New Comparison Tool for Financial Aid

The Consumer Financial Protection Bureau, which is working to create greater awareness among borrowers about student debt, has launched an early version of a financial aid comparison tool that lets students compare the cost of a certificate, associate degree or bachelor's degree at up to three institutions. The results are based on average grants per student and assume the student will borrow the remainder of the sticker price, leading to high total debt loads and monthly payments. They also include an option for veterans looking to attend college on the Post-9/11 GI Bill.