If they've done it the right way, members of the Class of 2016 are just coming back from their Best. Summer. Ever. to realize it may be time to get serious about college. Since many college-bound families started their search in junior year, the biggest question they have right now is "What's changed over the summer?"
First things first: In the form's acronym lies the secret to avoiding the money pitfalls--FAFSA is short for "FREE Application for Federal Student Aid." Yeah, I know, filling it out is time-consuming, but it's doable. It's also complex and requires information that you're going to have to bird-dog, but it is free.
With billions of dollars available annually for students to pay for their education, most college students utilize at least one type of financial aid. Financial aid options come from federal and state governments, individual colleges, or private organizations, and is available in the following forms.
Paying for college is not easy. To help out high school graduates and their families, there are many different sources of financial aid to help pay for private universities. Here's what every incoming college student and their family needs to know about the financial aid process for private universities.
Whether you're a parent with a child currently in diapers or a student planning to graduate from high school fairly soon, it is worthwhile to study the Free Application for Federal Student Aid (FAFSA) -- a 130-question form that determines who qualifies for a piece of $150 billion in federal grants, loans and work-study funds -- well in advance.
Most families aren't able to cover the full cost of their children's college experience, which means financial aid will play at least a part of their college planning. If you're thinking about applying for financial aid for your college-aged student (or thinking ahead for a child who's got some time left to go), here are the fundamentals you need to know.