Economy

xchrom

(108,903 posts)

22. Families could use real help with the high cost of college

Fri Feb 22, 2013, 08:34 AM

Feb 2013

http://www.washingtonpost.com/business/michelle-singletary-families-could-use-real-help-with-the-high-cost-of-college/2013/02/22/7d9e9f06-7ad0-11e2-9a75-dab0201670da_story.html

With my 17-year-old daughter headed to college, I tried out the new college scorecard tool launched by the Obama administration after the president’s State of the Union address.

I was not impressed. Some links didn’t work, and certain information I wanted wasn’t there. Overall, the tool just didn’t do much to help our family figure out which college would be the most affordable.

The tool, which you can find at whitehouse.gov, is too general when it comes to the real price of college, what the academic industry calls the “net price.”

“Net price is what undergraduate students pay after grants and scholarships (financial aid you don’t have to pay back) are subtracted from the institution’s cost of attendance,” the scorecard tells us.

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