Secretary of Education Arne Duncan has penned an open letter to more than 7,000 college presidents asking them to use a new one-page “shopping sheet” intended to help students and their families see clearly the amount of loans they may need to attend an institution and how much in grants and scholarships they would receive.
In his letter, Duncan noted that he felt many schools needed to be more transparent.
“Students should not have to wait until after they graduate to find out the size of their monthly student loan payment,” he wrote. “Families choosing a college should have clear and comparable information in a common format to guide their choice. And no one should forgo college because they think they cannot afford it.”
Duncan’s letter immediately made me think of the Temptations song Ain’t Too Proud to Beg. The song was about a man begging his girl to stay. Still, stay with me on this analogy.
The key lyrics applicable in this case: “If I have to beg, plead for your sympathy, I don’t mind ’cause you mean that much to me.”
Clearly, cost simplicity matters to Duncan and the Obama administration. Any student graduating with unmanageable education loans is one too many.
“Our goal is that more students will arrive at school each fall less worried about how they will pay for college and more focused on how they will complete college,” Duncan wrote to the presidents. “We know that you share that goal, and so we hope that you will join your colleagues across the country who have already agreed to adopt the ‘shopping sheet’ starting in the 2013-2014 school year. Thank you very much for your consideration of this request.”
