The Kept-Up Academic Librarian: Consumer Groups Critical Of Colleges Over Confusing Acceptance Letters

April 26, 2012

Consumer Groups Critical Of Colleges Over Confusing Acceptance Letters

As many high school seniors face a May 1 deadline to decide where to go to college, families are struggling to understand financial-aid letters, which can be murky and confusing. While the federal government requires banks and mortgage companies to disclose interest rates and total payments on loans, financial- aid letters for college -- which can cost as much as $240,000 for four years -- are unclear about how much families will have to pay. The Education Department, consumer groups and guidance counselors are pushing for a standard format for award letters to make them less confusing. Read more at:
http://www.bloomberg.com/news/2012-04-24/colleges-confuse-students-with-letters-offering-aid-that-s-debt.html

Apr 26, 2012 1:37:00 AM | admissions

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