The following is a guest post by Carlin Sack from Binksty.com. Binksty.com provides an integrated online student loan management program to help student loan borrowers deal with their debt.
College students vie for it. Education experts advocate for it. Even President Barack Obama endorsed a college “report card.” The idea of a uniform report card used to assess colleges is supported by many and the hype over it has only increased since Obama’s January speech at University of Michigan regarding the affordability of a college education.
Higher education activists call for a report mandated by the federal government that gives specific items of “consumer information” for every college. Others say that this information already exists elsewhere, so there is no reason for interference by the federal government.
But any current student who is choosing between colleges and is looking for accessible information about actual costs of receiving a degree would vouch that it is not easy to find.
Students just really want to know the answer to one question: “Will this debt be worth it?”