Financial aid comes in many forms – scholarships, loans or work-study. But you have to apply for it, and most colleges require you to file the Free Application for Federal Student Aid, better known as FAFSA. In many cases, families must file the forms by Feb. 1 to be eligible for aid the following school year. Deadlines may vary by school.
BBB advises families to do their own homework before they sign up with anyone promising to find financial aid for a fee. Check the company out with BBB before you sign a contract or pay any money. In many cases, families can do just as well on their own or by consulting a school’s financial aid office.