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Financial Aid

Students passed up billions in free college aid last year

According to a new study by NerdWallet, America's families are leaving an outrageous amount of government money on the table when it comes time to apply for college.

You can't get financial aid without filling out a Free Application for Federal Student Aid, or FAFSA. However, in 2014, 1.4 million high school graduates -- nearly half of the graduating class -- didn't complete the form.

Of those 1.4 million students, more than half, or 748,000, would have qualified for free Pell Grant money from the federal government based on their family income and where they went to college, if they'd only done the paperwork.

NerdWallet calculated that, per graduate, the average...