Crow, ASU commit to ‘transparency of college costs’ - East Valley Tribune: Business

Crow, ASU commit to ‘transparency of college costs’

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Posted: Friday, June 15, 2012 7:49 am | Updated: 10:18 am, Wed Oct 17, 2012.

Arizona State University president Michael Crow was one of 10 higher education leaders to join Vice President Joe Biden and other government officials in Washington last week to discuss transparency of college costs on students.

The outcome: a commitment by those in attendance to provide students a more clear look at the financial impact going to college entails.

As part of the commitment ASU and the other institutions made, beginning with the 2013-14 school year the schools will detail how much one year of college will cost, clearly explain the different financial aid options (including the difference between grants, scholarships and loans), and show estimated loan payments after graduation, among other information.

In addition to Biden, Crow and the various other college and university presidents and state system leaders met with secretary of education Arne Duncan, Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), and Cecilia Muoz, director of the Domestic Policy Council.

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