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As the class of 2012 graduates from high school, parents are excited to see their children grow up, but many are afraid of the mounting debt from a college bill looming in the distance. These days with the cost of college rising as well as everything else, if your child is intent on going to college, you’ve got to think strategically on how you both will manage the heavy price tag. The Daily Finance shares five top websites to assist parents and students in securing financial aid for college.

1. US Department of Education: The site will help you stay abreast of any changes to Student Aid programs as well as an early evaluation on financial aid eligibility.

2. National Association of Student Financial Aid Administrators: Take a look under the “Students, Parents & Counselors” section, you’ll find resources for state-by-state financial aid programs.

3. The College Board: Its scholarship search tool has a selection of over 2,200 programs with financial aid, scholarship and internship information.

4. Families with a household income over $40,000 will be charged for its services, but this site offers a variety of scholarships, grants and loans on a customized basis.

5. While this plan also offers financial aid and scholarship information, it concentrates more on creating a savings plan for your child’s college education.

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