Student loan debt in the US has reached a staggering $1.2 trillion. Many refer to the seemingly inexorable levels of mounting debt as a “crisis.”

Some of that debt, however, may have been avoided if only borrowers understood a key tool that helps them avoid paying loans in the first place: the Free Application for Federal Student Aid, also known as the FAFSA.

In fact, not filling it out is the single, biggest mistake students make when applying to college, according Kelly Peeler, founder and CEO of NextGenVest.com.

Peeler is a Harvard graduate who worked in investment banking at JP Morgan read more >>>

Source:: BusinessInsider.Com