April 17, 2015

College financial aid shopping tool

It's that time of year when students face difficult decisions about where to pursue higher education. College financial aid offers can be very confusing since there is no standard form. The Consumer Financial Protection Bureau (CFPB) offers the College financial aid shopping sheet to help compare offers: http://collegecost.ed.gov/shopping_sheet.pdf
For more information on how to use this tool and advice on making prudent decisions on how much to borrow for that degree check out "Know before you owe" http://www.consumerfinance.gov/students/knowbeforeyouowe/
I wonder how many families who vote for politicians who staunchly opposed the formation of the CFPB and lobbied heavily against appointing Elizabeth Warren (now senator from Massachusetts) as director, will be using this valuable tool.

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