This might be old news to CC veterans who have been dealing with the financial aid process for years, but Morningstar posted an article that has some good advice for families who haven't been through the process before:
"Mistake Number 1: Assuming you won't qualify for grants.
According to government estimates, an estimated 2 million students who are enrolled in college and would be eligible for a Pell Grant never applied for aid...
Mistake Number 2: Ruling out federal student loans.
Although some private student loans may advertise lower rates, further investigation is warranted..."
Read all five:
http://news.morningstar.com/articlenet/article.aspx?id=774994
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