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1). Colleges Know What You Did Last Summer With summer upon us many parents are looking for things for their kids to do that will boost their college applications. 2). How Free is the FAFSA? The Free Application for Federal Student Aid is free according to the U.S. Department of Education. It costs you nothing to fill out the form. But it costs families thousands of dollars in lost financial aid if done incorrectly. 3). Top 10 Myths of College Funding No matter how much time parents spend fretting about college most families are still at a loss as to how to pay for it. Here are the Top 10 Myths of College Funding and a reality check for each.