Researchers: Colleges’ reported living costs don’t match reality

Jun 12, 2015 by

More than a few colleges and universities around the U.S., including in Texas, are taking some odd liberties regarding the cost of living, according to U.S. News & World Report.

Researchers from multiple universities have compiled data on what schools are telling potential students regarding living expenses. Unfortunately, a third are under- or overreporting these

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In Texas, that same story is repeated across the state with some schools missing the federally reported cost-of-living estimate by hundreds and even thousands of dollars. Things like this can lead to student loans being put in danger.

“You’re capped at the cost of attendance,” one author told U.S. News. “It leads to ugly conversations between students and college financial aid officers, where the student says, ‘I don’t have enough money,’ and the financial aid officer says, ‘You have to learn how to budget.’ And the student leaves with no recourse.”

Source: Researchers: Colleges’ reported living costs don’t match reality – Houston Chronicle

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