Released: August 10, 2008

Updated law cuts college confusion

Source: Eileen Ambrose, Baltimore Sun (Free Registration)

Confused about tuition costs or the terms of private education loans? Wish you knew the price of textbooks before signing up for a class? Well, you no longer will be in the dark.

The Higher Education Act, recently renewed by Congress, is all about transparency.

The updated act requires new disclosures on the cost of textbooks and tuition as well as the terms of private loans. These disclosures take aim at some of the problems afflicting higher education: Skyrocketing tuition. Soaring textbook prices. And last year’s student loan scandal over the all-too-cozy relationships between private lenders and financial aid offices.

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