Be concerned about your NET cost, not the cost of the school. Private colleges typically have more to give than public universities. Most merit scholarships from colleges or other sources are awarded for students with outstanding academic records and demonstrated leadership. The rates on subsidized Stafford Loans were cut and more families ere made eligible. Borrowers need not begin to repay until 6 months after completing school.
Government covers the interest in the interim.
Home and farm equity is no longer counted in determining eligibility for federal student aid. No minimum student contributions - students are no longer required to contribute any minimum amount. A new, unsubsidized version of Stafford became available to all families. The terms are similar to regular Stafford, except borrowers must begin paying interest immediately. There may be an application fee.