3 College Finance Tips for Scared Students (and Their Parents)
"With students and parents starting to weigh the costs and benefits of different schools, it's important to be able to compare financial aid packages from different colleges," Daily Finance reports. "That's the idea behind the Consumer Financial Protection Bureau's work with the Department of Education in creating a financial aid shopping sheet. ...But while the Department of Education is urging colleges to use the standardized sheet, it won't require all schools to do so. That's appropriate, according to Justin Draeger, president of the National Association of Student Financial Aid Administrators. As Draeger said in a statement, 'Institutions need flexibility to design a financial aid award letter that best meets the needs of their unique student populations,' That means you may still need to do some legwork of your own to understand the different offers your child gets."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.