White House activates college-cost website

advertisement | advertise on newsday

WASHINGTON -- The White House activated a website Wednesday 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. 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.

advertisement | advertise on newsday

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.

The website is http://www.whitehouse.gov/issues/education/higher-education/college-score-card -- AP


Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: