College Cost Transparency Initiative
The higher education community is committed to providing students financial aid information that is clear, accurate, and transparent about the cost of college. This goal has never been more important as students and families grapple with college affordability in an increasingly complex financial aid system consisting of multiple grant and loan programs with different eligibility requirements.
In fall of 2022, the leaders of 10 higher education associations representing college presidents, financial aid offices, and admissions and school counselors announced the formation of a task force — the "College Cost Transparency Initiative" (CCT) — to tackle that issue by improving the clarity, accuracy, and consistency of student financial aid offers by producing a set of guiding principles and minimal standards to be used when developing aid offers.
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