College financial aid can look more generous than it is. Use this checklist to find out what you’re really getting.
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Outside the Box
Make sure to fully understand a college award letter before signing it
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College is almost here for many high-school seniors. But as every family knows, going to college costs money. While financial aid is essential for many students and parents to afford higher education, it may not provide the full extent of coverage or the amount they anticipate.
It’s easy for students to misunderstand and misinterpret college award letters that specify the financial aid they will receive. Parents and students should make sure they have done their research before signing anything. They should read the letters carefully to understand what they are getting and how much more money they may need to cover all costs.