<p>I have found when talking to students that they often say they got, (for instance) “$35K in scholarships” at NYU, etc. and it turns out that that $35K is not all in scholarships and grants (in other words, in stuff that does not have to be paid back) but is a combo of scholarships, grants, work study and LOANS. They see that the bottom line total is the total cost of attending, but they don’t consider, at first glance, how much the loans add up to.</p>