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August 09, 2007

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I'd say this advice is right on. Parents and students shouldn't forget that negotiating aid doesn't stop with freshman year, however. Most schools will systematically increase tuition and reduce the aid a student gets once they have begun attending. Students need to keep seeking scholarships and high-quality loans, as well as asking for additional financial aid each year.

Obviously, a student should also study hard, to retain merit scholarships and increase the likelihood of graduating on-time. Dropping out without a degree or taking extra time for a degree may sometimes be warranted, but it will always cost more money!

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