Most Colleges Don’t Provide Accurate Financial Aid Offers, Federal Watchdog Says

"More than 90% of colleges lowball their net price or don’t provide any detail about it in students’ financial aid offers, according to a blistering new report from a federal watchdog, which called on Congress to pursue legislation to standardize this information," Higher Ed Dive reports.

..."The National Association of Student Financial Aid Administrators, or NASFAA, said in response to the report that it backs clearer financial aid offers.

The association is one of 10 higher education groups that recently announced it will form a task force to help standardize financial aid offers.

NASFAA President Justin Draeger in a statement said the organization has supported legislation to accomplish consistent offers.

'But the higher education community has the capability to make change now,' Draeger said. 'We look forward to working with schools, stakeholders, and our federal partners to help students and families better understand the cost of college today.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented. 


Publication Date: 12/6/2022

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