Reception Mixed for Federal College Calculator Website
"An online government-run calculator designed to help families understand the complexities of college costs could be helpful, though some information might be misleading, experts say," the Pittsburgh Tribune-Review reports. "The site, whitehouse.gov/scorecard, calculates five criteria for every college: annual price after grant aid, six-year graduation rates, loan default rates, median borrowing and post-graduate employment — a section yet to be completed. It debuted last week under the cloud of student debt surpassing $1 trillion last year. ... 'We're concerned that it's hard to apply a one-size-fits-all form to all schools across the country,' said Megan McClean, policy director for the National Association of Student Financial Aid Administrators in Washington."
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