One thing college do know – they know what it is that most people don’t know, and how to mislead them. It’s amazing how hard they work to not disseminate knowledge. (See this post for another example of their efforts.)
Anyway, look at this graph.
There was a good article about this and some discussion of why in the New York Times. I also have a post describing the common business practice they are using, and another on how they likely use FAFSA.
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