Want to calculate how much you could owe in student loans after graduating from a particular college? A new government website provides tools to help with the math.
The site, by the Consumer Financial Protection Bureau, is in the testing phase, but already includes information from 7,500 colleges and universities.
Users can plug in details such as grant and scholarship offers to compare what they might owe after attending different schools. The site also offers information on graduation and student loan default rates.
A "military benefit calculator" function allows the nation's more than 2 million Iraq and Afghanistan veterans to determine what they could owe after using their GI Bill benefits.
It can be found at http://www.consumerfinance.gov/payingforcollege/costcomparison.
The site is the latest effort by the federal government to make colleges and universities more open about costs.
A separate Education Department web site _ http://collegecost.ed.gov_ also addresses college cost, with information such as the rate of tuition increases at colleges.
"Choosing a school is a big responsibility _ one that is too often made difficult by an inability to determine the impact of student loan debt," said Richard Cordray, director of the Consumer Financial Protection Bureau, at a news conference in Sioux Falls, S.D., with Sen. Tim Johnson, D-S.D., and a gathering of local high school students.
The bureau says student loan debt has reached $1 trillion, surpassing credit card and auto-loan debt. Graduates owe on average about $25,000.
Hefling reported from Washington.
Team Jeb Hits Back at Trump for Being 'Soft on Crime,' Cites Past Support for Legalizing Drugs | Cortney O'Brien
Sen. Chris Murphy Admits That Gun Control Legislation From Washington Probably Won’t Stop Shootings | Matt Vespa
Katie Pavlich - Latest Clinton Email Server Dump Reveals 150 More Documents Flagged For Classified Information
Even the State Department help desk didn't know about Hillary Clinton's private address
Scarborough: Cable news has put lives at risk, including MSNBC, for “a few ratings points” - Hot Air
Father of Murder Victim Will Campaign For Gun Control, After He Buys One - Bearing Arms - Anti-Gun Hysteria
To Hell With You People | RedState
Nick Adams - Not a Single Illegal Immigrant in 7 Months... In Australia
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events