People are led on a tour group at the campus of Harvard University in Cambridge, Mass. Thursday, Aug. 30, 2012. (AP Photo/Elise Amendola)

How Financial Aid Letters Often Leave Students Confused And Misinformed

The financial aid award letters that colleges send to prospective students can be confusing: Many mix grants, scholarships and loans all under the heading of “Award,” “Financial Assistance,” or “Offered Financial Aid.” Some schools also suggest loans in amounts that families can’t afford. Take Parent Plus loans, a federal program that allows families to take […]

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