Comments for The College Investor https://thecollegeinvestor.com Navigating Money And Education Sun, 24 Nov 2024 20:31:24 +0000 hourly 1 Comment on Can President Trump Claw Back Student Loan Forgiveness? by Robert Farrington https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/#comment-481677 Sun, 24 Nov 2024 20:31:24 +0000 https://thecollegeinvestor.com/?p=48727#comment-481677 In reply to Terry.

There are no “loan companies”. The Federal government is the lender. They get the money to lend to you through government-issued bonds, and then pass that money out in the form of loans.

If the government forgives the loans, they still have to pay back the debt – whether through tax dollars or other revenue sources.

]]> Comment on Can President Trump Claw Back Student Loan Forgiveness? by Terry https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/#comment-481676 Sun, 24 Nov 2024 15:17:19 +0000 https://thecollegeinvestor.com/?p=48727#comment-481676 When the Federal Government forgives a loan, does the FG give the loan company the money? So if the forgiveness were indeed clawed back, would the loan company have to give the FG their money back? I would think Trump would have no trouble clawing back a benefit (convention be damned), but would hesitate to cause problems for the financial sector.

]]> Comment on 2025 – 2026 Student Aid Index Chart (EFC/SAI Chart) by Robert Farrington https://thecollegeinvestor.com/43805/student-aid-index-sai-chart/#comment-481670 Thu, 21 Nov 2024 20:07:17 +0000 https://thecollegeinvestor.com/?p=43805#comment-481670 In reply to Dave.

Each school decides their own offer based on their own financial aid policies. You can ask if they meet need, have no-loan policies, etc. You’ll likely want to look at inexpensive options and have those discussions now so he can apply to schools you can afford.

]]> Comment on Coverdell Education Savings Accounts (ESAs): Are They Worth It? by Jessica https://thecollegeinvestor.com/37481/coverdell-education-savings-accounts/#comment-481669 Thu, 21 Nov 2024 17:49:08 +0000 https://thecollegeinvestor.com/?p=37481#comment-481669 My mom set up a Coverdell for me a long time ago, and the account was forgotten. I am now 35. She wants to transfer the account into my daughters name and have me as the custodian. I want to roll the Coverdell into a 529. What is the order of operations to make this happen? Is it doable?

]]> Comment on 2025 – 2026 Student Aid Index Chart (EFC/SAI Chart) by Dave https://thecollegeinvestor.com/43805/student-aid-index-sai-chart/#comment-481667 Thu, 21 Nov 2024 10:28:36 +0000 https://thecollegeinvestor.com/?p=43805#comment-481667 In reply to Robert Farrington.

Our SAI number is, 16864 and a family of 6…There’s no way we can afford college, where do we fall into, he’s not eligible for any Pell Grants it says…Is it possible to get anything from any school..What’s confusing is what would be the net price of said school once we know what the SAI number…

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