What’s this about “front-loading?”

The Chicago Tribune recently ran “Decision time approaches for college applicants,” which included this important reminder for families as you compare financial aid awards:

“Be sure to read the fine print in the [financial aid] offer. Does the school promise that the awards will be renewed as long as you maintain acceptable grades? According to Mark Kantrowitz of Cappex.com, a college advice site, about half of all colleges practice ‘front-loading’ of grants, where the grants for the freshman year are far more generous than in subsequent years.

He notes that at www.CollegeNavigator.gov, you can search each school, click on the ‘financial aid’ tab, and compare the percentage of students receiving grants, as well as compare the average grant amount for first year students with all undergrad students.”