KAKE - Money - Headlines

White House Pushes For College Cost Transparency

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Tuesday, June 5, 2012

The White House is partnering with dozens of colleges to provide new students with easier-to-understand information on costs and financial aid.

Vice President Joe Biden is announcing the partnership Tuesday along with representatives from several schools, including Syracuse University and the University of North Carolina at Chapel Hill. The state university systems in New York, Massachusetts, Maryland and Texas also are participating.

Under the new financial aid transparency agreement, the schools will provide students with data on their financial aid options and estimated monthly payments they will owe after graduation.

The move is part of the Obama administration's effort to address burdensome student loan costs.

Tuesday's announcement comes as the White House pushes Congress to prevent interest rates on federal student loans from doubling on July 1.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 157215895 - kake.com/a?a=157215895