Knowledge is a powerful thing.
And no one needs knowledge about the long-term financial impact of a college loan more than the kid whos going to be on the hook for it.
In the past, the whole nature of disclosing information about the direct impact of college loans on ones finances was a case of caveat emptor — buyer beware.
But college loan terms can be cumbersome and confusing, and without information staring them in the face, students will often ignore the impacts of their borrowing until theyre suddenly called upon to repay the loan.
Colleges and universities rely on this state of confusion to encourage more student borrowing so more people will attend their institutions, helping drive up the cumulative U.S. st…
Read the full article at: https://dailygazette.com/article/2017/07/11/editorial-help-students-fend-off-college-debt-with-greater-disclosure
