Making the Case for Transparent Financial Aid Offers
308 views · Published 5 June 2018 · 1:34:05 · Indexed 22 September 2026
Channel: New America · 2018 · News & Politics
After getting into college, students receive financial aid packages--known as award letters--to make their decisions about where to attend and what they can afford. But those letters often confuse rather than clarify costs and available aid. Why is this the case? No federal policy exists that requires standardized terminology, formatting, or even the inclusion of critical information like total cost and loan amounts on these letters. Without uniform guidelines, like federally required nutrition labels or the window sticker for car sales, the consumer is left to make a major financial decision without an apples-to-apples comparison. The lack of requirements leaves thousands of institutions communicating billions of federally funded aid dollars in hundreds of different ways. New America partnered with uAspire, a nonprofit leader on college affordability, to analyze data from thousands of financial aid award letters. Join us for a coffee & a light breakfast to hear from the authors and field experts on how communicating college cost and financial aid to students falls short. Learn what steps can be taken to provide transparency to students and their families by institutions, state and federal government. Thank you to the Kresge Foundation and Jack Kent Cooke Foundation for sponsoring the research and this event. ==================================== New America is dedicated to the renewal of American politics, prosperity, and purpose in the digital age through big ideas, technological innovation, next generation politics, and creative engagement with broad audiences. Subscribe to our channel for new videos on a wide range of policy issues: http://www.youtube.com/subscription_center?add_user=newamericafoundation Subscribe to The New America Weekly and other newsletters: http://www.newamerica.org/subscribe/#
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