If 'Free College' Sounds Too Good To Be True, That's Because It Often Is

To millions of parents and students, they're magical words: free college.

But is the idea pure fantasy?

More than a dozen states now offer grants, often called scholarships, promising to help qualifying students pay for some or all of their college education. In fact, that word, "promise," shows up again and again in these programs' official names: Nevada Promise, Oklahoma's Promise, Oregon Promise, Tennessee Promise ... you get the idea.

Sometimes referred to as "free college" programs, most are relatively new, sparked by the relentless rise in college costs and by a desire among state leaders to improve college access, especially for low-income students. Hundreds more free college programs have popped up at , too. But a new review of 15 of these statewide programs, conducted by , finds that states vary wildly in how they define both "free" and "college."