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Why Upperclassmen lose financial Aid - New York Times

Published by New York Times - April, 6th, 2016

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A few weeks before Ashley Hurst was supposed to commit to college, an email arrived that she thought would change her life. An honors graduate from a magnet high school, Ms. Hurst had been accepted into several colleges with a few good financial aid offers. But they included about $8,000 in loans, and she was dead set against borrowing any money. She kept hoping to snag a free ride somewhere at the last minute.