Washington - College shopping is about to get a little easier -- for potential students at some schools.
On Tuesday, the Obama administration revealed its new "shopping sheet," a guide of university costs and graduation rates designed to make college information more transparent for students and their families. But compliance is voluntary, raising the question of whether the most expensive and least productive universities will participate.
The "Shopping Sheet" lays out all costs associated with a particular school, while tailored to the individual student.
Loan interest rates, scholarship options, housing rent, food, books, and veterans benefits will all be displayed on this single form, serving as a calculator.
The design is similar to the costs sheet displayed in new vehicle windows at auto dealerships, and would be distributed by colleges in their financial aid packages.
Colleges and universities already make all of this information available to potential students, but some schools have been criticized for confusing language in awards letters and the difficulty in piecing together the numbers scattered across an abundance of school-related correspondence.