Be Cautious With Regard to “No Closing Costs”
Michael Tapscott Director of the Multicultural Student Center George Washington University It is no secret that as higher education costs go up, inevitably, many students will be more dependent on financial aid. Recent federal legislation ensures that eligibility for a higher loan amounts will grow while federal grant programs remain stagnant. Loan maximums for freshmen and sophomore students will increase but there will be no corresponding increase in federal grants.
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