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Site helps compare college costs

President Barack Obama's new interactive College Scorecard website, designed to give consumers more information on the prices and values of individual colleges, has drawn mixed reviews from educational groups.

The new site allows anyone to retrieve the net cost — tuition rates minus average student aid — of attending a particular college, along with data on student loan repayment and the loan default and graduation rates.

But some of the data in the new scorecard is a few years old, and most of it has been available from other sources. Further, the information is presented as averages and medians that might have little relevance to individual families. The scorecard does connect to each institution's net price calculator, which allows individualized cost estimates, but it does not provide side-by-side comparisons of multiple schools, as other government sites do.

According to the Associated Press, the College Scorecard shows Florida's state universities generally rank low for tuition, borrowing and loan defaults.

Annual costs for attending Florida's 11 state universities range from $9,225 for Florida International University to $12,502 at the University of South Florida.

Monthly borrowing amounts range from $142 at the University of West Florida to $224 at Florida A&M University.

College Scorecard:

http://tinyurl.com/becjqgp

Site helps compare college costs 03/17/13 [Last modified: Sunday, March 17, 2013 6:37pm]
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