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Help Me Understand Financial Aid

Jan 07, 2022

Paying for college can be overwhelming.  Knowing the options and identifying sources of money for your family to pay the college bill is half the battle.

For most families, the options to pay for college boil down to:

  • Saving
  • Borrowing
  • Getting financial aid

This article will:

  • Tell you why filing the Free Application for Federal Student Aid (“FAFSA®”) is important no matter what your family income may be,
  • Discuss the Academic Year 2022-2023 FAFSA® form, and
  • Outline the likely changes to the FAFSA® form to be used in 2024-25

If you want to skip right to the finish line to get an estimate of the amount of financial aid you might eligible to receive, use this free Financial Aid Estimator.

College admissions decisions are arriving – a joyous time for students relishing their success. A disappointing moment when dream schools say no. No matter which, these emotions will soon be overrun by the reality of making a school choice. And then figuring out how to pay the coming college bill. Lurking under it all: how much student loan debt will be required to get to graduation?