Final answer:
The tool on College Navigator with step-by-step instructions using information bubbles is the Net Price Calculator, which helps students plan their educational finances by considering financial aid and student loans. It is also important to fill out the FAFSA® form and to compare aid offers from different colleges carefully.
Step-by-step explanation:
The tool on College Navigator that can guide you step-by-step through a search using information bubbles is the Net Price Calculator. This feature is especially useful for students who are planning their educational finances. When you're exploring various colleges and determining how to finance your education, it's important to consider several aspects: financial aid, student grants, and student loan options; and the Net Price Calculator can be a valuable tool in helping you formulate a comprehensive financial plan.
Filling out the Free Application for Federal Student Aid (FAFSA®) is critical before each college year to establish eligibility for federal grants, work-study programs, and loans. This considered, the comparison of aid offers from different colleges and a careful evaluation of the types and amounts of aid available will lead to an informed decision regarding your educational costs and resources.
Furthermore, understanding and creating a budget for your financial plan is imperative. Not only does it aid in grasping the cost of living, but it also gives a perspective on the amount of post-secondary education needed and how to manage the associated financial responsibilities, like the potential long-term commitment of repaying student loans.