No matter how she parses it, Roberta Proctor cannot make sense of her son's college bill. Her income and her assets have not changed. If anything, she says, her family's finances have deteriorated somewhat.
So, she wonders, how could she possibly owe an extra $6,000 for the coming school year, when tuition has not increased anywhere near that amount?
But she does. Like the Proctors, Californians whose son just finished his freshman year at the University of Nevada, Las Vegas, thousands of American families might find it harder to qualify for financial aid this year and might be asked to contribute more money toward the cost of college because of changes to a complicated federal formula they barely know about, much less understand.
Monday, June 06, 2005
Financial Aid Rules for College Change, and Families Pay More
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