How to Tackle Financial Aid as a Parent in 2012

Maximize your financial aid with these tips

Colleges are getting very tight with their financial aid rewards. So, The Wall Street Journal warns, students and their families should be careful to press the right buttons to get all the financial aid they’re entitled to.

The Journal has plenty of advice about how much to keep in a student’s 529 account (not too much) and how to adjust your income to maximize your reward. And one of the basics is to fill out the FAFSA, something that everyone at all income levels should do.

Megan McClean, the director of policy and federal relations at the National Association of Student Financial Aid Administrators, echoes that suggestion.

“This is the first step and has to occur if a student wants any aid from the government,” she told us in a phone interview.

Read more at Madame Noire.

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