Paying For College

A new idea is making the rounds in education circles. Under the plan, states would allow students to go to college for free then they would pay back a percentage of their salaries after they graduate.

College costs the same for both genders, but women spend a higher portion of their salaries on paying off debt than men because they make less. It starts as soon as they enter the workforce.

You got in! But just how much money is that school offering you? Financial aid award letters can be confusing, so we've put together a sample letter — and translated it into plain English.