College Affordability

Inside Higher Ed reports that a group of higher education institutions has launched the College Cost Transparency Initiative to make financial aid offers easier for students to understand, an initiative that followed the Government Accountability Office’s criticism of colleges and universities for not providing students with clarity about the cost of their education. According to The Washington Post, the initiative aims to make financial aid letters more standard, clear, and accurate. Some advocates are skeptical that this voluntary effort will lead to meaningful change and believe that Congress should take action to enforce compliance.