Finding Money For College
Beware of the second-year “slump in money” A growing number of colleges award to incoming freshmen generous aid packages, then dramatically reduce the awards in subsequent years. However, many colleges are willing to place limits on price increases. Request written commitments that lock in college costs and aid packages for all four years. If you have changing family circumstances during your child’s college years (perhaps a younger child begins the college process), try to renegotiate your initial aid awards....