Attempting to figure out the price of a offered university and exactly exactly what tools can be found to foot the balance could be a challenge that is formidable pupils and families. That’s because financial-aid offer letters — telling potential pupils exactly how much they’re anticipated to spend and if they be eligible for any funds and loans — are often confusing.
In some cases, colleges do little to differentiate between scholarships, loans and work-study during these letters, in accordance with a written report released this past year by brand new America, a think tank. In other situations, they describe loans moms and dads may use to fund their children’s training as “awards. Continue reading
