The Financial Aid Offer: A Tool to Clarify and Communicate Affordability

"While many factors cause these persistent debt challenges and inequities, one is that students lack adequate information to make informed choices. Transparency about affordability, college costs, and financial aid is crucial to supporting students and their families in choosing the right college. Financial aid offices across the country wield a powerful tool in shaping these decisions: the financial aid offer. In theory, it should reveal if students can afford to attend, but too often it leads to confusion. For instance, a 2018 report from New America and uAspire analyzed over 11,000 financial aid offers from over 900 colleges and universities. The organizations took an indepth look at offers from 515 institutions and found that 60 percent of them did not calculate what students would need to pay."

Read the full report here.

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