CFPB calls for sunshine on campus debit cards
Expanding transparency around colleges is always a concern. Families and students, who are often viewed as "consumers" of higher education, are rightfully due the disclosure of a bevy of relevant information about institutions they compensate in exchange for education. In addition to the many existing laws governing required disclosures by colleges, there's been, in recent years, a push for transparency in possible costs (the net price calculator), a push for transparency in campus safety (Clery Act and campus safety statistics), and a push for transparency in defaults of loans (cohort default rates). Such transparency is required of private and public schools, under the assumption that certain types of transparency are universally needed for students and families. On Tuesday, there was a call for greater collegiate transparency in a new realm: campus debit cards.
Encourage Your Student to Create an Advisor Connection
For at least 18 years, you have probably considered yourself to be your student’s principal advisor. You have been there every step of the way, literally from the first steps taken, and then on to the first words spoken, the first tests taken, and the first degrees granted. You probably didn’t have any “training” to be a parent, but somehow you figured it out.
The Path to Influence
Last week, in this column, I wrote about the upcoming “road to reauthorization” for the Higher Education Act, certain provisions of which are already being considered in the U.S. House Education and the Workforce Committee, chaired by Rep. John Boehner of Ohio.