Wanting to figure out the expense of an offered university and just just what tools can be obtained to foot the balance may be a challenge that is formidable pupils and families. That’s because financial-aid offer letters — telling students that are prospective much they’re likely to pay and if they be eligible for any funds and loans — are often confusing.
In some instances, colleges do little to differentiate between scholarships, loans and work-study during these letters, based on a written report released just last year by brand new America, a think tank. Various other instances, they describe loans moms and dads may use to fund their children’s training as “awards. ” And people are simply a number of the types of terminology that may cause confusion, brand New America discovered.
Some financial-aid offer letters describe loans moms and dads may use to invest in their children’s training as ‘awards. […]