The hidden costs of a college education.
The Obama administration is rightly pressing colleges to bring clarity to the often misleading financial aid letters that many send out to newly admitted students.
The White House's announcement that 10 colleges and state university systems have agreed to create user-friendly financial aid letters is encouraging, but more will need to be done.
Many colleges actually hide the real expense of an education by issuing financial aid letters that blur the distinction between grants and loans to make the school look more affordable.
The colleges and universities that have committed to transparency include the State University System of New York, the university system of Maryland, the University of Texas System and the University of North Carolina at Chapel Hill.
The goal is to allow families to comparison-shop for college the same way they do for houses, televisions or refrigerators.
Unfortunately, colleges are unlikely to embrace this forthright approach to pricing unless the federal government makes it mandatory.
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