Accountants know so little about financial aid. There are many problems. They do not go to any of the seminars financial aid administrators do. An important concern is getting taxes done on time to meet financial aid obligations. The time frame for applying for financial aid is tight, and it does not seem right that parents have to estimate their taxes to meet their obligations.
Parents believe they have to call the school all of the time for financial aid information.
One student knew of three people who dropped out of college because they could not afford it. They did not receive enough financial aid money. The SAR in its current form is very confusing for families. There is too much information on the form and it is difficult to read. Some students are going to private funding sources to pay for their education.