How to Decode Your College Financial-Aid Offer

"You just got accepted into college. Now it's time for you—and often your family—to figure how to pay for it. That means wading through college offers of financial aid, which usually arrive the same time as the acceptance letters," according to Yahoo! Finance.

"The U.S. Department of Education has developed a Financial Aid Shopping Sheet, a standardized award letter that it wants schools to use to make it easier to compare aid packages. But using the form is voluntary and only about half of schools do so.

'How much you’re going to pay for school is one of the most important aspects of deciding where to go to college,' says Justin Draeger, president of the National Association of Student Financial Aid Administrators. 'Now families and students can have more time to determine what school makes the most sense for them.'"

NASFAA's "Headlines" 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.

 

Publication Date: 3/9/2017

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