The traditional approach to college applications for many families is to pick a school and figure out how to pay for it later. “That formula is a recipe for disaster now,” says Kalman Chany, a New York City-based financial aid consultant and the author of the Princeton Review’s “Paying for College Without Going Broke.”
“The best school now may be not the highest ranked, but the one where you graduate with the least amount of debt,” Chany said.
Find out more about how to get the best financial aid package at Market Watch.
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