By Tim Kowols
It can be a stressful time for students and parents trying to understand how much money they will need for school and where they are getting the necessary loans. According to the National Center for Education Statistics, between 83 and 89 percent of students entering post-secondary education received financial aid, whether it was from public or private sources. Once families receive word back from the Free Application for Federal Student Aid (FAFSA), Gay Pustaver from Money Management Counselors says it is important to find out what it means to your own contribution for your education.
The federal deadline to file your FAFSA is June 30 with corrections or updates to the form due back by September 9. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.