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Got a kid going to college? Give me 60 seconds to start you on your financial aid adventure.

First, you need to understand that it does not matter how wealthy you are.

There is a ton of money out there, you should at least try to get what you deserve.

Ok - so you need to Learn the lingo and the best place to start is with FAFSA.

That stands for Free Application for Federal Student Aid and it is the first thing that you need to fill out.

So Dig up those old tax returns, because you need the "prior prior" year.

Yes that's a double prior, meaning if you are applying for financial aid for the 2018 / 2019 school year, you're going to need your 2016 tax info.

Now With so many marriages ending in divorce these days, know that the parent who provides the most support, and who the child lives with 51% of the time, files the FAFSA.

And remember -- Financial Aid forms are a snapshot in time. So if you have $100,000 in your checking account on Monday, you withdraw it all on Tuesday, and file the form on Wednesday, you report nothing in your checking account.

And be careful with those investment accounts in your kids names, they have to be reported - so if they are substantial you may be doing more harm than good when it comes to the aid received.

For more on all of this - follow me at tracy byrnes

Got a kid going to college? Then give me 60 seconds to help you get started you on your financial aid adventure.

Oh because it is an adventure.  And generally, it's a long process, so mentally prepare for that.

First, you need to understand that it does not matter how wealthy you are. There is a ton of money out there, you should at least try to get what you deserve.

But begin to learn the lingo.  And the first acronym you need to learn is FAFSA.

That stands for Free Application for Federal Student Aid and it is the first thing that you need to fill out.

You will need your tax returns to complete the form.  And you'll need older returns -- specifically, the "prior prior" year.

Yes that's a double prior, meaning if you are applying for financial aid for the 2018 / 2019 school year, you're going to need your 2016 tax info. So dig it up.

And then watch the video above for more on what you need to know to get started!