Colleges are increasingly spending more to payday loans OR woo affluent students with scholarships based solely on academic or other achievements, experts say. And it’s leaving those who need aid the most with fewer resources to afford college.

Take out subsidized federal student loans first

Students in the highest 25% income range received a greater amount of non-federal financial aid ($11,300) on average compared with all other income levels, including those in the lowest 25% income range ($7,500), according to a 2019 report on non-federal aid by the National Center for Education Statistics. Lees verder →