GAO releases report blasting colleges for misleading financial aid letters ...Middle East

The Government Accountability Office (GAO) blasted colleges in a new report for misleading students in financial aid letters about the total cost of attendance. Ninety-one percent of colleges underestimated or did not include the net price of attending their institution in financial aid offers to students, according to the GAO report released on Monday. About half of universities omitted key costs — like housing and meals, books and supplies, or transportation — in their aid letters and/or factored loans into the net price alongside grants and scholarships, making college appear less expensive. Another 41 percent did not provide an estimated net price at all, the report found. On

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Last updated : 06 Dec 2022 clock 07:08 PM

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GAO releases report blasting colleges for misleading financial aid letters ...Middle East

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