<p>Print out the FAFSA formula for 2011-2012, and work through it with both scenarios. [IFAP</a> - EFC Formula Guide](<a href=“http://www.ifap.ed.gov/efcformulaguide/101310EFCFormulaGuide1112.html]IFAP”>http://www.ifap.ed.gov/efcformulaguide/101310EFCFormulaGuide1112.html)</p>
<p>Then pay down that debt. </p>
<p>Think of it this way: every cent that is going to service that debt could be going to pay for college instead. The sooner you are rid of the debt, the sooner you can use your money for other thing.</p>