Financial aid is not an easy puzzle to solve, and a few facts seem to contribute to that complexity.
1. College is expensive
2. Young people can lack financial literacy
3. High school juniors and seniors are often consumed with admission requirements rather than money
For these reasons and more, college financial aid can remain murky for too many students in terms of what’s out there, applications processes–even the difference between a loan and a grant.
The following infographic from Online Colleges helps to clarify some of the mess, and a few statistics stand out: