New 'Shopping Sheet' Would Help Prospective Students Compare Colleges

The Obama administration is pushing hard this week to keep the spotlight on its efforts to make college more affordable. On Tuesday, administration officials met with 10 college presidents who have agreed to include a consumer-friendly “shopping sheet” in the financial aid packages they send to incoming students. The sheet would simplify the current process of comparing colleges. It would clearly state the cost of a year of classes, the student’s net cost after grants and scholarships, financial aid options to pay that cost and estimated monthly payments for federal loans. It would also provide information about the colleges’ retention and graduation rates and the share of graduates who default on their student loans. Read more at:
http://www.nytimes.com/2012/06/06/education/obama-officials-aim-to-ease-college-cost-process.html