Summary
NEW YORK - The kind gesture of writing out a personal check for a high school graduate may lessen the youngster's financial aid package when he or she enters college.
Substantial financial gifts, either paid directly to the student or in the form of tuition bills reimbursed by the gift-giver, can influence colleges to reduce the student's financial aid package, according to Bankrate.com. Such gifts are seen as evidence that a family can contribute more for college tuition.See the full content of this document
Extract
Gifts to Students Can Cut Aid Deals
The Education Department determine...
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