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And no, like many people going through the college process for the very first time, she applied only where she REALLY wanted to go -- no state colleges (party schools), no UC's (too big & impersonal), no financial safeties (knew she would qualify for lots of FA), just small prestigious liberal arts colleges, & I think Harvard, Yale & Stanford. But she was not the only one!
Government makes more tax credits and dedutions available and colleges simply increase their costs to soak up these new funds
Already the Government has agreed to absorb massive loses on student debt.
How?? At present, my kids still can't simply walk away from their student debt
I know a number of schools that felt they HAD to start giving merit aid in order to stay competitive much as they hated to do so.