“Understanding Financial Aid”. This video takes parents through the financial aid process. What is the FAFSA? The CSS Profile? Do you know how financial aid is administered? Understand what Cost of Attendance means and how Expected Family Contribution is calculated. Learn about merit and need-based aid, types of loans that are available, and how the aid process works. Understanding how the financial aid process works is an important part of the college admissions process. Students and parents will learn about how they can fill out the FAFSA, what information they need to gather as they apply for financial aid and what happens once they apply. The presentation also includes information about applying for scholarships.