In a continuing trend of a widening gap between the cost of higher education and the family income required to pay it, 2012 is shaping up to be a struggle for parents and a boon for colleges, nonprofit or not.
For financial aid expert Kal Chany, the corporatizing of higher education is driving the trend.
“Most people assume that a college’s aid office is looking out for their best interests, but that’s not the case,”says Chany, author of Paying for College Without Going Broke, a guide now in its 20th edition with a foreword by Bill Clinton.
“In reality there’s a lot of aid leveraging, and they are just trying to figure out the least amount they can offer you and still have you attend their school.”
With that in mind, Chany shares some essential tips for planning education financing in 2012... read more
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