Students largely are responsible for their own success at college, whether that means getting a 4.0 GPA, being involved in student government, or learning the skill set that will enable them to land a decent paying job upon graduation.

However, many do not consider all the hard work and years of preparation that parents contribute prior to the college admission application process. According to NextStudent, a leading Phoenix-based education funding company, the earlier parents start planning for their child’s education and the more prepared they are for that event, the more successful they may be in helping their child attain the dream of a college education.

Be Informed: Apply for Aid Early

Many parents already are familiar with the Free Application for Federal Student Aid (FAFSA) form that must be completed each year in order to receive federal government aid. Some even may be aware that the deadline to receive funds for the next school year is the end of June. What most may not understand is that they may submit their application as early as Jan. 2 of that same year.

Other parents may be under the mistaken notion that they have to wait until after they file their taxes to submit their FAFSA. That is an erroneous assumption that could prove costly when it comes to getting the funds needed for school. Students and their parents simply may ESTIMATE their income on the FAFSA, and if they apply online they only need to update that figure on the government’s FAFSA Web site.

Abundant Resources Available

In addition to applying early for aid, there are many other resources that parents may use to save for school or maximize their college-related expenditures.

One of the most profitable ideas, especially if your child is a college-bound high school student, is to research and apply early for FREE scholarships and grants. Students may want to contact their college’s financial aid office for assistance here, or use one of the many online scholarship search engines. The NextStudent Scholarship Search Engine has over 42,000 college funding sources comprised of more than 2.4 million individually awarded scholarships valued at over $3.4 billion.

Take Advantage of Tax Credits and ‘Tax Advantaged’ Savings Plans