As your child labors over college submissions forms, you might be wondering how you'll be paying for all those years of schooling. “Today” financial editor Jean Chatzky shares some tips on applying for financial aid, including negotiating with the colleges.
Unless your child has applied early decision, you're probably still sweating through the college application process. And yet, though you can't even submit the FAFSA (that would be the Free Application for Financial Student Aid) until the beginning of next year, you'd be smart to start thinking about financial aid as well. Why? Because experts say there are things you can do now — including selecting particular schools to apply to — that can help not only maximize the amount of aid your child is offered, but increase the amount that comes in grants (which don't have to be paid back) versus loans (which do). Here's the lowdown: Continue reading
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