Parents are highly encouraged to start early when learning about the financial aid process. Senior parents/students can start the FAFSA on October 1. The 2016 tax return is utilized. This allows families to get the SAR (Student Aid Report) back earlier so they can make decisions on affordability on colleges to which they have been accepted.
LendEDU has created a guide and video course related to consolidation and refinancing. The guide explains the following programs:
- Federal Direct Consolidation
- PLUS Loan Transfer Info
To also assist parents in the financial aid process, listed below are links that may prove helpful in the daunting process of filing for financial aid for colleges.
College Board: www.collegeboard.
org -- Parents can estimate their EFC (Expected Family Contribution)