The financial aid office of University of Southern California has altered its formula for calculating aid this summer, a major change that went unannounced and has drastically affected the amount of aid received by students. Continuing students received a rude shock when the new--and in most cases significantly reduced--aid packages were awarded.
Some students have left the college unable to meet expenses. The aid office is working on a damage control strategy by reaching out to students on financial aid who have not registered, hoping they will continue into the next semester. The lack of communication that made the situation worse as most students were caught unaware and had limited time to find alternate sources of covering school expenses.
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Issue: Higher Education Affordability