Study after study highlights how confusing financial aid award letters are for students and parents to understand. In fact, more than 65% of high-debt student borrowers are confused by some aspect of their loan. It's a clear indication that many students are making one of the biggest purchases of their life without fully understanding their commitment. #NotAwesome.
Studies by the Jack Kent Cook Foundation, uAspire and New America, and the National Association of Financial Aid Administrators highlight best practices (and worst practices) to keep in mind as you re-imagine the perfect award letter. Find out how your award letter measures up to industry best practices.