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Stock impact report

Understanding Financial Aid Offer Letters: What College-Bound Families Need to Know

SLM Corporation (SLM) 
Last slm corporation earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: salliemae.com/about/investors
Company Research Source: Business Wire
Sallie Mae Offers Guidance and Free Resources to Compare Financial Aid Offers NEWARK, Del.--(BUSINESS WIRE)--Each spring, students and families reach one of the most important milestones in the college decision process: receiving financial aid offer letters from colleges and universities. Sent after a student is accepted and completes the Free Application for Federal Student Aid (FAFSA®), these letters outline the mix of scholarships, grants, school, state-based, or federal aid a student is being offered — and are often the primary way families estimate what college may cost and compare schools.While these letters provide critical information, differences in terminology and how information is presented often make it harder for families to compare options and understand the full picture. In fact, only 36% of families said their offer included the full cost of attendance, and just 27% of offer letters clearly outlined expected out-of-pocket costs. In addition, one in five families (2 Show less Read more
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