11. Skid Marks- The Rubber Has Hit the Road
Put your brakes on- even though we all need more money to send our kid(s) to college, the Federal need-based methodology is for those of exceptional need. For example, the Federal grants (Pell- $5,815 (max) and FSEOG- $4,000) generally are for those families with less than $50,000 of income... and will hardly cover the entire tuition, room & board bill.
Be prepared to be offered loans for both undergraduate and graduate schools of study thereby compounding the already high cost of college.
Merit aid is often a much deeper (and richer) pool in which to participate. 'Ya gotta be active and competitive.