Every year I come across articles and examples of college financial aid bait and switch. To be clear, not all colleges will play this game, but some do. There are ways to deal with this. First, if the family is able, they should retain a proven expert in the college financial aid process. He or she will know how to effectively deal with the situation. If not, if the student receives a generous offer in the first year, the family should ask the appropriate person in the financial aid office if they can expect a similar offer in the second year and so on. If their response is a no, ask why.
Read the article that we found on Nerd Wallet that inspired this blog below. If you would like more information on bait and switch, please contact our staff.
Why Your Financial Aid May Plummet After Freshman Year
nerdwallet.com/blog/loans/student-loans/financial-aid-plummet-after-freshman-year/
