Our friend and frequent guest on our national radio show, Kal Chany is president of Campus Consultants and author of our favorite book on college financial aid, "Paying for College Without Going Broke," 2007 edition.

He passed along a funding college tip that we think you should know.

Don't hesitate to apply for financial aid, even if you think you make too much money. Fill out the financial aid forms anyway.

Billions of dollars of aid goes unused every year. You might qualify for a needs-based aid package if your child has their eye on an ultra-expensive college or university. And the income ceiling to qualify for financial aid may significantly rise if you have more than one child in college at the same time.

To obtain a copy of the Free Application for Federal Student Aid, go online to www.fafsa.ed.gov.

If you want to get smarter about everything money, here’s what we want you to do: Sign up for our FREE email tip-letter, Smart Money Moves with the Dolans. It’s loaded with advice to make your life simpler and more rewarding—and it’s FREE. Click here.