Today’s college students graduate with an average of $26,000 in student loan debt. A quality higher education is a sound investment, and it’s never been more important. In fact, two out of every three new jobs requires some postsecondary education.
At the same time, college has never been more expensive. About two-thirds of today’s bachelor’s degree recipients borrow money to pay for their education. President Obama is committed to making college more affordable, and a key piece of his plan to make this goal a reality is by requiring improved information and transparency about college costs and value.
Better information gives students and their families the ability to make informed decisions about choosing a school that is best suited to their financial and educational goals. Too often, students and families face confusion when comparing financial aid packages, some of which do not clearly differentiate loans from grants, nor distinguish private vs. federal loans, making it difficult to compare aid offers side-by-side.
Fonte: White House