Financial aid shopping sheet gaining traction


[author: ]

The Financial Aid Shopping Sheet prepared by the CFPB and the Department of Education will now receive its litmus test. Last week, Secretary of Education Arne Duncan announced in a blog post on the DOE’s web site that more than 500 colleges and universities have agreed to use the Shopping Sheet for financial aid awarded during the 2013-2014 school year. The text of that blog post now also appears on the CFPB’s web site.

Interestingly, in his blog post, Secretary Duncan chose to display a portion of the Shopping Sheet that focuses attention more on the choice of school than on the individual’s cost of attendance, displaying a panel that shows the School Graduation Rate, Loan Default Rate (presumably the default rate on federal loans), and Median Federal Loan Borrowing. We look forward to hearing what students, parents, and schools have to say about the Shopping Sheet and its impact on school selection.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ballard Spahr LLP | Attorney Advertising

Written by:


Ballard Spahr LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.