Deal reached on student loan transparency

Good news coming from the White House today as Congress has agreed on a deal that will allow incoming students for the 2013-14 school year will be the first to receive an easy-to-understand "shopping sheet" detailing the terms of their financial aid packages.  The new requirements will provide students with a clear picture of not only the net cost of their education after grants and scholarships are applied, but also an estimate of the monthly payments they will have to make following graduation to repay their federal student loans.

This is a welcomed step in the right direction and a clear benefit for borrowers and their families.  To read more, click here.

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