10 Colleges Will Provide Cost and Financial-Aid Information to Incoming Students
"Leaders from the participating colleges met on Tuesday with Vice President Joseph R. Biden Jr., as well as with Arne Duncan, the secretary of education, and Richard Cordray, director of the Consumer Financial Protection Bureau," the Chronicle of Higher Education reports. "About half of Tuesday's meeting was devoted to discussing how the shopping sheet could be improved, said Catharine B. Hill, president of Vassar College. ...The National Association of Student Financial Aid Administrators agrees that the letters should be improved, but has argued that they should not be standardized because colleges should be free to decide the best way to communicate with students they have admitted. The group recently released its own recommendations for improving award letters. The association's president was positive about Tuesday's announcement, however. 'We're very supportive of the efforts by the White House to include colleges in the discussion,' said Justin Draeger, the president."
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