Student loan forgiveness: 5 ways Obama wants to ease student debt
4. Know before you owe
New information is coming to help students compare financial aid packages before they decide on a college and take on student loans.
The Consumer Financial Protection Bureau and the Department of Education are encouraging colleges and universities to use a model financial aid disclosure form. The form aims to allow students to compare aid packages and clarify both the costs and risks of student loans.
To give your feedback on how to improve the form, visit the Consumer Financial Protection Bureau website.