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Always start with a conservative number because some savings plans come with stipulations, where funds can only be used for college expenses.
Federal aid comes in the form of federal grant programs, federal student loans and federal work-study programs.
According to its most recent publication, in a section called The Condition of Education 2013,"most nontraditional students are enrolled in PFP’s.
In fact, for the fall enrollment in 2011, in four-year PFP institutions 71% full-time and 78% part-time students were at least 25 years old or older.
Nontraditional students are contrasted with traditional students who "earn a high school diploma, enroll full time immediately after finishing high school, depend on parents for financial support, and either do not work during the school year or work part time".
The financial aid process is daunting, especially when going through the process without help from a reliable source.Fortunately, we are here to help you navigate obscure financial aid acronyms with ease.Always start out with the Free Application for Student Aid, known as FAFSA.Once you’ve completed FAFSA, look for ways to cut your college costs.Apply for early action to maximize your financial aid package and apply for scholarships.