Sunday, July 29, 2012

Dept. of Ed Gives Schools a Model Template for Disclosing Financial Aid and School Costs

Colleges (and law schools) are often accused of giving students explanations of financial aid that are confusing and hard to compare with other offers. Now the Department of Education has released a standardized disclosure form, called a "Financial Aid Shopping Sheet” that would disclose all true costs of attendance.

The  National Association of Student Financial Aid Administrators is lukewarm on the template, argue for flexibility rather than a standardized template. However, one suspects that for most schools, a standard form is in the students’ best interests.


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