NAICU Washington Update

CFPB Launches Online College Cost Tool

July 17, 2020

The Consumer Financial Protection Bureau launched a new web-based resource to help students better understand the cost of attending college.  According to the bureau, the tool was developed to help students turn financial aid offers into step-by-step plans to pay for college.
Once students finish making a plan, the tool estimates the total debt at graduation and offers information to help the student evaluate whether that debt is affordable in the long run. Students can save their plans and revise them if their circumstances change.
The bureau is currently seeking high schools, colleges, and college access organizations to pilot the tool during the coming school year.

MORE News from NAICU