Applying for financial aid might seem intimidating, as there are many forms to complete. It may help to know that although these forms are long, they are fairly straightforward; if you read the instructions carefully you shouldn’t have too hard a time.

The most important app you’ll fill out for financial aid is the Free Application for Federal Student Aid (FAFSA). This form is required if you want to be considered for any type of aid or loan, and must be completed for dependent and independent students. The FAFSA determines need-based aid for both graduate and undergraduate students; several weeks after submitting this form you (and the schools you’ve selected) will receive a Student Aid Report (SAR) which summarizes the information reported.

Another form required by some colleges is the CSS/Financial Aid PROFILE. The information reported on this form determines non-federal student aid; you only need to fill out this form if a school you’re interested in asks for it.

New York State residents must complete a Tution Assistance Program (TAP) form for state aid. To qualify for these funds, you must be a resident of New York State for at least a year before applying. Several states have similar programs, so you should check on your state government website before applying for aid.

The out-of-pocket cost of college can be dramatically reduced by scholarships – need and merit-based grants offered by colleges, as well as private ones available from a variety of sources: civic organizations, foundations and corporations, just to name a few. You’ll be able to learn more about scholarships and other ways of reducing college costs by speaking to the financial aid officers of the colleges and universities you’re applying to.

Be sure to keep careful track of all application and financial aid deadlines – in today’s challenging economy it’s especially important to get all the financial aid you qualify for.