MONEYWATCH
Financial aid awards: 4 things you need to know
March 09, 2012
March 09, 2012
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any good. As strange as this will sounds, some schools don't include the cost of attendance in their letters. Other institutions low ball the cost by leaving out some expenses.
3. Watch out for the loans
One way that schools make their packages look more attractive is to include loans. The only loans in an aid package should be government loans with more favorable terms that families qualify for due to their lower incomes. The two loans in that category are the subsidized Stafford Loan and the Perkins Loan. Don't be impressed if you see a PLUS Loan for Parents
any good. As strange as this will sounds, some schools don't include the cost of attendance in their letters. Other institutions low ball the cost by leaving out some expenses.
3. Watch out for the loans
One way that schools make their packages look more attractive is to include loans. The only loans in an aid package should be government loans with more favorable terms that families qualify for due to their lower incomes. The two loans in that category are the subsidized Stafford Loan and the Perkins Loan. Don't be impressed if you see a PLUS Loan for Parents
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