with a clean slate.
Outside contributions will no longer be penalized in financial aid decisions after Congress made tweaks that will go into effect for the 2024-25 school year.
Families can use their Expected Family Contribution to determine what type of colleges and universities their children should target, and maximize their chances of obtaining financial aid.
It’s easier to get into financial trouble when pursuing a graduate degree because there is no fixed limit on how much graduate students can borrow for tuition, fees and living expenses.