The announcements from universities like UPenn and Brandeis to expand financial aid programs aim to increase college affordability, directly addressing rising concerns over student debt.
James Milliken emphasized the need for colleges to send a clear message regarding affordability, stating, "This is about sending a clear message that college is affordable."
Tania LaViolet explained that the simultaneous announcements are part of a "clear cost" initiative, aiming to highlight financial aid resources amidst high tuition rates.
With doubts about college value intensifying and confidence in higher education declining, institutions are motivated to reassure families about financial aid and affordability.
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