College in the US is expensive—too expensive, in fact, for the average student to afford on their own. According to the National Center for Education Statistics, about 85% of students at 4-year colleges were receiving some financial aid as of a couple of years ago. Financial aid is good in all its forms, right? If it helps college students afford their educations, what could be the problem?
Unfortunately, not all financial aid is created equal, and not all schools can afford to give out “good” student aid. Here, I’ll briefly talk about the types of financial aid available (the “good” kinds and the “bad” kinds) before laying out the colleges with the best financial aid programs in the country.