Financial Aid, College and Loans
For most people attending a 4-year university, there are often some types of loans involved. As you receive acceptance letters to colleges, it is important to know how each loan is structured, the repayment options, and how it will impact your future.
This article points out that:
In an ideal world, a college sends a student a financial aid offer detailing the full cost of attendance, including tuition, fees, books, and estimated living expenses if applicable….
In practice, few colleges live up to the ideal.
Make sure you learn about your financial aid.
“In most industries, pushing a loan on naïve consumers without clarifying that it is, in fact, a loan, would invite outrage and a possible regulatory clampdown. In higher education, it’s business as usual.”
https://www.forbes.com/sites/
