College freshmen need to beware of bait-and-switch aid offers
Reuters - 02/23/2015
Only a handful of colleges offer four-year commitments to prospective students that their financial aid won’t drop, Draeger said.
Northeastern University is one of them. The Boston institution not only promises grant and scholarship aid won’t drop, but that this free aid will increase at the same rate that tuition increases.
The university’s grant aid appears to fall when freshmen are compared to undergraduates overall, but school officials say that is because the school follows a cooperative education model that starts in the sophomore year, alternating classroom studies with six months of full-time work in career-related jobs.