Do you have a child heading off to college in the fall? If so, this video from Forbes’ William Baldwin is an absolute must-watch. Baldwin discusses how you, as a parent, can optimize your child’s college aid applications and this goes beyond simply filling out the Free Application for Federal Student Aid (FAFSA). Did you know that some elite colleges use a different financial aid formula? I didn’t; you may need to make a few investment allocation changes depending on where you child goes to school and which formula is being used to determine aid.

Photo: Tax Credits/Flickr

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