New Standard on Aid Package Descriptions

June 5, 2012

College and university presidents are expected to announce at the White House today a new system to promote clarity of financial aid packages, The New York Times reported. Starting in the 2013-14 academic year, students will be provided with a "shopping sheet" with easily understandable aid packages, detailing costs after grants, and estimating monthly payments on any loans. Details will be released today.


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