Financial Aid is Key To the Final and Often Tough Choice of Colleges
"Decision day is finally here. The SAT exam and anxious cramming are past. Admissions application essays and financial aid forms were submitted months ago. And the happy acceptances and painful rejections from colleges and universities are in hand," EdSource reports
"Such a decision process can be difficult for all students and parents as they examine grants and whether they need to consider loans. But experts say the choices can be especially stressful for students from low-income families with little history of college attendance.
'Anything that has to do with finances can be confusing to a lot of folks. And when you are the first student in the family going through the process, with no experience, it makes it that much more difficult,' said Megan Coval, vice president of policy and federal relations for the National Association of Student Financial Aid Administrators.
She and other experts caution that students must carefully consider how much debt they can take on. In addition, high school seniors should research schools’ locations, majors, graduation rates, counseling support and extracurricular activities. 'Cost and financial aid are absolutely a part of it but students should think about a lot of things (to determine) if a school will be a right choice,' Coval said."
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Publication Date: 5/1/2017