Wanting to determine the price of an offered university and exactly just just what tools can be obtained to foot the bill are a challenge that is formidable pupils and families. That’s because financial-aid offer letters — telling students that are prospective much they’re anticipated to spend and if they be eligible for any funds and loans — are often confusing.
In some instances, colleges do little to differentiate between scholarships, loans and work-study in these letters, based on a written report released a year ago by brand new America, a think tank. In other situations, they describe loans moms and dads can use to invest in their children’s training as “awards. ” And people are only a number of the samples of terminology that may cause confusion, brand New America discovered.