How to Get the Best Financial Aid Package

5734972521_a7fef5fbfd_zIn the past, the thought was that once you’ve gotten accepted to your dream school, the next step is figuring out how to pay for your education.

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.

Photo courtesy of: Alex