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When you buy expensive things -- a TV, a car, a house --, you most likely take more and more time to carefully consider the risks, rewards, and probable outcomes associated with the purchase as the price increases. No one wants to waste hard-earned money. In addition to knowing the purchase price, you will likely have a good handle on the ultimate cost, including after-purchase expenses such as maintenance and insurance. This is true for nearly all consumer transactions -- except for purchasing an education.




That sounds odd, doesn’t it, “to win the financial aid game.”  You don’t have to stretch very far to see that the financial aid process has characteristics of a game: there is a rulebook, a referee (the U.S. Department of Education), a defined time period and rewards at the end for the winners.  Unfortunately, as we’ve recently learned, there are cheaters too.


On October 1, the Free Application for Federal Student Aid (“FAFSA”) will be available. High school seniors and college students continuing into Academic Year 2020-21 will need to file a new form to be eligible for aid in the 2020-21 Academic Year. FASFA allows students to participate in federal student aid programs, including the Direct Student Loan Program, the Pell Grant Program, Work-Study, and other federal aid programs. Without filing, students will not be eligible for these programs.