Financial aid is money to help pay for college!
According to the National Center for Education Statistics, only 41% of students graduate college within 4 years. With each additional semester, tens of thousands of dollars add up. According to data from the University of Texas, those who graduate in 6 years instead of 4 spend 40% more than those who graduate in 4 years.
Multiple things can cause this, but a few of the most common reasons are changing majors, transferring, or taking unnecessary courses.
Many times students choose a college that they know little about. Their entire decision may be made based on a one-time visit or virtual tour. Many students forego the time consuming process of researching important information, such as: