Playing the College Game
"As recent graduates struggle with high college costs and a weak job market, schools are using sophisticated tactics to attract new students ... making the process of picking a college even more bewildering for families at all income levels," The Wall Street Journal reports. The Journal offers several steps to keep college costs manageable, including ensuring that financial aid continues to reach the student. "One reason is that the amount a student can borrow using federal loans is lower for freshmen than for upperclassmen, notes Justin Draeger, president of the National Association of Student Financial Aid Administrators. 'Students and parents should be very comfortable asking whether they should expect the same level of grant or scholarship support going forward,' he says. Also ask what happens to your award if the sticker price rises or you receive outside scholarships. Many schools try to increase institutional aid proportionately as costs rise, says Mr. Draeger, but might be limited by the size of their endowment or other factors."
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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.