FA Tips from CBS News

MarathonMan88
Sat, 25 Aug 2007 14:22:24 +0000

Came across this recent CBS news story, much of which is not news to CC regulars, but there were a few bits of advice that seemed less mainstream and worth considering:

Be sure to ask hard questions about merit scholarships, particularly the terms for renewal and % of students whose awards are renewed.
Calculate college expenses based on a 5-year model, since a majority of students do not graduate in 4.
Upper income families may do better to take a second mortgage (because it’s deductible) than to borrow.
If you appeal your financial aid award, travel to meet with the FA officer in person.