Colleges typically address costs and financial aid one year at a time, which can make it difficult for students to anticipate the full cost of a degree.
In some cases, colleges ?front load? their financial aid so that a student receives less the longer he or she attends the institution. However, even when a college keeps aid consistent, its rising costs can lead to unexpected increases in out-of-pocket expenditures and loans for the student.
Bucking convention, the University of Dayton plans to tell its prospective students the total cost needed to obtain a degree. Beginning this year, UD?s financial aid offers will specify expected costs for four years.
The Chronicle of Higher Education recently posted a sample of UD?s new aid-offer format. Click here to check out.
Source: http://in.princetonreview.com/in/2013/01/a-financial-aid-offer-that-is-good-for-four-years.html
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