2. Because two-year-old tax returns are used when completing the Free Application for Federal Student Aid and the CSS Profile, many a family’s financial information will be inaccurate when the financial aid forms need to be completed. More families will want to appeal their financial aid awards.
3. It’s not just need-based aid awards that can be appealed. At many schools, students can appeal the merit award they receive. In this environment, it’s likely that more students will be successful.
4. At least for high school seniors planning to start college in the fall of 2021, the merit awards that some schools offer will be greater. Institutions that are more likely to offer better deals include private colleges not located in major cities on the coasts and in areas where there is a shrinking pool of teenagers.
5. You don’t want to select a college that could close or experience severe financial issues.