The top private and public colleges for financial aid—5 offer average scholarships of more than $50,000

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The federal student loan system is facing a massive overhaul, which could result in less college aid. But higher education is only getting more expensive.

To bridge the gap, some schools are offering substantial financial aid packages, according to The Princeton Review.

College tuition has surged by 5.6% a year, on average, since 1983, significantly outpacing other household expenses, a recent study by J.P. Morgan Asset Management found.

Read more at CNBC.

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