2. Student selects in-state schools that have low “sticker” prices assuming he will minimize his student loans there.
3. School list is expanded by CFS to include private colleges that meet a higher percentage of need than in-state schools.
4. Student appeals the offer from his least expensive private school and is awarded an additional $5,000/yr in gift aid.
Debt to be incurred at the NY (out of state) private school is 27% that of his home state flagship school.