More than 90% of colleges incorrectly detail costs in financial-aid letters, the U.S. Government Accountability Office says, slamming aid-package descriptions as inadequate and misleading
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“I am disgusted at the endemic level of deception currently happening at colleges and universities,” said Rep. Virginia Foxx , who as ranking member of the House Committee on Education and Labor requested the GAO review. She and Rep. Lisa McClain planned to introduce legislation Monday requiring that colleges increase cost transparency.
The GAO focused its review on aid offers for students who received Pell grants, which are generally earmarked forLow-income students “may suffer severe consequences if they do not have access to clear information on which to base financial aid decisions,” the GAO wrote.
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