So you've decided to go to college. Great choice! A college education can open many doors in your professional and personal life.

College is an investment in your future, and many options exist for financing that investment. The first step is to understand these options and make the best decisions based on your family's situation.

These questions introduce you to the basics of financial aid. If this process is new to you, read through all the questions and answers from top to bottom.

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• Before You Start
• How do I apply for financial aid?
• How do I compare financial aid packages from different colleges?
• How do I get the most financial aid?
• How is eligibility for need-based aid determined?
• How much does college cost?
• Oklahoma Tuition Breakdown
• What are the categories of financial aid?
• What are the specific types of financial aid?
• What is a financial aid package?
• What is financial aid?
• What should I do if my family situation changes?

If you understand the types of financial aid and how the process works, you can figure out what types of aid you may be eligible to receive.

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• What if I need assistance in addition to my eligible need- and merit-based financial aid?
• Will I be eligible for merit-based financial aid?
• Will I be eligible for need-based financial aid?

You won't get any aid without taking the next step: you must APPLY!

You are not obligated to accept any financial aid until you receive the funds, so there is no harm in applying. Be sure to review the eligibility requirements, though. If you're sure you don't meet them, don't waste valuable time applying. However, if you think you might be eligible, APPLY! You can also seek help from a college's financial aid office to get more information on eligibility.

"Don't be shy about applying somewhere because of the perceived cost [of tuition]. Apply and find out what the real cost will be," says Jim Kolesar, a spokesman for Williams College in Williamstown, Massachusetts.

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• FAFSA is the KEY!
• Helpful Hints for Applying
• Scholarships and Grants
• Student Loans
• Private Alternative Education Loan

So you've learned about financial aid, determined your eligibility, and filled out all those applications. Soon you should receive your financial aid award letters from the colleges you are considering. It's exciting to think about starting college! But before you accept an award package, make sure you fully understand your options and responsibilities.

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• If you're not sure, ask the financial aid officer at your college
• Make sure you are borrowing responsibly

Congratulations! All your hard work and research has finally paid off. You have been accepted to the college of your choice and have secured the best financial aid package for you and your family. Enjoy the college experience, and study hard. And remember that your financial aid responsibilities will continue throughout your college career. To continue receiving aid, you'll need to keep working towards your degree.

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• Entrance and Exit Counseling
• What happens if I have to withdraw from school?
• What if my circumstances change?
• What is Satisfactory Academic Progress?
• Tax Credits