How a bad year for college financial aid is shaping these students’ futures

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Ramon Montiel-García, a newly minted high school graduate from KIPP Northeast Denver Leadership Academy in Colorado, was accepted to his first-choice school, Wheaton College in Massachusetts.

However, with a sticker price of nearly $80,000 per year, including tuition, fees, and room and board, Montiel-García, like many college hopefuls, needed financial aid to bring the cost down.

But also like his peers, Montiel-García struggled with the new federal financial-aid application.

Read more from CNBC.

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