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The authors identified several areas of concern, including misleading presentation of Parent PLUS loans and work-study grants, failing to list costs on the letter, failing to calculate the net price, and a lack of clear next steps for students and families. Department of Education’s Federal StudentAid office. 2] [link]. [3]
However, the rising costs of college are increasingly out of reach for many students. Financialaid discussions have centered on simplifying FAFSA and increasing federal Pell Grants – all important – but federal studentaid policies are only one funding source for families trying to determine how to pay for college.
It could also affect recruitment as prospective students are more likely to question whether college is worth the cost in the first place. --> 0 % of high school students reported college isn’t “worth the cost” in 2023, up from 8% in 2019. Financial hardship is the #1 reason students stop out.
About 43 million people are expected to resume or start repayments of their student loans. The National Association of StudentFinancialAid Administrators (NASFAA) has issued its final report and a toolkit for financialaid professionals across the nation in anticipation of the resumption of federal student loan repayments.
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