I found this article worth posting because states that there are proposed changes in the financial aid process. One of them would allow parents and students to complete the FAFSA using information from two years earlier so they can file it in the fall which would allow them to see how much they would have to pay in the following year earlier. I don’t see this happening for many reasons. I always advise my clients to apply to lower price schools as a backup. I do concur with the author that parents should discuss as much as possible with the student regarding the true cost of their education and the debt they will incur.
Cost of student loans can haunt parents, too
Des Moines Register