I have always thought it disingenuous to refer to loans as "financial aid" and that term should be reserved for scholarships and grants (true no strings attached monetary aid). I always thought the first step to change is stop calling these loans something that they are not.
Has there been any research done on the effect of calling loans "aid" on the amount people are willing to take out?
runningfish00770 karma
I have always thought it disingenuous to refer to loans as "financial aid" and that term should be reserved for scholarships and grants (true no strings attached monetary aid). I always thought the first step to change is stop calling these loans something that they are not.
Has there been any research done on the effect of calling loans "aid" on the amount people are willing to take out?
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