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White House launches college cost website

By Associated Press

LAST UPDATED: 09:50 a.m. HST, Feb 13, 2013

WASHINGTON » The White House is releasing a website designed to help college-bound students have a better sense of how much their education will cost and how much they can expect to pay in student loans.

President Barack Obama promised the tool during Tuesday's State of the Union speech and Education Department officials published the data early today. On the website, potential students and their parents can see a typical student's out-of-pocket costs, as well as what percentage of students graduate.

The searchable database also lets students compare the rates at which graduates default on their student loans against the national average of 13 percent, and how much the typical student pays each month in student loans.

In coming years, the site promises data on how much graduates earn.


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Pacej001 wrote:
Timely, but laden with hypocrisy given the fact that federally backed loans, ala the subprime mortgage crisis, have financed the explosion in higher education prices. Do you think college costs would have gone up far exceeding the rate of inflation without this flood of government backed loans? This is yet another example of government meddling distorting the economy and this time education, all with the very best of liberal intentions. Well the road to you-know-where is paved with good intentions and the Obama administration is a veritable Good Intentions machine. So, liberal friends, the next financial mess, defaulting student loans.
on February 13,2013 | 09:49AM
entrkn wrote:
Online Universities are our future.
on February 13,2013 | 11:24AM
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