By Tim Kowols
College bound students are already beginning to look towards next year on ways to afford their education. According to the College Board, the average full-time student in 2015-2016 received over $14,000 in financial aid, but ended up graduating an average $28,000 in debt just a few years later. As the letters with those financial aid awards begin to come in, Gay Pustaver from Money Management Counselors reminds parents and students to make sure they understand what all the numbers mean.
Pustaver also reminds parents and students they do not have to accept everything for financial aid, especially unsubsidized student loans that end up being more expensive and begin accumulating interest after they are accepted.