"The financial aid letters that colleges send to families are misleading, even deceptive. This makes it nearly impossible for families to know what they will pay for college, known as a college’s net price. This occurs because federal law does not require colleges to give families financial aid information in a clear and consistent way as it does for mortgages or credit cards," New York Daily News writes.
... "'Students and families need clear and understandable financial aid information…. The GAO report…highlights the way schools are falling short….' said Justin Draeger, president of the National Association of Student Financial Aid Administrators."
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Publication Date: 3/15/2023