In the current economy, more students are falling into the gap created by financial aid packages. Many colleges claiming their admission is “need blind,” a process where admission decisions are made without reference to a student's financial aid request, do not offer financial awards to cover the needs. These needs are determined by the Free Application For Student Aid and the Expected Family Contribution.
Financial planning is a critical part of the college admission process. Families should fully understand their options and responsibilities for financing an education. A mishap or mistake could determine whether you receive a financial aid award that meets your need.
In other words, you may get in–but be unable to pay the price demanded.
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