Do you have a preferential packaging policy?
Preferential packaging occurs when a college gives a better financial aid package to a student with a stronger academic background than to another student with the same financial need but with a weaker academic background..
Question 7- What is your four year graduation rate?
What difference does a college’s four year graduation rate make? This is an important question that many people never consider. Another way to phrase this is, How many years of college am I going to have to pay for? If the college has a high four year graduation rate, you will most likely only have to pay for four years of college. However, if the college graduates most students in six years then you can plan on paying for six years of college, not four.
Conclusion
Now that you know something about financial aid, including the questions to ask each college you are considering, you can make an informed decision in paying for a college education and hopefully also save some money.