Confused By Your College Financial Aid Letter? You're Not Alone
Elissa Nadworny, NPR
Right now, students across the United States are in the process of choosing where to enroll in college. For many, that decision is closely tied to a school's financial aid offer. But with no current standardization of these offers, letters look vastly different from one institution to the next. They're often filled with confusing terms, and the numbers are all over the map.
And that isn't just an inconvenience for students and parents—it has lasting consequences. Students rely on financial aid offers to make their decisions. It's also when students first weigh their options with student loans, which can follow them well into adulthood.