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College and University Discussion
Reply to "college red flags"
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[quote=Anonymous][quote=Anonymous]There’s a really nasty practice some private colleges have of granting a full ride for the first year to attract the top students they really want (and increase “yield”) and then significantly cutting back the amount of aid for the next year, regardless of how well the student is performing. They expect that the student and/or parents will then apply for a huge amount of loans. Awful. It happened to me years ago at one of the top 5 wealthiest private colleges and again to my nephew recently at a different private college It’s devastating. In my case, the chair of the department I was as majoring in found a private scholarship for me but it was too little too late and I had to go into debt. In my nephew’s case, he transferred to a state university. It’s a horrible and hidden practice. [/quote] Discussed higher up in the thread.[/quote]
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